japanguy
2 posts
msg #45196
- Ignore japanguy |
6/23/2006 8:09:02 AM
I am trying to make a filter that will look for stocks that gapped down recently and are likely to bounce back. I have noticed that most of the stocks where the RSI(15) goes below 40 but doesn't cross below 30 are more likely to bounce back. So far I have this filter.
Show stocks where Close dropped more than 20 percent over the last 2 days
Show stocks where volume gained more than 50 percent over the last 3
days
Show stocks where RSI(15) crossed below 40.00 within the last 3 days
and Average Volume(90) is above 100000
and close is between .05 and 100
Anyone have any advice on making it a little better.
Japanguy
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TheRumpledOne
6,529 posts
msg #45214
- Ignore TheRumpledOne |
6/23/2006 6:20:46 PM
I just wrote a gap display a couple of weeks ago!
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Railwhore
69 posts
msg #45303
- Ignore Railwhore |
6/26/2006 10:08:25 PM
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japanguy
2 posts
msg #45517
- Ignore japanguy |
7/7/2006 10:52:51 AM
I still don't have it quite right but here is my latest filter. I am still new at this so I would love any critics.
Show stocks where Close dropped more than 18 percent over the last 3 days
RSI(2) decreasing 3 days
Show stocks where RSI(15) crossed below 34.00 within the last 3 days
Show stocks where RSI(15) was above 27.00 within the last 2 days
and average volume(90) was up over 50 percent over the last 1 days
and Average Volume(90) is above 100000
and close is between .05 and 40
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