CHAMONIX
3 posts
msg #32095
- Ignore CHAMONIX |
5/15/2004 11:10:55 AM
I have been trying to write a filter for RSI Divergence and so far have come up with -
Fetcher [Show stocks where low 1 day ago reached a new 6 week low and 6 week low 1 day ago is below 6 week low 6 weeks ago and close has increased in the last 1 day and RSI(5) is between 20 and 40 and RSI(5) 6 week high is above 6 week high 6 weeks ago and Average Volume(90) is above 200000 and close is above 10]
This seems rather clumsy. Any suggestions for improvement?
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TheRumpledOne
6,411 posts
msg #32096
- Ignore TheRumpledOne |
5/15/2004 1:23:12 PM
Here's a 2 day positive divergence filter
MAY ALL YOUR FILLS BE COMPLETE
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CHAMONIX
3 posts
msg #32211
- Ignore CHAMONIX |
6/1/2004 11:59:04 AM
To TheRumpledOne - Just want to say thank you for your suggestions last month (sorry for delay in commenting - been away). My own preference is for higher priced, large volume stocks but with some tweaking of the filter it worketd pretty well for these as well.
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TheRumpledOne
6,411 posts
msg #32223
- Ignore TheRumpledOne |
6/1/2004 10:34:14 PM
You're welcome.
Let's see your filter.
MAY ALL YOUR FILLS BE COMPLETE.
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CHAMONIX
3 posts
msg #32227
- Ignore CHAMONIX |
6/2/2004 1:34:35 PM
Didn't include it as my method of trading seems quite different from most people's here.I concentrate on futures, contracts for difference, and
traded-options close to expiry. Hence I am content with very small price increases in the underlying stock in a short timescale and depend upon the gearing effect. The revised filter only throws up a handful of results per day, if that, and I will only trade those where the RSI divergence leaps out at me. This approach has the benefit of working pretty well in all market conditions.
Sorry - I just can't seem to make that bit work !
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TheRumpledOne
6,411 posts
msg #32230
- Ignore TheRumpledOne |
6/2/2004 5:56:00 PM
Thanks for sharing.
It doesn't matter if you only get a few stocks... quality not quantity.
And it is not the stock but how you trade it that really matters.
MAY ALL YOUR FILLS BE COMPLETE.
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txtrapper
548 posts
msg #32527
- Ignore txtrapper |
7/8/2004 8:02:14 AM
TheRumpledOne 7/7/2004 7:49:30 PM
Nice to see you are using RSI(2).
txtrapper 7/8/2004 7:55:22 AM
RSI(3)
Actually I have had greater success using RSI(3). That means that if the RSI(3)is going up and RSI(3) is below, say, 55, on the next day the stock will "go up in price" about 75% of the time. Can't say the same for RSI(2).
TxTrapper
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TheRumpledOne
6,411 posts
msg #36449
- Ignore TheRumpledOne |
6/24/2005 9:13:12 AM
LIFE IS TOO FUNNY...
POP TO THE TOP
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TheRumpledOne
6,411 posts
msg #36519
- Ignore TheRumpledOne |
6/27/2005 3:41:42 PM
Here's a WEEKLY DIVERGENCE FILTER FOR PRICE VS. RSI(2):
AddING weekly cuts down on the number of SET statements SF allows.
Hey SF, is this a bug?
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Way2Late
37 posts
msg #39360
- Ignore Way2Late |
12/4/2005 3:53:57 PM
Finally figured out an easy way to get divergences.
Set the price and volume parameters as you prefer of course.
indpositon returns a value between 0 and 1 so if today is the low for 30 days and indposition today is greater than 0 then sometime in the last 30 days the indicator you are looking at has had a lower low.
Of course you will have to look at the charts to see when the low on the indicator was, but should narrow the number of stocks to look at.
R-
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