graftonian
1,089 posts
msg #147204
- Ignore graftonian |
4/5/2019 11:10:25 AM
I am looking for a short term momentum indicator (4 or 5 days). Anyone have a favorite?
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Mactheriverrat
3,156 posts
msg #147206
- Ignore Mactheriverrat |
4/5/2019 11:39:09 AM
Some use RSI(2) when crossing the 30.00 line from below and selling when RSI when it drops back below 70.00 from above.
Some use RSI(2) for extreme highs to short say like RSI(2) is at 99.64.
Draw RSI(2) line at 30.00
Draw RSI(2) line at 70.00
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Mactheriverrat
3,156 posts
msg #147207
- Ignore Mactheriverrat |
4/5/2019 11:41:20 AM
You might search RSI(2) on SF as posters of the past have used it with some good success.
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graftonian
1,089 posts
msg #147213
- Ignore graftonian |
4/5/2019 1:22:29 PM
Mac, Thanx, will check that out. I will post a filter "H50 + momentum".
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KSK8
561 posts
msg #147216
- Ignore KSK8 |
4/5/2019 1:38:48 PM
I 100% agree with Mac. Besides linear regression, I'd say the RSI(2) is the most powerful short term indicator. Undeniably it is one of the most effective, especially for short selling.
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Village Elder
231 posts
msg #147218
- Ignore Village Elder |
4/5/2019 2:21:05 PM
My favorite is the ROC(5,1) - look for movements of 50-100% up and take a short position for the retracement. GLTY
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