SAFeTRADE 630 posts msg #138592 - Ignore SAFeTRADE |
10/6/2017 12:05:06 PM
I am attempting to see what may be rising from the bottom at this point in the market.
I am using Williams %r(30) to see what is lying on the bottom. I then am looking for
RSI(2) above 80 to detect early signs of a possible change in polarity.. I would then
look for a higher low off the lowest low followed by a higher high. Possibly a close
above MA(20) . Slow Stochastics(13,3) rising from below 20 to above 20. Maybe a close
above VStop. Also maybe a Doji followed by a gap up. Just thinking on paper.
Examples: KT,ERY,MUX,USLV,JCP Any thoughts?
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Mactheriverrat 3,132 posts msg #138610 - Ignore Mactheriverrat |
10/6/2017 11:28:41 PM
My 2 cents.
I'm not much on indicators but I have been messing with RSI(14) when it is above the 50.00 line. It usually is also when price cross's above the EMA(13) also the uptrend begins again.
Take SAND as a example using your MA(50) as a long term up trend and a cross of price of the EMA(13) . SAND should be on a watch list for Tuseday as markets are closed Monday. Should see more uptrend. The RSI(14) in using a cross above the 50.00 line as Bullish and the EMA(13) as short term uptrend. When price start to fail on the EMA(13) then sell or hold if price holds on that MA(20) line.
Just saying!
Here's the code I added to your filter and changed your EMA(8) to EMA(13). You can use rsi14xrsi14 to sort for 1st day RSI(14) is above the 50.00 line.
Draw rsi(14) line at 50.00
Set{cntrsi14above50line,count( rsi(14) > 50.00 1day ago,1)}
draw cntrsi14above50line
Set{cntrsi14above50lineb,count( rsi(14) < 50.00 1day ago,1)}
draw cntrsi14above50lineb
/* rsi14xrsi14 is number of consecutive days rsi(14) above (+)/below(-) previous 50.00 */
set{rsi14rsi14b,days( rsi(14) is above 50.00 1 day ago,250)}
set{rsi14rsi14a,days( rsi(14) is below 50.00 1 day ago,250)}
set{rsi14xrsi14, rsi14rsi14a - rsi14rsi14b} and add column rsi14xrsi14 {rsi14_x_rsi14}
do not Draw rsi14xrsi14
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Mactheriverrat 3,132 posts msg #138611 - Ignore Mactheriverrat |
10/6/2017 11:32:05 PM
Look at your KT past performance when the RSI(14) make a cross above the 50.00 line. I would take those type of gains.
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