StockFetcher Forums · General Discussion · Reverse rsi(2) works?<< >>Post Follow-up
jthehut
124 posts
msg #28405
Ignore jthehut
9/8/2003 2:31:30 PM

RumpledOne (or anyone else in the know):

In your experience (REAL trading) does rsi(2) reversed work (ie rsi near 100, close near top of linear regression, etc.) when the market is going down? Do you do this at all...or do you stick with rising stocks?

Wanted to do back-test, but I know that it may not show so well just on the charts...

M aka jabba


EWZuber
1,373 posts
msg #28415
Ignore EWZuber
9/8/2003 10:52:54 PM

jthehut
Just for reference, several of my bearish short position filters are returning rising stocks right now.


TheRumpledOne
6,358 posts
msg #28421
Ignore TheRumpledOne
9/9/2003 3:06:53 AM

If you want to short... RSI(2) > 99% works pretty well especially when combined with a stock hitting the Upper Linear Regression Line.

However, be careful...new highs, make new highs....

If you like to short the QQQ's or buy the QQQ puts, this is killer!


rrochon
117 posts
msg #28565
Ignore rrochon
9/13/2003 6:17:56 PM

Try this short filter:
Fetcher[RSI(2)above 99% and volume above Average Volume(90) and Average volume(90) above 100000 and closing price touched upper Linear Regression Line(60) and price is above 2 and close is 10% below high]



I couldn't back test it, because it does not find enough stocks on previous days to test.

The filter can be adjusted to find more, but you will need to eliminate some of the parameters. I like the long tail, and wanted good volume, and trending up, and well over bought, so I don't know what you would change to get more stocks.

I'm sure it would do better in a down trending market.

Dick


rrochon
117 posts
msg #28574
Ignore rrochon
9/14/2003 1:06:17 PM

Try this short filter:
Fetcher[RSI(2)above 99% and volume above Average Volume(90) and Average volume(90) above 100000 and closing price touched upper Linear Regression Line(60) and price is above 2 and close is 10% below high]



I couldn't back test it, because it does not find enough stocks on previous days to test.

The filter can be adjusted to find more, but you will need to eliminate some of the parameters. I like the long tail, and wanted good volume, and trending up, and well over bought, so I don't know what you would change to get more stocks.

I'm sure it would do better in a down trending market.

Dick


StockFetcher Forums · General Discussion · Reverse rsi(2) works?<< >>Post Follow-up

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