StockFetcher Forums · Filter Exchange · rsi(2) crossover method<< >>Post Follow-up
billkjones
3 posts
msg #31776
Ignore billkjones
4/16/2004 11:21:05 PM

I have had some great results using the filter:rsi(2)crossed above cma(rsi(2),14)and average volume(30)is above 200000.I want to know how to add a phrase to this filter to limit it to stocks where rsi(2)has been below 2.0 within the last 3 days prior to the crossover.I am fairly new to TA.Any suggestions on this would be greatly appreciated.


TheRumpledOne
6,362 posts
msg #31781
Ignore TheRumpledOne
4/17/2004 10:40:07 PM

Try this:

Fetcher[Show stocks where the count(rsi(2) BELOW 2, 3) is above 1 and rsi(2)crossed above cma(rsi(2),14) and average volume(30) is above 200000]



MAY ALL YOUR FILLS BE COMPLETE.


I have had some great results using the filter:rsi(2)crossed above cma(rsi(2),14)and average volume(30)is above 200000.I want to know how to add a phrase to this filter to limit it to stocks where rsi(2)has been below 2.0 within the last 3 days prior to the crossover.I am fairly new to TA.Any suggestions on this would be greatly appreciated.



TheRumpledOne
6,362 posts
msg #31782
Ignore TheRumpledOne
4/17/2004 11:23:46 PM

You know, the funny thing is... you are missing out on the big gains... this filter shows stocks THE DAY AFTER THEY HAVE MOVED!

Buy them when RSI(2) < 2... just wait for them to hold GREEN 20 - 30 minutes after the open, then they should be good to go.

MAY ALL YOUR FILLS BE COMPLETE.


billkjones
3 posts
msg #31797
Ignore billkjones
4/19/2004 8:57:24 AM

Thank you RumpledOne.Unfortunately,most days don't afford me the luxury of being able to trade "live".I enter most of my trades with limit orders placed pre-opening.I really like using rsi(2)and the crossover has gotten me into some profitable trades.Once again,Thanks.


travlr
80 posts
msg #31848
Ignore travlr
4/23/2004 8:26:02 AM

What is CMA? Is that an error and supposed to be SMA?


billkjones
3 posts
msg #31853
Ignore billkjones
4/23/2004 6:27:03 PM

cma=custom moving average.


tdavisfn
13 posts
msg #31855
Ignore tdavisfn
4/24/2004 10:09:10 AM

RumpledOne, do you filter your filtered results, i.e., let's say the RSI(2) filter (presented above in the previous post) returns 19 stocks, do you perform a quality check or some other final filter to decide between them? Do you stay above, below, or within a price range? TIA

Also, I sent you an IM on a filter challenge I'm having, any ideas would be appreciated but off topic for this forum.


TheRumpledOne
6,362 posts
msg #31856
Ignore TheRumpledOne
4/24/2004 2:06:39 PM

Quality Check?

There are many things you can do...

I look at the daily chart, checking for things like positive/negative divergence, position in relation to lower LR and BB, volume fluctuations, candle size, ema crossovers, etc...

I check for news.

I trade premarket, so if the stock had news, and starts to take off, I want to be in before the market opens.

Just keep it simple and don't be greedy.

MAY ALL YOUR FILLS BE COMPLETE.




StockFetcher Forums · Filter Exchange · rsi(2) crossover method<< >>Post Follow-up

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