StockFetcher Forums · Filter Exchange · Highest accuracy next-price trade indicators?<< >>Post Follow-up
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

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.

/* 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

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

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:

Connors RSI(3,2,100) > 90

561 posts
msg #160095
Ignore KSK8
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

3,127 posts
msg #160096
Ignore Mactheriverrat
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 .

StockFetcher Forums · Filter Exchange · Highest accuracy next-price trade indicators?<< >>Post Follow-up

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