StockFetcher Forums · Filter Exchange · THEE ABSOLUTE ((( BOTTOM ))) FILTER!<< 1 2 3 4 5 ... 18 >>Post Follow-up
WALLSTREETGENIUS
983 posts
msg #65633
- Ignore WALLSTREETGENIUS
modified		 7/31/2008 12:13:48 PM

As you already know, I have an uncanny way of finding extreme bottoms & tops on charts. I've already proven that RSI(2) on a daily chart is inferior to my WILLIAMS %R(2), and if you've missed any of that, I strongly encourage you to read about it because your future entries and exits will NEVER be the same!

Now that we know RSI(2) is obsolete, and my Billy(2) is your gateway to profits...I thought it was time to share my most powerful rock bottom filter. Avery (TRO) just the other day took a cheap shot at me about using RSI(2) on my charts as a weekly scan, by saying something like...

" I'm glad you see the light on RSI(2)! "

I had to laugh, because I knew I hadn't released this bit of information yet. So if you now think that my Williams %R(2) is superior over RSI(2) on daily charts, just wait till you see how powerful Billy(2) is over RSI(2) on WEEKLY charts! I welcome you to look at all the charts you can drum up and look for Weekly Williams(2) increasing, while the RSI(2) is falling, or hugging that zero line.

Now, there will be a select few that don't pop, but the ones that don't are the one's that are too early. Meaning, make sure your Stochastics(5,3), COG(5,3), or what ever oscillator you use is BELOW it's lower reference point (below "0" or 25). That's the difference maker! Also, just wait till you see what happens on your HOURLY charts when these two diverge from one another. It's truely amazing! At times on your hourly charts you'll see the opposite happen with RSI going up while Billy is declining. It doesn't happen often, but it works the same way when it's at the bottom of a chart. But at the top of charts we already know that's an early warning to get out of a stock.

If RSI(2) is that "little indicator that could"...then, Williams(2) is the "BIG ENGINE THAT DID!"

Just look at the performance(far right of dashboard)of the last 3-days!...
you won't believe your eyes!!!

NOTE: Many of the weekly scans of WRSI(2) are going up,
but if you look at your regular platform charts, it is falling.
Don't know why SF does this, but it still works out great!


((( THEMIGHTYRIGGS ABSOLUTE BOTTOM FILTER )))

Fetcher[Weekly Williams %R(2) is above Weekly Williams %R(2)
1-day ago and Weekly Williams %R(2) is below Weekly %R(2) 2-day
ago and Weekly RSI(2) is below Weekly RSI(2) 1-day ago

Draw Bollinger bands(50,.20)
Draw Bollinger Bands(10,.10)
Draw 3-day slope of Bollinger bands(50,.20)
Draw parabolic Sar
Draw Linear Regression Indicator(20)
Draw Bollinger bands(10)

Draw COG(5,3)
Draw Weekly RSI(2) line at 99
Draw Weekly RSI(2) line at 0
Draw FI(2) line at 0

NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

NORMALIZE RSI(2) */

set{RSval, INDPOSITION(RSI(2), 60) * 100}

NORMALIZE williams %r(2) */

set{wrval, INDPOSITION(williams %r(2), 60) * 100 }


DRAW THE MR CCIWLR CHART

and draw adval on plot wrval
and draw rsval on plot wrval

Draw Bearpower on plot Bullpower
Draw Bullpower line at 0
Draw MACD(4,8)
Draw VMACDD line at 0
Draw Williams %R(20) line at 0
Draw Williams %R(20) line at -75

volume is above 100000
sort column 29 descending
chart-time 45-days
close is above 10
offset 3

set{WRSb,days(weekly RSI(2) is above weekly RSI(2) 1 day ago,100)}
set{WRSa,days(weekly RSI(2) is below weekly RSI(2) 1 day ago,100)}
set{WRSxWRS, WRSa - WRSb}
set{WWLb,days(weekly williams %R(2) is above weekly Williams %R(2) 1 day ago,100)}
set{WWLa,days(weekly Williams %R(2) is below weekly Williams %R(2) 1 day ago,100)}
set{WWLxWWL, WWLa - WWLb}

Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}

set{RSb,days(RSI(2) is above RSI(2) 1 day ago,100)}
set{RSa,days(RSI(2) is below RSI(2) 1 day ago,100)}
set{RSxRS, RSa - RSb}
set{WLb,days(Williams %R(2) is above Williams %R(2)
1 day ago,100)}
set{WLa,days(Williams %R(2) is below Williams %R(2)
1 day ago,100)}
set{WLxWL, WLa - WLb}

SET{VMACDD,MACD(4,8) histogram}
set{mhis,indposition(macd(4,8) histogram,60)}
set{mhist,macd(4,8) histogram}
set{mhisb,days(mhist is above 0, 100)}
set{mhisa,days(mhist is below 0, 100)}
set{hstxhst, mhisa - mhisb}
set{var1,count(macd(4,8) histogram 1 day ago < macd histogram(4,8),1)}
set{mhisp,days(var1 < .5,100)}
set{var11,count(macd(4,8) histogram 1 day ago > macd histogram(4,8),1)}
set{mhisn,days(var11 < .5,100)}

ADD COLUMN SEPARATOR
add column industry
ADD COLUMN SEPARATOR
add column adval
ADD COLUMN SEPARATOR
add column WRSXWRS
add column WWLXWWL
add column weekly RSI(2)
add column weekly Williams %R(2)
ADD COLUMN SEPARATOR
add column RSXRS
add column WLXWL
ADD COLUMN SEPARATOR
add column BLxBL
add column BRxBR
ADD COLUMN SEPARATOR
add column mhisp
add column mhisn
add column hstxhst
ADD COLUMN SEPARATOR
add column PE
add column EPS
add column ROE
ADD COLUMN SEPARATOR]






- WALLSTREETGENIUS -






WALLSTREETGENIUS
983 posts
msg #65635
- Ignore WALLSTREETGENIUS		 7/31/2008 12:39:51 PM

You'll notice the few that show a negative performance either have already had their run in the 3-days, or they aren't actuall diverging set-ups to begin with. I see a few of them with BILLY(2) falling on a regular platform chart. Just make sure you check YOUR charts along with SF's scan.



RIGGS
TheRumpledOne
6,411 posts
msg #65638
- Ignore TheRumpledOne		 7/31/2008 2:54:07 PM

That wasn't even a "shot" Riggs.

A little sensitive, are we?

Besides, it doesn't matter what filter or indicator you use...

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
dwiggains
444 posts
msg #65639
- Ignore dwiggains		 7/31/2008 2:57:46 PM

Hi Riggs
I have been checking out your Weekly Williams filter. Looks good. I have been having trouble with this one. Do you see what I did wrong???

Weekly Williams %R(2) is above Weekly Williams %R(2) 1-day ago and
Weekly Williams %R(2) 1 day ago is below Weekly Williams %R(2) 2-day ago and
close > 2 and average volume (90) > 900,000

I am trying to find the day the weekly filter turns up.

The first line of the filter works fine. The second line does not???
Thanks
See ya
David



WALLSTREETGENIUS
983 posts
msg #65640
- Ignore WALLSTREETGENIUS
modified		 7/31/2008 3:28:26 PM

That wasn't even a "shot" Riggs.

A little sensitive, are we?
_____________

Me "sensitive?"...LOL..yeah, that'll be the day.

I've noticed you have not commented on
my findings of RSI(2) as of late Avery. Care to
comment there Rumpledone?...I'm sure
EVERYONE would love to hear you debate
this now.....


- WALLSTREETGENIUS -
WALLSTREETGENIUS
983 posts
msg #65641
- Ignore WALLSTREETGENIUS
modified		 7/31/2008 3:36:37 PM

Dave, be careful on the 1st leg of Billy. It Usually (not always) takes the
2nd leg against RSI to find the "absolute bottom."

Here's your filter...

Fetcher[Weekly Williams %R(2) is above Weekly Williams %R(2)
1-day ago and Weekly Williams %R(2) is below Weekly Williams %R(2)
2-day ago and close > 2 and average volume (90) > 900,000]




RIGGS


dwiggains
444 posts
msg #65643
- Ignore dwiggains		 7/31/2008 4:01:15 PM

Hi Riggs
Your filter is doing the same as mine. Notice that the first 2 your filter pulls up is --- SPY ---- and ---- WM ----. These 2 bottom 4 days ago not 1 day ago. I am not sure why this happens.

Thanks again
See ya
David
WALLSTREETGENIUS
983 posts
msg #65644
- Ignore WALLSTREETGENIUS		 7/31/2008 4:36:55 PM

Dave -

I'm fighting with this very thing on another bottom filter of mine. The important thing to know is that this software is not a perfect science...but you've gotta admit...SF is damn close! This might be a good candidate for "tomb." to tackle with. Let's see...


- RIGGS -
arby347
87 posts
msg #65650
- Ignore arby347		 7/31/2008 6:37:43 PM

RIGGS, to change the subject a little:
The Linear Regression (20) indicator observations you made coincides within 3-4 bars from many other things people are posting on these threads. For example Mary4 Moneys post regarding the expected reversals of qqqq and qid.
Have you written any filters to use the indicator? Thx
chetron
2,817 posts
msg #65652
- Ignore chetron
modified		 7/31/2008 7:09:56 PM

the debugged version.....


added a forgotten "williams"
removed a couple "line feed" characters. be sure not to hit the "return" key in the middle of a condition line.
added a few "/*" that were missing.
this removed 66 percent of the results i got. is this still valid, genius?

the debug tab is awesome. great enhancement, SF!!!!!!!!!!

Fetcher[

/* ((( THEMIGHTYRIGGS ABSOLUTE BOTTOM FILTER ))) */

Weekly Williams %R(2) is above Weekly Williams %R(2) 1-day ago
and Weekly Williams %R(2) is below Weekly williams %R(2) 2-day ago
and Weekly RSI(2) is below Weekly RSI(2) 1-day ago

Draw Bollinger bands(50,.20)
Draw Bollinger Bands(10,.10)
Draw 3-day slope of Bollinger bands(50,.20)
Draw parabolic Sar
Draw Linear Regression Indicator(20)
Draw Bollinger bands(10)

Draw COG(5,3)
Draw Weekly RSI(2) line at 99
Draw Weekly RSI(2) line at 0
Draw FI(2) line at 0

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(2) */

set{RSval, INDPOSITION(RSI(2), 60) * 100}

/* NORMALIZE williams %r(2) */

set{wrval, INDPOSITION(williams %r(2), 60) * 100 }


/* DRAW THE MR CCIWLR CHART */

and draw adval on plot wrval
and draw rsval on plot wrval

Draw Bearpower on plot Bullpower
Draw Bullpower line at 0
Draw MACD(4,8)
Draw VMACDD line at 0
Draw Williams %R(20) line at 0
Draw Williams %R(20) line at -75

volume is above 100000
sort column 29 descending
chart-time 45-days
close is above 10
offset 3

set{WRSb,days(weekly RSI(2) is above weekly RSI(2) 1 day ago,100)}
set{WRSa,days(weekly RSI(2) is below weekly RSI(2) 1 day ago,100)}
set{WRSxWRS, WRSa - WRSb}
set{WWLb,days(weekly williams %R(2) is above weekly Williams %R(2) 1 day ago,100)}
set{WWLa,days(weekly Williams %R(2) is below weekly Williams %R(2) 1 day ago,100)}
set{WWLxWWL, WWLa - WWLb}

Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}

set{RSb,days(RSI(2) is above RSI(2) 1 day ago,100)}
set{RSa,days(RSI(2) is below RSI(2) 1 day ago,100)}
set{RSxRS, RSa - RSb}
set{WLb,days(Williams %R(2) is above Williams %R(2) 1 day ago,100)}
set{WLa,days(Williams %R(2) is below Williams %R(2) 1 day ago,100)}
set{WLxWL, WLa - WLb}

SET{VMACDD,MACD(4,8) histogram}
set{mhis,indposition(macd(4,8) histogram,60)}
set{mhist,macd(4,8) histogram}
set{mhisb,days(mhist is above 0, 100)}
set{mhisa,days(mhist is below 0, 100)}
set{hstxhst, mhisa - mhisb}
set{var1,count(macd(4,8) histogram 1 day ago < macd histogram(4,8),1)}
set{mhisp,days(var1 < .5,100)}
set{var11,count(macd(4,8) histogram 1 day ago > macd histogram(4,8),1)}
set{mhisn,days(var11 < .5,100)}

ADD COLUMN SEPARATOR
add column industry
ADD COLUMN SEPARATOR
add column adval
ADD COLUMN SEPARATOR
add column WRSXWRS
add column WWLXWWL
add column weekly RSI(2)
add column weekly Williams %R(2)
ADD COLUMN SEPARATOR
add column RSXRS
add column WLXWL
ADD COLUMN SEPARATOR
add column BLxBL
add column BRxBR
ADD COLUMN SEPARATOR
add column mhisp
add column mhisn
add column hstxhst
ADD COLUMN SEPARATOR
add column PE
add column EPS
add column ROE
ADD COLUMN SEPARATOR

]
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