StockFetcher Forums · General Discussion · Relative RSI<< >>Post Follow-up
14 posts
msg #86919
Ignore gvphubli
1/24/2010 4:42:17 PM

I want to trade on extreme RSI value lets say if RSI(14) < 22 buy long. However I want this to be relative to broader market i.e. in case market is bullish the RSI(14) < 22 is very likely to occur, due to this I end up getting no stocks showing up in my filter during bullish seasons. How do I make RSI(14) limit very relative to bullish and bearish situations ?

- G's

2,817 posts
msg #86921
Ignore chetron
1/24/2010 4:54:00 PM


14 posts
msg #95508
Ignore gvphubli
8/8/2010 12:27:42 PM

chetron - I don't think I did not put question right. For yr 2002 if I used "RSI(28) approaching 22 from below" it give me about 30 stocks for the whole year. but the same filter will give me very few hits in 2003 and 2004 as market got improved. I change the filter for 2003 and 2004 to "RSI(28) approaching 24 from below" and "RSI(28) approaching 25 from below" respectively and now I get about 30-32 hits a year and my win/loose ration also almot matches that of year 2002.

"RSI(28) approaching 22 from below" also works best for yr. 2008 too as it was bearish.

So I guess the question is how do I adjust this "approaching X" value based on market strength/situation.

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