StockFetcher Forums · General Discussion · Most reliable short term indicator<< 1 2 3 4 >>Post Follow-up
Sqwii
160 posts
msg #76391
Ignore Sqwii
7/13/2009 5:06:27 PM

Okay, all of us in here have been trying a lot of different strategys and filters.

I have been in here for several years and from all the filters I have used I can only say that the best overall short term indicator is RSI(2). I must admit that I cant see any other better filters for the "very short term".

Please post what you think worked best for you.

Have a nice day

calhawk01
135 posts
msg #76396
Ignore calhawk01
7/13/2009 9:34:02 PM

which rsi filter?

Sqwii
160 posts
msg #76405
Ignore Sqwii
7/14/2009 5:06:08 AM

rsi(2) filter simple is that.

Its the best overall short term filter to find overbought and oversold conditions( short term ) imo..

but maybe any others in here using adx/williams/stochastics more often.

Kevin_in_GA
4,555 posts
msg #76417
Ignore Kevin_in_GA
7/14/2009 10:36:42 AM

Define "short term" - intraday? One-two days? A week?

I look at momentum-based indicators, and trade on a weekly timeframe rather than daily. My favorite indicator is the weekly MACD(2,3,9) - the day after it crosses above zero, buy. The day after it crosses back below zero, sell.

Simple and effective. Generally do only a few trades per month. I am tracking 15 ETFs right now using this system - results since 8 June are 13 out of 15 profitable, with an average return of 11.1%.


Sqwii
160 posts
msg #76428
Ignore Sqwii
7/14/2009 3:37:21 PM

short term is / 1-5 days.

So in that timeframe my avg gain for a lot stocks is 5-10% on every stocks. But I am also reading the chart with support areas, but this RSI(2) is so useful with trendlines

decipherlinda
133 posts
msg #76458
Ignore decipherlinda
7/15/2009 8:39:17 AM

Thank you Kevin_in_GA. Spent several hours with it yesterday and it does work well.

chetron
2,817 posts
msg #76461
Ignore chetron
modified
7/15/2009 9:22:09 AM

CLICKABLE....


Fetcher[



/* KEVIN_GA histogram FILTER */

SET{VBUYME,COUNT(weekly MACD histogram(2,3) crosseD above 0,1)}
SET{VSELLME,COUNT(weekly MACD histogram(2,3) crosseD BELOW 0,1)}
SET{VPLAYS,VBUYME + VSELLME}

DRAW VSELLME ON PLOT VBUYME
draw weekly macd(2,3)
ADD COLUMN VBUYME {BUY ME NOW}
ADD COLUMN VSELLME {SELL ME NOW}

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
chart-display weekly


]



OR DID YOU MEAN THIS...



Fetcher[

/* KEVIN_GA fast line (default) FILTER */

SET{VBUYME,COUNT(weekly MACD fast line(2,3) crosseD above 0,1)}
SET{VSELLME,COUNT(weekly MACD fast line(2,3) crosseD BELOW 0,1)}
SET{VPLAYS,VBUYME + VSELLME}

DRAW VSELLME ON PLOT VBUYME
draw weekly macd(2,3)

ADD COLUMN VBUYME {BUY ME NOW}
ADD COLUMN VSELLME {SELL ME NOW}

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
chart-display weekly

]





welliott111
98 posts
msg #76488
Ignore welliott111
7/15/2009 4:47:19 PM

What am I missing, the buymenow and sellmenow plot does not line up with weekly macd(2,3,9) 0 crosses?

ex. July 9 and June 19 on the spy chart



Fetcher[
/* KEVIN_GA FILTER */

symlist(spy)

SET{VBUYME,COUNT(weekly MACD(2,3,9) crosseD above 0,1)}
SET{VSELLME,COUNT(weekly MACD(2,3,9) crosseD BELOW 0,1)}
SET{VPLAYS,VBUYME + VSELLME}

draw weekly macd(2,3,9)
add column weekly macd(2,3,9)
DRAW VSELLME ON PLOT VBUYME

ADD COLUMN VBUYME {BUY ME NOW}
ADD COLUMN VSELLME {SELL ME NOW}

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
]





chetron
2,817 posts
msg #76489
Ignore chetron
modified
7/15/2009 5:25:12 PM

sorry, i forgot that the historical weekly metrics are not usable on daily charts.

chetron
2,817 posts
msg #76490
Ignore chetron
7/15/2009 5:37:27 PM

updated filters to read correctly, need the charts to be weekly?


StockFetcher Forums · General Discussion · Most reliable short term indicator<< 1 2 3 4 >>Post Follow-up

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