StockFetcher Forums · Filter Exchange · Highest accuracy next-price trade indicators?<< >>Post Follow-up
KSK8
561 posts
msg #160093
Ignore KSK8
2/10/2023 5:03:12 PM

Has anyone in the community ever come across an indicator that is good for predicting the next price change?

As I reflect on the accuracy for predicting price movements that the RSI(2) allows, it makes me wonder what else is out there that yields a similar short term performance success.

For instance, whenever the RSI(2) breaches above 99, more often then not, the next price will close lower than it opened. A pattern with the RSI(2) exhibited on almost all timeframes across almost all tradeable assets.

The same dynamic (although not as accurate) can be seen with others:
CCI(5) crossing above 225
Williams %R (2) crossing above -2
Stoch(14) crossing above 95
Demarker(10) crossing above 0.9
etc etc etc

I'm curious what the SF community has come across that are good for next-bar trades.

Even more curious if anyone has found any interesting ones through Stratasearch





xarlor
548 posts
msg #160094
Ignore xarlor
2/10/2023 5:43:04 PM

The only one I use for a 1-bar change is ConnorsRSI. It's a more refined RSI indicator. I use it in other filters that are more swing trades than 1-bar trade.

Here is the filter I use for the 1-bar trade. It returns results rarely, but they are always high probability trades when they do.

Fetcher[
/* Short the next day with limit of ShortPrice or buy deep ITM Puts at -80 Delta. Exit when ConnorsRSI crosses under 30 */

market not etf
optionable

set{var1,count(close > 5,1)}
set{var2,count(average volume(21) > 1000000,1)}
set{var3,count(historical volatility(100,1) > 100,1)}
set{var4,count(Connors RSI(3,2,100) > 90,1)}
set{short1,var1 * var2}
set{short2,short1 * var3}
set{short,short2 * var4}
short > 0

set{Cover,count(Connors RSI(3,2,100) < 30,1)}
cover > -1

set{ShortPrice,close*1.05}
add column shortprice
add column sector

draw Connors RSI(3,2,100) line at 90
draw Connors RSI(3,2,100) line at 30
]



Its raw form, without the safeguards in the above filter shows promise if you want to take on more risk:

Fetcher[
Connors RSI(3,2,100) > 90
]



KSK8
561 posts
msg #160095
Ignore KSK8
modified
2/10/2023 5:59:02 PM

Hands down, a very great indicator.

Honestly, I've never seen a solid usage for historical volatility before. Quite interesting

Excellent find xarlor


Mactheriverrat
3,127 posts
msg #160096
Ignore Mactheriverrat
modified
2/10/2023 8:27:40 PM

My RSI 2 use is:

RSI(2) breaches above 60. It can get on in neurosis times in a uptrend say like price above MA 20.

Nothing is certain .
IMHO!

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