campbellb75
101 posts
msg #97120
- Ignore campbellb75
modified |
10/20/2010 5:36:30 PM
I'm in the process of trying to develop a filter based on the Bongo indicator described in this article:
http://www.tradingmarkets.com/.site/etfs/how_to/articles/A-Strategy-for-Longer-Term-ETF-Traders-82124.cfm
Here's what I have so far:
I modified the Bongo indicator described in the article so one or both RSI(8) and RSI(14) have to be greater than RSI(19). Where I'm running into some issues is with the weekly Bongo indicator that I tried to add on. As you'll see with GLD, the weekly triggered off and on throughout Sept and Oct. However, the majority of the time it should have been positive. For example, on 10/1 it's not confirming that the 8 and 14 RSIs are greater than the 19 and the close is greater than the MA(9), but it should be confirming that trigger. Any thoughts on where I went wrong in the filter? I'm still learning, so any insight is appreciated.
Thanks.
|