contrahawk
68 posts
msg #60393
- Ignore contrahawk
modified |
3/11/2008 3:22:14 PM
I keep stats on RIMM. I am not conversant with this filter of The Rumpled One's.
Here are some facts about RIMM:
Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.
On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.
The average amount by which that high exceeded the [prior day's] close was $2.73.
Can you make any money knowing this?
Jim
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welliott111
98 posts
msg #60395
- Ignore welliott111 |
3/11/2008 3:51:35 PM
cmeade2
Many thanks for for sharing your filter. I've been attempting something similar to this for a while now. I foresee this being a huge weapon in many arsenals. Thanks again dude !!!
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klynn55
747 posts
msg #60399
- Ignore klynn55 |
3/11/2008 5:09:02 PM
Con: did you say intraday, i thought the filter was for EOD, was that inferred or explained somewhere? thats a hell of an inference! Does stockfetcher use intraday data?
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contrahawk
68 posts
msg #60403
- Ignore contrahawk |
3/11/2008 10:05:43 PM
I said "intraday". . . .I also said that I had no familiarity with the filter written by The Rumpled One. . . .I note, though, that HE says it provides the day trader and short swing trader with an edge. . . .any time one has OHLC data, two of those are intraday.
Jim
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klynn55
747 posts
msg #60407
- Ignore klynn55 |
3/12/2008 10:07:19 AM
Here are some facts about RIMM:
Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.
On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.
The average amount by which that high exceeded the [prior day's] close was $2.73.
Contra; how about posting that scan/ filter, see how easy it is to be appreciated, all you have to do is be lucid.
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klynn55
747 posts
msg #60408
- Ignore klynn55 |
3/12/2008 10:35:21 AM
chetron; could you please define your columns and the purpose of each, thank you! your filter of 3/11/2008, that is. i wonder how many here are like me, an amateur who wants to learn and so is confused by terms such as POPCOUNT?
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chetron
2,817 posts
msg #60413
- Ignore chetron |
3/12/2008 11:52:58 AM
sorry klynn,
that's cmeade2 filter. i just make them clickable.
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cmeade2
9 posts
msg #60415
- Ignore cmeade2 |
3/12/2008 12:10:49 PM
popcount= # of times in past 100 days the stock price "popped" above the open to the predetermined level when rsi(2) fell below the threshold value on the previous day (3% above the open for rsi(2) below 10 in the previous posted version)
rs100= total # of times in past 100 days rsi(2) fell below the threshold value for a particular stock
successratio= the ratio of the above. It tells you what fraction of the time the stock "popped" when it reached the rsi(2) threshold
hi100= today's difference between the high and the open in %
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contrahawk
68 posts
msg #60416
- Ignore contrahawk |
3/12/2008 1:02:58 PM
No, I have an Excel database not a "scan" or "filter". However, if you set up a SF watchlist "RinMotion" with the one stock, RIMM, in it and use the following filter
you can check it out a day at a time.
Jim
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cmeade2
9 posts
msg #60417
- Ignore cmeade2 |
3/12/2008 1:23:57 PM
Contrahawk
There are two potential areas for disagreement
1) Stockfetcher only lets you look at the statistics for the past 100 days (hint hint, it would be great if they would increase this parameter). It's possible for Rimm that the behavior in this period is different from the record over the past 2-3 years.
2) You are talking about the difference between the close and the next day's high. The filter I posted looked at the difference between the open and the high. For some people, this is better approach, because you don't have the risk of holding the stock over night.
Making a few changes to the filter to reflect your strategy, I see that if you buy Rimm at the close when rsi(2) falls below 10, the next day's high will be at least 2% greater, 85% of the time.
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