billkjones
3 posts
msg #31776
- Ignore billkjones |
4/16/2004 11:21:05 PM
I have had some great results using the filter:rsi(2)crossed above cma(rsi(2),14)and average volume(30)is above 200000.I want to know how to add a phrase to this filter to limit it to stocks where rsi(2)has been below 2.0 within the last 3 days prior to the crossover.I am fairly new to TA.Any suggestions on this would be greatly appreciated.
|
TheRumpledOne
6,529 posts
msg #31781
- Ignore TheRumpledOne |
4/17/2004 10:40:07 PM
Try this:
MAY ALL YOUR FILLS BE COMPLETE.
I have had some great results using the filter:rsi(2)crossed above cma(rsi(2),14)and average volume(30)is above 200000.I want to know how to add a phrase to this filter to limit it to stocks where rsi(2)has been below 2.0 within the last 3 days prior to the crossover.I am fairly new to TA.Any suggestions on this would be greatly appreciated.
|
TheRumpledOne
6,529 posts
msg #31782
- Ignore TheRumpledOne |
4/17/2004 11:23:46 PM
You know, the funny thing is... you are missing out on the big gains... this filter shows stocks THE DAY AFTER THEY HAVE MOVED!
Buy them when RSI(2) < 2... just wait for them to hold GREEN 20 - 30 minutes after the open, then they should be good to go.
MAY ALL YOUR FILLS BE COMPLETE.
|
billkjones
3 posts
msg #31797
- Ignore billkjones |
4/19/2004 8:57:24 AM
Thank you RumpledOne.Unfortunately,most days don't afford me the luxury of being able to trade "live".I enter most of my trades with limit orders placed pre-opening.I really like using rsi(2)and the crossover has gotten me into some profitable trades.Once again,Thanks.
|
travlr
80 posts
msg #31848
- Ignore travlr |
4/23/2004 8:26:02 AM
What is CMA? Is that an error and supposed to be SMA?
|
billkjones
3 posts
msg #31853
- Ignore billkjones |
4/23/2004 6:27:03 PM
cma=custom moving average.
|
tdavisfn
13 posts
msg #31855
- Ignore tdavisfn |
4/24/2004 10:09:10 AM
RumpledOne, do you filter your filtered results, i.e., let's say the RSI(2) filter (presented above in the previous post) returns 19 stocks, do you perform a quality check or some other final filter to decide between them? Do you stay above, below, or within a price range? TIA
Also, I sent you an IM on a filter challenge I'm having, any ideas would be appreciated but off topic for this forum.
|
TheRumpledOne
6,529 posts
msg #31856
- Ignore TheRumpledOne |
4/24/2004 2:06:39 PM
Quality Check?
There are many things you can do...
I look at the daily chart, checking for things like positive/negative divergence, position in relation to lower LR and BB, volume fluctuations, candle size, ema crossovers, etc...
I check for news.
I trade premarket, so if the stock had news, and starts to take off, I want to be in before the market opens.
Just keep it simple and don't be greedy.
MAY ALL YOUR FILLS BE COMPLETE.
|