semovente
17 posts
msg #81375
- Ignore semovente |
10/19/2009 10:49:56 AM
Just signed up for stockfetcher and am looking at different strategies one of which is the rsi(2) as espoused by Larry Connors.
I realize it is a very simple screen but was wondering if it could be improved by creating a filter whereby the following would be added:
- rsi(2) value less than 10 (or 5)
- rsi(2) slope is 0 (I have noticed that the slope of the rsi(2) tends to flatten before bouncing above the trigger line
- stock is above ma(200) or (100 might catch a few more)
- parabolic buy signal
- trend is bullish (aroon oscillator positive) for n days (n=2 say)
Is this too much to ask for in that very few stocks would meet this?
Which of these filters could be relaxed or is unlikely/redundant?
Thanks in advance,
.vp
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karennma
8,057 posts
msg #81378
- Ignore karennma
modified |
10/19/2009 1:27:40 PM
Your request sounds like an old TRO filter.
Here's something weird ... a slope of the rsi(2).
However, it doesn't necessarily mean the stock has bottomed.
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trendscanner
265 posts
msg #81407
- Ignore trendscanner |
10/19/2009 8:45:44 PM
What rsi(2) screen, filter, or criteria does Larry Conner recommend using?
Here's a rough filter with your criteria. The first 3 lines find a number of stocks. The number drops considerably when you add the SAR. With the Aroon line active, it doesn't find any hits.
It may be difficult to find a situation where rsi(2) is below 10 or 5 and the slope is flat-lined and then suddenly find
Aroon or Parabolic SAR in an immediate uptrend. But who knows, you might find something from this.
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semovente
17 posts
msg #81411
- Ignore semovente |
10/19/2009 9:30:58 PM
By simply relaxing the wait period to 2 days yields considerably more results - thanks!.
I suspected that the setups I was looking at would be too restrictive.
.vp
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semovente
17 posts
msg #81451
- Ignore semovente |
10/20/2009 2:48:01 PM
Found this on the Public Filter list:
http://forums.stockfetcher.com/sfforums/?q=post&fid=1002&tid=81375&qrid=1256064317
The author identifies this as a bouncing filter with an rsi(2)-type trigger.
.vp
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MARY4MONEY
806 posts
msg #81452
- Ignore MARY4MONEY |
10/20/2009 4:07:27 PM
LARRY CONNORS STOLE IT FROM ME IN 2002- IM THE ONE THAT TOLD HIM ABOUT IT
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TheRumpledOne
6,411 posts
msg #81454
- Ignore TheRumpledOne |
10/20/2009 4:46:54 PM
That is correct because I learned it from Mary4Money back then, too.
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alf44
2,025 posts
msg #81455
- Ignore alf44 |
10/20/2009 4:53:29 PM
...I thought you learned it from "holy grail" !
Oh what a tangled web we weave...
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TheRumpledOne
6,411 posts
msg #81475
- Ignore TheRumpledOne |
10/20/2009 11:39:49 PM
They are the same person...LOL!!
I thought you knew that.
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