TheRumpledOne
6,407 posts
msg #35679
- Ignore TheRumpledOne |
4/21/2005 1:56:13 AM
Marine2... I don't have any website or anything for sale. I told you that once before. What is the reason you persist in saying otherwise?
EMA(5) is a great addition to RSI(2)... After a stock hits RSI(2) < 1, you then wait for the price to cross above the EMA(5) then you can SAFELY LOAD THE BOAT.
Sometimes a stock hits RSI(2) < 1 only to go up and drop again usually exhibiting positive divergence... then when it clears the EMA(5), it is OFF TO THE RACES!!
Study the chart patterns of the stocks this filter returns.
Go ahead, backtest it and post the results.
MAY ALL YOUR FILLS BE COMPLETE.
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TheRumpledOne
6,407 posts
msg #35685
- Ignore TheRumpledOne |
4/21/2005 9:19:20 AM
This gives you notice that they are on the way up!
/* FORMER RSI(2) < 1, CLOSE ABOVE OPEN AND CLOSE < EMA 5 */
set{R2a,days(rsi(2) is below 1,30)}
R2a above 0
close above open
close below ema(5)
volume above 100000
close above 1
close below 200
add column rsi(2)
add column R2a
add column ema(5)
draw ema(5)
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TheRumpledOne
6,407 posts
msg #35686
- Ignore TheRumpledOne |
4/21/2005 9:21:35 AM
Whoops, forgot to preview..lol
MAY ALL YOUR FILLS BE COMPLETE
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marine2
963 posts
msg #35712
- Ignore marine2 |
4/23/2005 1:53:16 PM
Thanks TheRumpledOne in bringing me up-to-date again on that no web site fact. Goodluck in all your trading! Thanks again, for helping the forum here, in your own unique way.
Trading is an art and not a hobby.
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marine2
963 posts
msg #35770
- Ignore marine2 |
4/27/2005 1:15:23 AM
TheRumpledOne, yes, your RSI(2) tool does work because with the new backtest now in place I capture 86% success between a period of first of the year to now. Not bad huh.
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judgetrade
107 posts
msg #35787
- Ignore judgetrade |
4/28/2005 4:29:34 PM
marine2,
that is impressive! Do you post your filter :-) (I get only 60%) within the last year.
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marine2
963 posts
msg #35797
- Ignore marine2 |
4/29/2005 1:04:50 AM
judgetrade, Utilizing SF's new backtest tool I had an 86% win rating and only 14% loss rating on one of my RSI(2) filters. We all use different criteria for our individual filter creations so what I use for that one must be one of the best ones out there. I would like to know if someone can beat that one?
Remember the key is to use a good exit command. That is what creates the more successful filters.
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TheRumpledOne
6,407 posts
msg #35961
- Ignore TheRumpledOne |
5/10/2005 6:33:19 PM
On 5/9/2005 at the close $36.03, QQQQ rsi(2) = 98.80.
Dropped like a rock at the open the next day, low was 35.62.
Who says there is no "crystal ball" ... LOL!
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TheRumpledOne
6,407 posts
msg #36039
- Ignore TheRumpledOne |
5/18/2005 6:37:03 PM
QQQQ showing a NEGATIVE DIVERGENCE.... THE DROP IS COMING!
Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks under $1:
Here's the FORMER RSI(2) < 1 NOW CLOSE STILL BELOW EMA(5) FILTER for NASDAQ stocks $1 and up:
Of course you can change the price and add your own volume requirements.
WAIT FOR GREEN THEN LOAD THE BOAT!
MAY ALL YOUR FILLS BE COMPLETE.
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balsara
1 posts
msg #36076
- Ignore balsara |
5/22/2005 1:54:36 PM
Can someone summerise the RSI(2) concept and refer us to the final version of the filter
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