semovente
17 posts
msg #84833
- Ignore semovente |
12/23/2009 12:09:25 AM
SFers:
If I understand this strategy correctly, one should buy the stock (at the CLOSE price) on the second consecutive day that the rsi(2) is below 25.
I am probably missing something here, but how can you buy on the same day -before- the day's trading has closed and the rsi(2) value for that day is known?
Is the idea to estimate its value by judging the price action or the rsi(2) value for an hourly chart?
Of course, one could wait to purchase the next day at the close price, but you may miss the opportunity if there is a gap up.
Any ideas?
Thanks in advance,
.vp
PS: Has anyone used this strategy intraday? If so, which timeframes?
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