chetron
2,817 posts
msg #80943
- Ignore chetron |
10/10/2009 10:11:57 AM
finally....
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choymi8828
47 posts
msg #80956
- Ignore choymi8828
modified |
10/11/2009 2:10:43 AM
Chetron,
I thought the rule is:
When the RSI crosses the LBB it is a buy signal. RSI crossing UBB is sell signal.
The stocks that were filtered using your latest filter today returned a list of stocks that generated a SELL signal when the RSI line crossed the UBB from below. But upon investigation of the stock charts, those SELL stocks (e.g. TEL) should indeed be BUY instead as there was a white bullish engulf candle breaking the mini down trend.
Am I missing something ?
Correct me if I am wrong, thanks.
Mike
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chetron
2,817 posts
msg #80959
- Ignore chetron
modified |
10/11/2009 8:04:49 AM
you are right, the filter was written without any consideration given to candles generated.
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chetron
2,817 posts
msg #80960
- Ignore chetron
modified |
10/11/2009 8:49:27 AM
the previous filter was rsi(2) which is very short term.
this is the rsi(12) whcih is more intermediate term...
candlesthicks are not being considered here......
thanx for the heads up, choymi8828......
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choymi8828
47 posts
msg #80970
- Ignore choymi8828 |
10/11/2009 8:06:00 PM
Thanks Chetron, I think you missed the change below in your revision:
draw BOLU on plot rsi(2)
draw BOLD on plot rsi(2)
Should be :
draw BOLU on plot rsi(12)
draw BOLD on plot rsi(12)
Right ?
Mike
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four
5,087 posts
msg #116715
- Ignore four |
11/13/2013 3:25:45 AM
http://www.scribd.com/doc/129484913/Adaptive-RSI
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