StockFetcher Forums · Filter Exchange · positive and negative divergences using the rsi(2)<< 1 2 >>Post Follow-up
maxxam80
108 posts
msg #47446
Ignore maxxam80
10/13/2006 11:01:39 AM

Is it possible to make a filter that scans for stocks that have a divergence between price and rsi levels (compared to a previous very similar price level with different RSI 2 levels) is this someothing that can be coded with SF

thanks

Max


sadelb
12 posts
msg #47455
Ignore sadelb
10/13/2006 9:19:08 PM

This could be the best filter ever posted on stockfetcher imo. Thanks!!


WALLSTREETGENIUS
983 posts
msg #47457
Ignore WALLSTREETGENIUS
10/14/2006 12:01:40 AM

"This could be the best filter ever posted on stockfetcher imo. Thanks!!"
_______________________________

Someone else said that, and all hell broke loose in the forum. lol....but I can't take credit for it b/c someone else posted the divergence part. But I knew when I saw it....it was a diamond in the rough. By far, the best divergence filter posted to date! Hands down......


- RIGGS -




maxxam80
108 posts
msg #47464
Ignore maxxam80
10/14/2006 2:51:55 PM

thank god I made this thread



maxxam80
108 posts
msg #47468
Ignore maxxam80
modified
10/14/2006 3:41:43 PM

does it just mean buy the stock the filter produces



maxxam80
108 posts
msg #47469
Ignore maxxam80
10/14/2006 3:42:07 PM

'load the freakin boat' that is


jacobnbr1
37 posts
msg #47459
Ignore jacobnbr1
modified
10/14/2006 3:54:48 PM

Riggsy:

I took a long hard look at this filter and the set-ups and i got to tell you THIS IS FREAKIN AWSOME!

as it looks right now one stock in mention is prgs if i am reading it right just broke out friday as the "LOAD THE FREAKIN BOAT" am i right? and if so. is this like a one to three day trade hold, or is exit upon the crossing of ema?

thanks for the help.




jacobnbr1
37 posts
msg #47470
Ignore jacobnbr1
10/14/2006 4:12:16 PM

max:

I don't think there ever will be a filter that you just buy the stocks as they show up.... There is too much catalyst crap that happens so you need to focus, focus, focus...

I can remember when i first figured out sma's. i thought i was the best trader alive...


Jimski
1 posts
msg #47471
Ignore Jimski
10/14/2006 5:37:17 PM

"Is it possible to make a filter that scans for stocks that have a divergence between price and rsi levels (compared to a previous very similar price level with different RSI 2 levels) is this someothing that can be coded with SF "

thanks

Max

The filter produced by WALLSTREETGENIUS looks good. My question though is this. Has your question above really been answered? If I understand it right ( and maybe i don't)you are looking for a filter that would tell you when a stock that has a price A on the way down and a RSI(2) of 5% has a positive divergence in the RSI(2)of say 80% because the RSI(2) on the stock at the same price point of A on the way back up after a decline is 85%. I have just recently come across this idea in my reading on RSI(2),but if I understand it right the idea is that the bigger the positive divergence in the RSI(2) at the same price point the more "energy' there is to continue to go higher.
Is this right? Any thoughts anyone?
Thanks
Jimski


sadelb
12 posts
msg #47473
Ignore sadelb
modified
10/15/2006 1:09:01 AM

Maxxam, I would have to agree with you that I believe you can pretty much buy the stocks this filter produces. Good idea to wait until the end of the trading day.



StockFetcher Forums · Filter Exchange · positive and negative divergences using the rsi(2)<< 1 2 >>Post Follow-up

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