StockFetcher Forums · General Discussion · Filter code help - using RSI << >>Post Follow-up
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

TheRumpledOne
6,364 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

Fetcher[

set{LOW2, count(low equal low 2 day low,1)}
set{RSI5, count(rsi(5) above rsi(5) 2 day low, 1)}

LOW2 ABOVE 0
RSI5 ABOVE 0

Close above 20
avg volume(90) above 1000000
]

See if that's in the ballpark.

TheRumpledOne
6,364 posts
msg #99686
Ignore TheRumpledOne
3/15/2011 4:13:15 PM

You may want to search for some of my divergence filters.

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

 wwells3 postsmsg #99739- Ignore wwells 3/17/2011 4:17:35 PMI 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.
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=

 StockFetcher Forums · General Discussion · Filter code help - using RSI << >>Post Follow-up

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