Sqwii
160 posts
msg #76197
- Ignore Sqwii |
7/9/2009 2:16:10 PM
Here is a quite nice and SIMPLE filter, which works wonders imo
price is below 10
price is above 0.1
RSI(2) crossed above 20
RSI(14) is below 30
This is a kind of a bottom filter, which should find a stock on the bottom ready to move up.
Simple and nice.
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chetron
2,817 posts
msg #76198
- Ignore chetron |
7/9/2009 2:40:24 PM
CLICKABLE.....
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johnpaulca
12,036 posts
msg #76201
- Ignore johnpaulca |
7/9/2009 3:39:11 PM
How could you tell it's at the bottom and ready to move up???
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Sqwii
160 posts
msg #76235
- Ignore Sqwii |
7/10/2009 4:31:06 AM
john, no filter can tell you its at bottom, but its very realistics, because when RSI(14) is below 30 its marked as oversold
Anothing thing is when RSI(2) made a cross up its a sign that its beginning to move up.
There should be a nice spike in the price when RSI(14) cross above 30, and that could occur.
Just use it when you think markets turns around then you could find very very cheap stocks which can run a lot.
IMO the stocks which have been smacked down mostly on a downtrend market is the stocks which is going up most on a uptrend market
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johnpaulca
12,036 posts
msg #76247
- Ignore johnpaulca |
7/10/2009 8:39:49 AM
Thanks Sqwii
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billrider321
70 posts
msg #76311
- Ignore billrider321 |
7/10/2009 8:31:04 PM
how about this
price is below 100
price is above 0.1
RSI(2) crossed above 20
RSI(14) is below 30
and close > open
and close > High one day ago
and Average Volume(30) > 300000
looks much better for longer hold
whats the deal with selecting stocks below 10.
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