StockFetcher Forums · General Discussion · RSI Divergence<< 1 2 3 >>Post Follow-up
CHAMONIX
3 posts
msg #32095
Ignore CHAMONIX
5/15/2004 11:10:55 AM

I have been trying to write a filter for RSI Divergence and so far have come up with -

Fetcher [Show stocks where low 1 day ago reached a new 6 week low and 6 week low 1 day ago is below 6 week low 6 weeks ago and close has increased in the last 1 day and RSI(5) is between 20 and 40 and RSI(5) 6 week high is above 6 week high 6 weeks ago and Average Volume(90) is above 200000 and close is above 10]

This seems rather clumsy. Any suggestions for improvement?



TheRumpledOne
6,358 posts
msg #32096
Ignore TheRumpledOne
5/15/2004 1:23:12 PM

Here's a 2 day positive divergence filter

Fetcher[rsi(2) below 25 and close above 1 and Average Volume(90) is above 300000 and volume above 300000 and close below close 2 days ago and rsi(2) above rsi(2) 2 days ago]



MAY ALL YOUR FILLS BE COMPLETE


CHAMONIX
3 posts
msg #32211
Ignore CHAMONIX
6/1/2004 11:59:04 AM

To TheRumpledOne - Just want to say thank you for your suggestions last month (sorry for delay in commenting - been away). My own preference is for higher priced, large volume stocks but with some tweaking of the filter it worketd pretty well for these as well.


TheRumpledOne
6,358 posts
msg #32223
Ignore TheRumpledOne
6/1/2004 10:34:14 PM

You're welcome.

Let's see your filter.

MAY ALL YOUR FILLS BE COMPLETE.


CHAMONIX
3 posts
msg #32227
Ignore CHAMONIX
6/2/2004 1:34:35 PM

Didn't include it as my method of trading seems quite different from most people's here.I concentrate on futures, contracts for difference, and
traded-options close to expiry. Hence I am content with very small price increases in the underlying stock in a short timescale and depend upon the gearing effect. The revised filter only throws up a handful of results per day, if that, and I will only trade those where the RSI divergence leaps out at me. This approach has the benefit of working pretty well in all market conditions.

Fetcher[Show stocks where low reached a new 2 day low 1 day ago and Average Volume(90) is above 200000 and close is above 10 and RSI(5)is between 30 and 40 and RSI(5) increased in the last 1 day and RSI(5)1 day ago had fallen over the last 2 days and RSI(5) 3 days ago was below 30 and volume increased during the last 1 day]

Sorry - I just can't seem to make that bit work !





TheRumpledOne
6,358 posts
msg #32230
Ignore TheRumpledOne
6/2/2004 5:56:00 PM

Thanks for sharing.

It doesn't matter if you only get a few stocks... quality not quantity.

And it is not the stock but how you trade it that really matters.

MAY ALL YOUR FILLS BE COMPLETE.


txtrapper
548 posts
msg #32527
Ignore txtrapper
7/8/2004 8:02:14 AM

TheRumpledOne 7/7/2004 7:49:30 PM

Nice to see you are using RSI(2).




txtrapper 7/8/2004 7:55:22 AM

RSI(3)

Actually I have had greater success using RSI(3). That means that if the RSI(3)is going up and RSI(3) is below, say, 55, on the next day the stock will "go up in price" about 75% of the time. Can't say the same for RSI(2).


TxTrapper




TheRumpledOne
6,358 posts
msg #36449
Ignore TheRumpledOne
6/24/2005 9:13:12 AM

LIFE IS TOO FUNNY...

POP TO THE TOP


TheRumpledOne
6,358 posts
msg #36519
Ignore TheRumpledOne
6/27/2005 3:41:42 PM

Here's a WEEKLY DIVERGENCE FILTER FOR PRICE VS. RSI(2):

Fetcher[
set{nd2,count(weekly close below weekly close 2 weeks ago,1) * count(weekly rsi(2) above weekly rsi(2) 2 weeks ago,1)}

set{nd3,count(weekly close below weekly close 3 weeks ago,1) * count(weekly rsi(2) above weekly rsi(2) 3 weeks ago,1)}

set{nd4,count(weekly close below weekly close 4 weeks ago,1) * count(weekly rsi(2) above weekly rsi(2) 4 weeks ago,1)}

Set{n2, nd4 * 10}
Set{n3, nd3 * 100}
Set{n4, nd2 * 1000}

set{na, n2 + n3}
Set{PD2345, na + n4}

pd2345 above 0

close above 1
volume above 1000000

add column pd2345

add column rsi(2)
add column weekly rsi(2)
add column weekly rsi(2) 52 week low

sort column 5 descending

]




AddING weekly cuts down on the number of SET statements SF allows.

Hey SF, is this a bug?





Way2Late
37 posts
msg #39360
Ignore Way2Late
12/4/2005 3:53:57 PM

Finally figured out an easy way to get divergences.

Set the price and volume parameters as you prefer of course.

Fetcher[Show stocks trading between 10 and 100
and average volume above 250000
/*set time frame you want to watch for below */
and close reached a new 30 day low
/*Set what RSI(2) value you want to watch for below */
and RSI(2) is below 2
/*Set the period number below to the same as your number of days low number above */
and indposition(RSI(2),30) is greater than 0
]



indpositon returns a value between 0 and 1 so if today is the low for 30 days and indposition today is greater than 0 then sometime in the last 30 days the indicator you are looking at has had a lower low.

Of course you will have to look at the charts to see when the low on the indicator was, but should narrow the number of stocks to look at.

R-


StockFetcher Forums · General Discussion · RSI Divergence<< 1 2 3 >>Post Follow-up

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