StockFetcher Forums · General Discussion · New Forum Post<< >>Post Follow-up
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

karennma
6,386 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.

Fetcher[ /* HIGHER HIGHS, HIGHER LOWS */

set{HH, count(high equal high 20 day high, 20)}

set{NewHI, count(high above high 1 day ago, 20)}

set{HL, count(low above low 1 day ago, 20)}

add column HH

add column NewHI

add column HL

HH above 0

high above high 1 day ago

volume above 1000000
close between 10 and 15

sort column 5 descending
]




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

TheRumpledOne
6,358 posts
msg #55365
Ignore TheRumpledOne
9/29/2007 1:00:10 PM

Fetcher[ /* rsi(2) HIGHER HIGHS, HIGHER LOWS */

set{HH, count(rsi(2) equal rsi(2) 20 day high, 20)}

set{NewHI, count(rsi(2) above rsi(2) 1 day ago, 20)}

set{HL, count(rsi(2) above rsi(2) 1 day ago, 20)}

add column HH

add column NewHI

add column HL

HH above 0

rsi(2) above rsi(2) 1 day ago

volume above 1000000
close between 10 and 15

sort column 5 descending
]



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.

TheRumpledOne
6,358 posts
msg #55409
Ignore TheRumpledOne
modified
9/30/2007 1:41:16 PM

Fetcher[
/* weekly rsi(2) HIGHER HIGHS, HIGHER LOWS */

set{HH, count( weekly rsi(2) equal weekly rsi(2) 20 week high, 20)}

set{NewHI, count( weekly rsi(2) above weekly rsi(2) 1 week ago, 20)}

set{HL, count( weekly rsi(2) above weekly rsi(2) 1 week ago, 20)}

add column HH

add column NewHI

add column HL

HH above 0

weekly rsi(2) above weekly rsi(2) 1 day ago

volume above 1000000
close between 10 and 15

sort column 5 descending
]



TheRumpledOne
6,358 posts
msg #55410
Ignore TheRumpledOne
9/30/2007 1:44:29 PM

Fetcher[
/* rsi(2) HIGHER HIGHS, HIGHER LOWS */

set{HH, count(rsi(2) equal rsi(2) 20 day high, 20)}

set{NewHI, count(rsi(2) above rsi(2) 1 day ago, 20)}

set{HL, count(rsi(2) above rsi(2) 1 day ago, 20)}

set{WHH, count( weekly rsi(2) equal weekly rsi(2) 20 week high, 20)}

set{NewWHI, count( weekly rsi(2) above weekly rsi(2) 1 week ago, 20)}

set{WHL, count( weekly rsi(2) above weekly rsi(2) 1 week ago, 20)}


add column HH

add column NewHI

add column HL

add column WHH

add column NewWHI

add column WHL

HH above 0

rsi(2) above rsi(2) 1 day ago

volume above 1000000
close between 10 and 15

sort column 5 descending
]



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