StockFetcher Forums · Filter Exchange · RSI Divergence - Help Please << >>Post Follow-up
gvinvest
6 posts
msg #54612
Ignore gvinvest
9/6/2007 7:54:55 PM

I am looking for RSI divergence signal filter. TheRumpledOne posted one recently. However I cannot use the filter as it says I need advanced subscription. Can someone pl come up with a filter which can work with Basic subscription.

GV

gvinvest
6 posts
msg #54613
Ignore gvinvest
9/6/2007 7:56:13 PM

This is the RSI Divergence which does NOT work with BASIC subscription.- FYI

TheRumpledOne 8/22/2007 7:47:37 PM

Fetcher[
/* Positive Divergence 2 - 5 days*/

set{nd2,count(close below close 2 days ago,1) * count(rsi(2) above rsi(2) 2 days ago,1)}}

set{nd3,count(close below close 3 days ago,1) * count(rsi(2) above rsi(2) 3 days ago,1)}

set{nd4,count(close below close 4 days ago,1) * count(rsi(2) above rsi(2) 4 days ago,1)}

set{nd5,count(close below close 5 days ago,1) * count(rsi(2) above rsi(2) 5 days ago,1) }

Set{n1, nd5 * 1}
Set{n2, nd4 * 10}
Set{n3, nd3 * 100}
Set{n4, nd2 * 1000}

Set{na, n1 + n2}
Set{nb, n3 + n4}
Set{PD2345, na + nb}

/* POSDIV is the number of times there was a 2, 3, 4 or 5 day positive divergence during the past 10 days */

set{POSDIV, count(PD2345 above 0, 10)}

/* PDDAYS is the number of days since there hasn't been a 2, 3, 4 or 5 day positive divergence */

set{PDDAYS, days(PD2345 EQUAL 0, 100)}

close above .01
volume above 300000

rsi(2) below rsi(2) 1 day ago

PD2345 above 0

sort column 5 descending

market is nasdaq
]

karennma
7,994 posts
msg #54616
Ignore karennma
9/6/2007 10:20:33 PM

GVinvest:
If making a million dollars was the difference between paying \$8.00 per month vs. \$16.00 per month for an advanced subscription, would you be willing to spend the Xtra \$8.00 per month?
:>)

jrbikes
624 posts
msg #54618
Ignore jrbikes
9/6/2007 11:23:02 PM

Boohyaaa!

 corsino259 postsmsg #54619- Ignore corsinomodified 9/6/2007 11:56:39 PMYou might play around with a simple slope divergence: Fetcher[15 day slope of close below 0 and 15 day slope of rsi(2) above 1 and close between 1 and 10 and not otcbb and average volume (90) above 100000 ]
maxreturn
745 posts
msg #54627
Ignore maxreturn
modified
9/7/2007 8:51:43 AM

I'm not a big believer in such short term divergences but here's one you may want to consider. This filter monitors 10 day divergences. Just change the # of days to experiment:

Fetcher[rsi(2) above rsi(2) 1 day ago
rsi(2) 1 day ago below 25
set{x, count(low 1 day ago reached a new 10 day low,1)}
set{y, count(low reached a new 10 day low,1)}
set{mv, x + y}
mv above 0 and do not draw mv
count(rsi(2) 1 day ago reached a new 10 day low,1) equals 0
average volume(65) above 500000
]

Cheers
Max

gvinvest
6 posts
msg #54634
Ignore gvinvest
9/7/2007 10:51:15 PM

Thanks....

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