grass
10 posts
msg #33422
- Ignore grass |
9/28/2004 4:14:18 PM
Hi All,
I'd like to build a bearish filter based on MACD, RSI and SlowStoch.
As I'm an option trader I came up with the following:
Show stocks where MACD fast line crossed below the MACD slow line within last 3 days
and Slow Stochastic(14,3) Fast %K crossed below Slow Stochastic(14,3) Slow %D within the last 3 days
and RSI(2) is above 70
and Not OTCBB
and stocks are optionable
The trouble is: it doesn't look bearish. Can anyone tell me what I'm doing wrong ?
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mistry
11 posts
msg #33428
- Ignore mistry |
9/28/2004 11:24:40 PM
Hi Grass ,
The problem seems to be the relative timing of the events for MACD crossover, the Stochastics and the RSI(2) - They are not necssarily coincident.
As a matter of fact , I am an option trader too and looking for the same bear filter selection screen.
You might want to try and see if this filter will help, or combine the filter.
Sometime I see it better to not put to many conditions into the filter - KISS and let the visual inspection make the final call.
Fetcher [Set {MACDdelta, MACD fast line(12,26)-MACD slow line(12,26)}
Show stocks where MACD fast line(12,26) crossed below MACD slow line(12,26) within the last 3 day
and Average Volume(90) is above 50000
and close is between 5 and 250
and MACDdelta is greater than -0.15
and stock is optionable
and date offset is 0
]
the MACDdelta is a measure of the separation of the Fast and Slow lines after crossing and the 'force' of the down swing.
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james549
53 posts
msg #33431
- Ignore james549 |
9/29/2004 7:34:38 AM
Try this one.
FETCHER {Show stocks where MACD fast line(12,26) crossed below MACD slow line(12,26) within the last 5 day
and Show stocks where MACD histogram(12,26) is above -0.15
and Show stocks where RSI(15) crossed above 70 within the last 3 days
and Slow Stochastic(14,3) Fast %K crossed below Slow Stochastic(14,3) Slow %D within the last 3 days
and Average Volume(90) is above 50000
and close is between 10 and 250
and stocks are optionable
and date offset is 0
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xplorer
257 posts
msg #33445
- Ignore xplorer |
9/29/2004 10:10:51 PM
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james549
53 posts
msg #33451
- Ignore james549 |
9/30/2004 7:07:29 AM
xplore,
What did I do wrong in entering the post? Mine was text only.
Can you help?
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cegis
235 posts
msg #33454
- Ignore cegis |
9/30/2004 8:17:08 AM
james549,
Your filter didn't result in a hot link because you didn't get the syntax quite right. The filter needs to be enclosed in square brackets ("[" and "]"), and no space between "Fetcher" and the first "[".
Also, if you preview your message, SF will show the filter as a link if it will end up as one once it's posted.
HTH,
C
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james549
53 posts
msg #33467
- Ignore james549 |
10/1/2004 7:14:05 AM
Thankyou
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