MARY4MONEY
806 posts
msg #72991
- Ignore MARY4MONEY |
3/21/2009 9:18:14 AM
what it gives you is a visual tabular result for the last 17 trading rsi(2) s and it also gives you the sm% which is the 8 week volitility value- the higher the number the more money you will make on the stocks- along with using the rsi(2) curve- you want stocks that when they run up from <5-10% rsi2) and you want the stock to they stay above the 98% rsi(2) longer-- the longer it does the more powerful the stock will run from its bottom in the future- aig is a perfect example- its stayed at >99% 4 days in a row- what you want on the retracement is for the stock to go to a rsi(2) 15-35% at its bottom--here is the scan filter--------rsi(2) power scan and average volume(30) above 750000 and stock is optionable and add column rsi(2) and add column rsi(2) 1 day ago and add column rsi(2) 2 days ago and add column rsi(2) 3 days ago and add column rsi(2) 4 days ago and add column rsi(2) 5 days ago and add column rsi(2) 6 days ago and add column rsi(2) 7 days ago and add column rsi(2) 8 days ago and add column rsi(2) 9 days ago and add column rsi(2) 10 days ago and add column rsi(2) 11 days ago and add column rsi(2) 12 days ago and aff column rsi(2) 13 days ago and add column rsi(2) 14 days ago and add column rsi(2) 15 days ago and add column rsi(2) 16 days ago and add column rsi(2) 17 days ago and set{sm%, weekly atr(8)/ weekly close(8)} and add column sm%
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chetron
2,817 posts
msg #72992
- Ignore chetron |
3/21/2009 9:53:12 AM
cleaned and pressed ....
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chetron
2,817 posts
msg #72995
- Ignore chetron |
3/21/2009 11:36:58 AM
JUST AN IDEA...............
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acfncp3
59 posts
msg #72996
- Ignore acfncp3 |
3/21/2009 12:01:06 PM
First I'd like to thank you for this filter and tell you how much I really appreciate all the work that gets done on this site.
Can you please explain this filter a little more. At what point do you go long or short. I noticed that if RSI(2)-1 is higher then RSI(2) that might be a place to buy a put, and vice a versa. Is that what you are looking at for a signal of reversal. Or are you just doing a sort on the RSI(2) column and if its above 90 or so you go long and if it's below 15 or so you go short.
Thanks again
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Eman93
4,750 posts
msg #72997
- Ignore Eman93
modified |
3/21/2009 3:54:17 PM
Hey this is interesting.
Chet is there anyway to have the RSI col display the dates? instead of days ago??
Should you sort on sm%
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chetron
2,817 posts
msg #72998
- Ignore chetron |
3/21/2009 4:31:44 PM
I AM NOT AWARE OF ANY DATED COLUMN FUNCTION
M4M SAID THAT SM% IS USED FOR PROFIT POTENTIAL, WHICH DOESN'T CONTRIBUTE TO THE ACTUAL SET-UP OF AN RSI PULLBACK. THE SET-UP IS NEEDED 1ST.
FILL FREE TO POST YOUR EDITS
HTH
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chetron
2,817 posts
msg #73002
- Ignore chetron
modified |
3/21/2009 11:51:11 PM
HOW ABOUT...
average volume max is 100
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FuriousThug
256 posts
msg #73003
- Ignore FuriousThug |
3/22/2009 12:46:18 AM
So the part that's a bit confusing is the setup where MTM refers to:
"what you want on the retracement is for the stock to go to a rsi(2) 15-35% at its bottom"
So you're basically looking for the rsi(2) to reach that range on the retracement and get...what? a daily signal of an increase on rsi(2) from somewhere in that range?
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FuriousThug
256 posts
msg #73004
- Ignore FuriousThug |
3/22/2009 1:06:44 AM
Also, assuming you're buying puts or calls at least two months out from expire (considering you're using the 8-wk volatility as a benchmark for weighing how, how fast, and when the major move will transpire?)
No?
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Eman93
4,750 posts
msg #73013
- Ignore Eman93
modified |
3/22/2009 11:27:48 PM
See if I have this right, this is a pull back filter.
If the stock has run up from 5 to 10 up to 90's and held 98 or higher for 4 days.
Buy on the 15 to 30 pull back...
Is it invalid if it goes below 15?
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