StockFetcher Forums · Filter Exchange · XIV/VXX RSI Crossover Filter<< >>Post Follow-up
davesaint86
503 posts
msg #141135
Ignore davesaint86
modified
1/18/2018 1:32:06 PM

The blue vertical bar is the RSI(30). The 0 line is a RSI(30) reading of 50. A reading above the 0 line bove is strength and below is weakness. You will notice that the vertical bars on XIV are above the 0 line and the vertical bars on the VXX are below the 0 line. In an up trending ETF like XIV you would want to see the RSI(30) vertical bars over the 0 line. The RSI(4) and RSI(9) indicators should be above the RSI(30) bar or if there is a cross up in the middle of the RSI(30) bar most likely there is going to be a confirmed buy. Preferably you want to see the RSI(4) cross up over the RSI(9). You can just use the RSI(9) crossing above RSI(30) as a buy also. In a down trending ETF like VXX for a buy signal to trigger you would want the RSI(4) and RSI(9) to go over 0 line and sell when the RSI(4) crosses back under the RSI(9). These will be quick trades most likely because there is no established up trend. I personally use the RSI(4), (9), (30) as a confirmation signal to my other indicators I use. I learned this concept from Marty Chenard from stocktiming.com. He uses the RSI(4) and RSI(9) different then I do however. By the way XIV has an embedded Slo Sto 14,3 reading from December 11 to January 12th. You can be confident that during this time that period was a strong trend and you have stayed in the trade that whole until it lost it's embedded reading.

Fetcher[
apply to symlist(vxx,xiv)


draw Bollinger Bands(18,2)
and draw Slow Stochastic(14,3) Fast %K line at 20.00 and draw Slow Stochastic(14,3) Fast %K line at 80.00
and draw Slow Stochastic(14,3) Fast %K line at 50.00
and draw Slow Stochastic(5,1) Fast %K line at 20.00 and draw Slow Stochastic(5,1) Fast %K line at 80.00 and draw Slow Stochastic(5,1) Fast %K line at 50.00
draw ma(18)


set{CRS1, rsi(4),1)}
set{CRS2, rsi(9),1)}
set{CRS3, rsi(30),1)}
set{CCRS1, CRS1 + CRS2}
set{CCRS2, CCRS1 + CRS3}
set{CCRS3, CCRS2 /3}

set{CRS4, weekly rsi(4),1)}
set{CRS5, weekly rsi(9),1)}
set{CRS6, weekly rsi(30),1)}

set{WCRS1, CRS4 + CRS5}
set{WCRS2, WCRS1 + CRS6}
set{WCRS3, WCRS2 /3}

set{CWRSI1, CCRS3 + WCRS3}
set{C-RSI, CWRSI1 /2}


set{RSI30, RSI(30) - 50}
set{CRSI_Bar, RSI30}
draw CRSI_Bar
PlotType{CRSI_Bar,zerobar}
set{RSI9, RSI(9) - 50}
set{RSI9_line, RSI9}
draw RSI9 on plot CRSI_Bar
set{RSI4, RSI(4) - 50}
set{RSI4_line, RSI4}
draw RSI4 on plot CRSI_Bar

set{drsilong1, count(rsi(30) above 5, 1)}
set{drsilong2, count(rsi(4) above rsi(30), 1)}
set{drsilong3, count(rsi(9) above rsi(30), 1)}
set{drsilong4, drsilong1 + drsilong2}
set{drsilong5, drsilong4 + drsilong3}
set{drsilong, count(drsilong5 equals 3, 1)}
set{drsishort, count(drsilong5 less than 3, 1)}
SET{DRSITRIGGER,0}
draw drsilong on plot
draw drsishort on plot

set{wrsi1, weekly rsi(4)}
set{wrsi2, weekly rsi(30)}
set{wrsi3, count(wrsi1 > wrsi2,1)}

set{wrsilong, count(wrsi3 equals 1, 1)}
set{wrsishort, count(wrsi3 less than 1, 1)}

set{CRS21, ROC(21,1)}
set{CRS63, ROC(63,1)}
set{CRS126, ROC(126,1)}
set{CR1, CRS21 + CRS63}
set{C-RS, CR1 + CRS126}

set{wsto, weekly Slow Stochastics(14,3)}
set{dsto, Slow Stochastics(14,3)}
set{wdsto, wsto + dsto}
set{CSTO, wdsto / 2}


set{TWRSI4, weekly RSI(4)}
set{TWRSI9, weekly RSI(9)}
set{TWRSI30, weekly RSI(30)}
set{TWRSI1, TWRSI4 + TWRSI9}
set{TWRSI2, TWRSI1 + TWRSI30}
set{A-WRSI, TWRSI2 / 3}

set{TDRSI4, RSI(4)}
set{TDRSI9, RSI(9)}
set{TDRSI30, RSI(30)}
set{TDRSI1, TDRSI4 + TDRSI9}
set{TDRSI2, TDRSI1 + TDRSI30}
set{A-DRSI, TDRSI2 / 3}

set{E10, close above Upper Bollinger Bands(18,2)}
set{BBLongposition, count(E10 > 0,1)}
set{BBShortposition, count(E10 < 0,1)}
SET{BBTRIGGER,0}

set{var,ind(^vix,close)}
set{var1,ind(^vxv,close)}
set{ratio,var/var1}

add column separator

add column BBLongposition{BBSell}
add column separator

add column drsilong {DRSI}

add column separator

ADD COLUMN ROC(126,1) {6 mth %}
add column separator
ADD COLUMN ROC(63,1) {3 mth %}
add column separator
ADD COLUMN ROC(21,1) {1 mth %}
add column separator
add column C-RS
add column separator
add column Upper Bollinger Bands(18.2) {Up-BB}
add column separator
add column lower Bollinger Bands(18.2) {Low-BB}
ADD COLUMN SEPARATOR
add column weekly Slow Stochastics(14,3){wSto}
ADD COLUMN SEPARATOR
add column Slow Stochastics(14,3){dSto}
ADD COLUMN SEPARATOR
add column csto
ADD COLUMN SEPARATOR

add column A-DRSI
ADD COLUMN SEPARATOR
add column c-rsi
ADD COLUMN SEPARATOR
add column rsi(4){drsi4}
add column separator
add column rsi(9){drsi9}
add column separator
add column rsi(30){drsi30}
add column separator
add column RSI(2)
add column separator
add column ratio
add column separator
add column atr(21) {Atr}
add column separator
add column average day range (21){ADR%}

do not draw MACD(12,26)
do not drawn line 0
do not draw MA(250)
do not draw MA(50)
do not draw EMA(250)

SORT COLUMN 20 DESCENDING
chart-time is 75 days

]



sammyn
81 posts
msg #141685
Ignore sammyn
2/1/2018 11:55:22 AM

Thanks a bunch for this!

StockFetcher Forums · Filter Exchange · XIV/VXX RSI Crossover Filter<< >>Post Follow-up

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