SurfnDestiny
78 posts
msg #40077
- Ignore SurfnDestiny |
1/10/2006 6:24:16 AM
The Key is to look at the charting of the RSI(5) and Demarker(7) signals. When both are on the bottom line of the chart, a reversal will soon occur in price. It may be for one day, or for a multiple day trend. RSI(5) is most important. Make sure it touches the bottom chart line.
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JohnyYuma
60 posts
msg #40088
- Ignore JohnyYuma |
1/10/2006 1:40:15 PM
what exactly you mean by "When both are on the bottom line of the chart"
Sorry for being ignorant
Thanks
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SurfnDestiny
78 posts
msg #40099
- Ignore SurfnDestiny |
1/10/2006 4:28:31 PM
Run the filter, and go look at the chart for the stocks that it picks. you will see the demarker line touching the 0 value line. This has to be so, because of the command of values less than .000001. You also are looking for the RSI(5) line to be touching the 0 value line. But in practical terms RSI(5) rarely will ever equal 0, or below 1. Thats why the filter has an RSI(5) value of 8 or less. But eyeballing the chart you want to look for RSI(5) to look like its touching the 0 line. If any daylight exists between the 0 line and the RSI(5) line, then you probably want to avoid buying in just yet, or until the lines converge, even though RSI(5) is not at 0.
If you run the filter and then add an offset days command at the beginning, then vary the number of days of the offset, this in effect is a way to backtest any filter for performance. You can see with your own eyes as you look at the charts, and change the days value, how any filter`s picks perform. This filter is for generally a short term reversal. Maybe only a 1 day bounce. A good rule of thumb is to set your chart length for 3 months, to look over the performance.
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JohnyYuma
60 posts
msg #40104
- Ignore JohnyYuma |
1/10/2006 6:09:15 PM
SurfnDestiny
Thanks
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SurfnDestiny
78 posts
msg #47056
- Ignore SurfnDestiny |
9/19/2006 12:33:44 PM
I`ve made some slight changes to bring in more hits
Show stocks where volume is > 40000
DeMarker(7) crossed below .1
and rsi(5) < 6
add column rsi(5)
add column demarker(7)
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SurfnDestiny
78 posts
msg #47580
- Ignore SurfnDestiny
modified |
10/24/2006 6:17:14 PM
I eliminated the cross below on the demarker signal
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