Kaylexa
11 posts
msg #99665
- Ignore Kaylexa |
3/15/2011 12:03:22 AM
Hello,
I've been trying to think of how to write some filter code to convey this thought:
Price is making a new 2-day low
RSI(5) is NOT making a new 2-day low
In other words, there is some short-term divergence between price and RSI(5).
Some other notes:
* I use daily charts, and I want to run this filter each day about an hour before the market close.
* For RSI(5), I don't just use the "close" to calculate my RSI reading. I use "(close + close + close + High + Low)/5"
This may or may not make any difference when drafting the StockFetcher code.
* Once I get some good working code, I also want to do the same thing for a new 3-day low, new 4-day low, and new 5-day low (not just a 2-day low).
* The main "guts" to this idea is the price and RSI(5) relationship. But a few other parameters I will also include in the filter are:
price is between 3 and 75
Average Volume(90) is above 100000
RSI(5) is between 0 and 50
price is above EMA(200)
Any help will be much appreciated. I love using StockFetcher and I enjoy trying to craft the right code. But I just can't get my mind to work for this one.
Thank you,
Kaylexa
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TheRumpledOne
6,529 posts
msg #99685
- Ignore TheRumpledOne |
3/15/2011 4:12:41 PM
Price is making a new 2-day low
RSI(5) is NOT making a new 2-day low
See if that's in the ballpark.
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TheRumpledOne
6,529 posts
msg #99686
- Ignore TheRumpledOne |
3/15/2011 4:13:15 PM
You may want to search for some of my divergence filters.
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Kaylexa
11 posts
msg #99694
- Ignore Kaylexa |
3/16/2011 12:20:37 AM
TheRumpledOne,
Thank you very much. You made my day.
Yes, I will most certainly search for some of your divergence filters.
Kaylexa
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wwells
3 posts
msg #99739
- Ignore wwells |
3/17/2011 4:17:35 PM
I have been trying to use a formula offered by the stockfetcher helpers, to filter for the divergence of price and volume. Unfortunately, it does not work. Where do you enter the code you are describing. All I have seen in the guide and examples are phrases. Appreciate any help.
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four
5,087 posts
msg #99740
- Ignore four |
3/17/2011 4:27:24 PM
try this link for ideas ...
http://forums.stockfetcher.com/sfforums/?q=view&fid=1002&tid=95355&qrid=&isiframe=
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