MACDONALD
18 posts
msg #98616
- Ignore MACDONALD |
1/17/2011 12:36:28 PM
I need help trying to make a "bear filter" counterpart of the following filter.
The original filter is posted over on the Public Filter thread.
I am not really computer lterate when it comes to writing code, or even understanding it.
I am not really sure what parameters this filters produces, let alone how it does it.
Maybe that is why I have an ex-wife?
Any help is greatly appreciated!
thnx
Macdonald
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jimvin
173 posts
msg #98619
- Ignore jimvin |
1/17/2011 3:34:38 PM
Dude, could you be a little more specific in your definition of "bear"? A low RSI pretty much identifies a stock that's going down, and if you run the filter today (based on Fridfay's market data) all the picks are down in price. That's pretty "bearish." What did you have in mind?
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mahkoh
1,065 posts
msg #98620
- Ignore mahkoh
modified |
1/17/2011 4:14:43 PM
As I see it the filter above looks for stocks that are short term oversold (rsi < 10) and which have been up over 5 % three times or more during the last 20 trading days. The opposite would be down 5 % three times or more during this period and overbought.
Personally I wouldn't rush into shorting everything this filter comes up with.
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jimvin
173 posts
msg #98621
- Ignore jimvin |
1/17/2011 4:24:06 PM
So "bullish" performance (actual) is actually "bearish" performance (projected); interesting interpretation...and quite probably true.
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