lefty2469
7 posts
msg #55313
- Ignore lefty2469 |
9/27/2007 9:27:42 PM
weekly rsi(2) if you pull up a three month (daily) chart on (IVAN) and draw weekly rsi(2) you will see that it is showing three higher lows just before price moves higher....how do we write? a filter to catch this pattern
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karennma
8,057 posts
msg #55329
- Ignore karennma |
9/28/2007 8:30:19 AM
Lefty:
If you type in what you're looking for in the "search forums" section, you can usually find whatever you need. The following filter was found by typing "higher lows".
Here's one by TRO. (tweaked for IVAN)
There may be others.
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lefty2469
7 posts
msg #55352
- Ignore lefty2469 |
9/28/2007 8:15:02 PM
k i was refering to the higher lows on the weekly rsi(2) chart, not the stock price if you look at the IVAN charts and draw weekly rsi(2) you will see where it stairs steps up 1-up 2-down 3-up 4-down 5-up... and the price of the stock usually follows in a few days
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TheRumpledOne
6,407 posts
msg #55365
- Ignore TheRumpledOne |
9/29/2007 1:00:10 PM
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lefty2469
7 posts
msg #55392
- Ignore lefty2469 |
9/29/2007 9:12:02 PM
the rumpledone
now add draw weekly rsi(2) to your filter and look at the weekly rsi(2) and look for the higher lows. the stock usually breaks to the upside just after the second and third higher low. and is usually at or near a bottom. IVAN is a good example first low is end of july, the next is mid august and the next higer low is in september. if you look at the daily chart the higher lows are close to a bottom.
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TheRumpledOne
6,407 posts
msg #55409
- Ignore TheRumpledOne
modified |
9/30/2007 1:41:16 PM
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TheRumpledOne
6,407 posts
msg #55410
- Ignore TheRumpledOne |
9/30/2007 1:44:29 PM
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