tlane |
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Sunday, May 14, 2006 |
Thursday, January 3, 2013 4:15:56 PM |
42 [0.01% of all post / 0.01 posts per day] |
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Thank You !
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BARC1169 I would be interested in hearing more about how you are using the 11 ma and the 5 ROC for timing your entries
Thanks...Terry
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QUOTE (Barc1169) I think there may be some confusion surrounding RSI vs. Wilder's RSI. If you are referring to the 2 Day RSI that people are talking about as a change from the traditional 14 day RSI then what they are actually referring to is is Wilder's RSI.
The simple way to do this is to create a PCF using the RSI in the formula builder. RSI2.1 > 98 ( I use 98 because it has a better chance of being down 5 days later) I then create an Easy Scan using this formula as well as other criteria like Price Per Share > $5.00 and Volume 90 Day (value 3000+). Using RSI2.1 > 98 returns tons of stocks simply because this formula is actually incorrect because without Wilder's smoothing stocks tend to = RSI 100 all the time.
SO.... Once I have created my Easy Scan I then add an indicator to my chart , THe indicator is WIlder's RSI 2 day avg 1 with "Use Wilder's Smoothing" Checked. I run my easy scan then I sort based on the Indicator Wilder's RSI (using Visual Value or Actual value) this will give you the sort values = to the RSI value. Sorted from highest to lowest the top values should be the ones closer to the 95-99 range.
I also plot an 11 day moving average as a product of Wilder's and then a 5 day ROC as a product of the 11 day moving average this shows some interesting entry points. Be careful with 2 Day RSI because I have been using it and it is awesome but it cost me because you need to enter at the right time and many a time RSI 2 can reach 95 and continue to inch up all the way to 99.99 over the next 5-7 days WHILE the stock moves up. The 11 day MAVG and 5 day ROC show me the entry points. If you need more info here is my email address (email removed by moderator)
BARC1169 I would be interested in hearing more about how you are using the 11 ma and the 5 ROC for timing your entries
Thanks...Terry
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I am trying to show a 2 period smoothed RSI..but in telechart settings it not only shows the period but also and avg..can anyone tell me what the setting on average would be to get the 2 period smoothed RSI..
THanks
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I seem to have lost the use of my F keys for bringing up my chart templates..have rebooted to no avail..any thoughts
Thanks
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Thanks !
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Could you tell me how to bring up the component stocks of an index ?
Thanks
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Can anyone help with a PCF to find stocks with a rising 13 week EMA
Thanks
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Thank You..greatly appreciated
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Thanks ...Graetly appreciated
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