StockFetcher Forums · Filter Exchange · FAST%K - AGAIN | << 1 2 3 4 5 ... 6 >>Post Follow-up |
wallman 299 posts msg #49169 - Ignore wallman |
1/12/2007 7:26:30 AM I'll start a new thread here because the discussion i'm replying to regards Corsino's reply regarding RSI(2)and the original poster is asking about RSI(2)so they can keep it on topic there. But I have to reply to this and it involves the Fast%k(14) below 10. "I see no reason why it has to be RSI(2)<1. It could be RSI(2)< 0.5 or any number less than 1 if you wish to reduce the number of stocks. Also, lowering the number may improve the results." Corsino,you have to understand I've been trading realtime the RSI(2)for a few years now after being told about it by TRO.So I believe I know the ins and outs of it very well. Reducing the RSI(2) to below 0.5 is throwing tons of winners out that are between 0.50 and 1 In fact using RSI(2)only below 1 is also throwing tons out also. This is no disrespect to TRO.He and I are very good friends and he knows how I feel about this. My belief is the Fastk14 below 10 catches way more big gainers than using RSI(2). Look at this filter: Use the 3 day offset here and you see 7 double digit gainers TELK LNX FMDAD (93%) DSTI (33%) JAVO FICC Only FICC was under 0.50 and TELK at RSI(2)50 LNX 2 FMDAD 1.50 DSTI 1.19 were over RSI(2)1 Muddy |
||
TheRumpledOne 6,371 posts msg #49173 - Ignore TheRumpledOne |
1/12/2007 9:05:56 AM Just remember that StockHolyGrail is the one who taught me RSI(2) < 1. Credit goes to him for that indicator setting. I just created the filters. Trading's not about indicators or filters - it's about making money. A trader must find and do WHAT WORKS for them. |
||
sadelb 12 posts msg #49200 - Ignore sadelb |
1/12/2007 8:17:47 PM This filter looks great but what do you look for in the chart to determine what stocks to buy. Could somebody help me out with chart settings to find the right stocks to buy when they show up. Also, what is the best stock chart website to use to set the settings. I remember TRO had a great thread about the settings on prophet.net for RSI(2) < 1. Thanks in advance. Ben |
||
corsino 259 posts msg #49208 - Ignore corsino |
1/12/2007 10:08:50 PM My suggestion to lower the Rsi(2) was in response to a question on how to reduce the number of stocks from a RSI(2) scan.Obviously, any reduction of the list, by adding more criteria to the filter is going to throw out some potential winners.Who knows for certain which are going to be winners? Not I. |
||
corsino 259 posts msg #49209 - Ignore corsino |
1/12/2007 10:15:40 PM I should add that MARY4MONEY some time ago suggested lowering RSI(2) to 0.1, and backtests, FWIW,seem to indicate that results do improve with lower RSI(2). |
||
corsino 259 posts msg #49210 - Ignore corsino |
1/12/2007 10:35:32 PM Wallman I'm not detracting from your fast %K filter. It is a great filter. In fact, stochastics is probably my favorite indicator, although I may use differement parameters. |
||
slotmarket 59 posts msg #49212 - Ignore slotmarket |
1/12/2007 11:21:46 PM Muddy, Your filter generated 46 stocks three days ago. How does one keep an eye on all 46 so to catch the 6 double digit gainers? Do you have a method to narrow down the number? You're so talented you probably did watch all 46 and caught the big gainers. The rest of us mere mortals are not quite as talented as you. But I'm very willing to learn, so, impart some wisdom here, please. |
||
corsino 259 posts msg #49216 - Ignore corsino |
1/13/2007 12:09:03 AM Wallman I know you have generated several filters, all great. Do you consider this filter your best? If not, which one ? |
||
| |||
wallman 299 posts msg #49220 - Ignore wallman |
1/13/2007 1:24:11 AM "I know you have generated several filters, all great. Do you consider this filter your best? If not, which one ?" The fast%k for it's value for swing trades by far. The squeeze/volume increase/price breakout (sq/vol/br)for the way it gives awesome "3 play" setups. From the sq/vol/br filter you get: Flag pattern setups,UBB Zone (ema13/sma20 or ema5 if you wish) pullbacks,and MOMO ON GREEN. And I have to add the NO FILTER. For daytrading and occasional overnight holds for the gap up on open for those who can watch during trading hours. The scrolling HOD list WITH vol % increase. |
StockFetcher Forums · Filter Exchange · FAST%K - AGAIN | << 1 2 3 4 5 ... 6 >>Post Follow-up |
Copyright 2022 - Vestyl Software L.L.C.•Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data
Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus