push5280
197 posts
msg #130917
- Ignore push5280
modified |
9/6/2016 8:03:52 PM
http://jayonthemarkets.com/2015/03/23/rsi-everything-part-1/
http://jayonthemarkets.com/2015/03/24/rsi-everything-part-2/
http://jayonthemarkets.com/2015/04/22/rsi-everything-calculations/
Fetcher[
/* RSI Everything Indicator by Jay Kaeppel */
/* There are four different indicators that are created then averaged together */
/* Each of the indicators is tagged seperately */
/* RSIALL adds the 2,3 and day RSI values and the devides them by 3 */
set{1a, RSI(2) + RSI(3)}
set{1b, 1a + RSI(4)}
set{RSIALL, 1b / 3}
/* RSIROC: calculate the 3-day change in the standard 3-day RSI value and add it to (the current 3-day RSI minus 50). RSIROC is a 2-day exponential average of that value. */
set{2a, RSI(3) 3 days ago - RSI(3)}
set{2b, RSI(3) - 50}
set{2c, 2a + 2b}
set{RSIROC, CEMA(2c,2)}
/* RSIq2: calculate the 3-day change in the standard 14-day RSI value and subtract it from (14-day RSI minus 50). RSIROC14 is a 2-day exponential average of that value. Add (14-day RSI minus 50) to RSIROC14 and multiply by 2 to get current RSIq2 value.*/
set{3a, RSI(14) 3 days ago - RSI(14)}
set{3b, RSI(14) - 50}
set{3c, 3b - 3a}
set{RSIROC14, CEMA(3c,2)}
set{3d, 3b + RSIROC14}
set{RSIq2, 3d * 2}
/* Indicator #4 is Tom Demark Range Expansion Index */
/* TDREI(period) */
set{ind4, TDREI(5)}
/* TD Everything: Add the four indicator values together and divide by 4, 50 is subtracted from RSIAll here to make 0 neutral as with the other indicators. RSIEverything is (((RSIAll-50) +RSIROC +RSIq2 +TDREI) / 4) */
set{5a, RSIALL -50}
set{5b, 5a + RSIROC}
set{5c, 5b + RSIq2}
set{5d, 5c + ind4}
set{RSIeverything, 5d / 4}
/*my indicators*/
set{myrange, high 52 week high / low 52 week low}
close > 1
average volume(90) > 250,000
myrange > 2
do not draw myrange
draw ma(126)
draw ma(63)
draw RSIeverything line at -64
draw RSIeverything line at -32
draw RSIeverything line at 0
draw RSIeverything line at 32
draw RSIeverything line at 64
draw RSI(2) line at 10
draw RSI(2) line at 90
draw CCI(4) line at 0
draw CCI(4) line at 130
draw CCI(4) line at -130
add column myrange
add column RSIALL
sort by column five descending
chart-time is 6 months]
|
compound_gains
221 posts
msg #130922
- Ignore compound_gains |
9/7/2016 9:17:44 AM
Notes:
*This method is probably best used with sector ETFs and index ETFs rather than with individual stocks – but traders are encouraged to experiment.
The Setup
At the end of the current week:
The 5-week simple moving average is above the 55-week exponential moving average.
RSI Everything registers a weekly close of -32 or below.
The Trigger
Buy shares or the ETF (or stock) in question when it hits the previous week’s high price plus $0.02 per share.
The Exit
Close the trade at a profit on the first profitable weekly close.
Close the trade at a loss if price falls $0.02 or more below the previous week’s two week low.
Close the trade – whether at a profit or a loss – if the 5-week simple moving average closes below the 55-week exponential moving average.
More Notes
*A trader might also consider using a hard percentage of trading capital stop to cut a loss rather than waiting for the two week low to be hit.
*It may take a few weeks after the initial setup before price actually triggers an entry signal by taking out the previous week’s high.
|
compound_gains
221 posts
msg #130926
- Ignore compound_gains
modified |
9/7/2016 10:38:26 AM
Couple of calculation errors...RSIROC and RSIq2
Fetcher[
/* RSI Everything Indicator by Jay Kaeppel */
/* There are four different indicators that are created then averaged together */
/* Each of the indicators is tagged seperately */
/* RSIALL adds the 2,3 and 4 day RSI values and then devides them by 3 */
set{1a, RSI(2) + RSI(3)}
set{1b, 1a + RSI(4)}
set{RSIALL, 1b / 3}
/* RSIROC: calculate the 3-day change in the standard 3-day RSI value and add it to (the current 3-day RSI minus 50). RSIROC is a 2-day exponential average of that value. */
set{2a, RSI(3) - RSI(3) 3 days ago} /*VARIABLES NEEDED TO BE FLIPPED*/
set{2b, RSI(3) - 50}
set{2c, 2a + 2b}
set{RSIROC, CEMA(2c,2)}
/* RSIq2: calculate the 3-day change in the standard 14-day RSI value and subtract it from (14-day RSI minus 50). RSIROC14 is a 2-day exponential average of that value. Add (14-day RSI minus 50) to RSIROC14 and multiply by 2 to get current RSIq2 value.*/
set{3a, RSI(14) - RSI(14) 3 days ago} /*VARIABLES NEEDED TO BE FLIPPED*/
set{3b, RSI(14) - 50}
set{3c, 3b - 3a}
set{RSIROC14, CEMA(3c,2)}
set{3d, 3b + RSIROC14}
set{RSIq2, 3d * 2}
/* Indicator #4 is Tom Demark Range Expansion Index */
/* TDREI(period) */
set{ind4, TDREI(5)}
/* TD Everything: Add the four indicator values together and divide by 4, 50 is subtracted from RSIAll here to make 0 neutral as with the other indicators. RSIEverything is (((RSIAll-50) +RSIROC +RSIq2 +TDREI) / 4) */
set{5a, RSIALL -50}
set{5b, 5a + RSIROC}
set{5c, 5b + RSIq2}
set{5d, 5c + ind4}
set{RSIeverything, 5d / 4}
/*my indicators*/
set{myrange, high 52 week high / low 52 week low}
close > 1
average volume(90) > 250,000
myrange > 2
weekly ma(5) above weekly ema(55) */*********/
rsieverything below -31.99 */*********/
etf */*********/
do not draw myrange
draw ma(126)
draw ma(63)
draw RSIeverything line at -64
draw RSIeverything line at -32
draw RSIeverything line at 0
draw RSIeverything line at 32
draw RSIeverything line at 64
draw RSI(2) line at 10
draw RSI(2) line at 90
draw CCI(4) line at 0
draw CCI(4) line at 130
draw CCI(4) line at -130
add column myrange
add column RSIALL
add column rsieverything
set{entry, high 5 day high + .02}
draw price line at entry on plot price
sort by column five descending
chart-time is 6 months]
|
push5280
197 posts
msg #130941
- Ignore push5280 |
9/7/2016 3:00:22 PM
Compound_gains good eye, thanks for the corrections
|