StockFetcher Forums · Public Filter List · Investor's Business Daily (IBD) Relative Strength (RS) Indicator and modification<< >>Post Follow-up
LadyRed
3 posts
msg #127337
Ignore LadyRed
modified
2/18/2016 7:58:59 AM

An exact replica of IBD's famous indicator.

Fetcher[apply to symlist(HII)
set{RSRaw, Close/Ind(^SPX,Close)}
set{RSHigh250, RSRaw 250 day high}
set{RSLow250, RSRaw 250 day low}
set{RSRange250, RSHigh250 - RSLow250}
set{RSValue250, RSRaw - RSLow250}
set{RS250, RSValue250 / RSRange250}
set{RSHigh60, RSRaw 60 day high}
set{RSLow60, RSRaw 60 day low}
set{RSRange60, RSHigh60 - RSLow60}
set{RSValue60, RSRaw - RSLow60}
set{RS60, RSValue60 / RSRange60}
set{RSAverage, RS60 + RS250}
set{RS, RSAverage/2}
draw RS
]



LadyRed
3 posts
msg #127385
Ignore LadyRed
modified
2/21/2016 6:27:45 PM

Find stocks with strongest RS

Fetcher[set{RS, Close/Ind(^SPX,Close)}
RS reached 250 day high in the last 20 days
chart-time is 1 year
chart-type is OHLC
Draw MA(200)
Draw MA(50)
]



Find stocks with weakest RS

Fetcher[set{RS, Close/Ind(^SPX,Close)}
RS reached 250 day low in the last 20 days
chart-time is 1 year
chart-type is OHLC
Draw MA(200)
Draw MA(50)
]



novacane32000
331 posts
msg #127433
Ignore novacane32000
2/26/2016 7:22:52 PM

How would you trade these filters?

lynchpin
1 posts
msg #127904
Ignore lynchpin
4/8/2016 9:10:06 PM

Bullish Reversals:

Fetcher[set{RS, Close/Ind(^SPX,Close)}
RS reached 60 day high in the last 20 days
Indposition(RS,250) has been below 0.62 in the last 60 days
chart-time is 1 year
chart-type is OHLC
Draw MA(200)
Draw MA(50)
Do not draw Indposition(RS,250)
]



Bearish Reversals:

Fetcher[set{RS, Close/Ind(^SPX,Close)}
RS reached 60 day low in the last 20 days
Indposition(RS,250) has been above 0.38 in the last 60 days
chart-time is 1 year
chart-type is OHLC
Draw MA(200)
Draw MA(50)
Do not draw Indposition(RS,250)
apply to watchlist(SampleList)
]



richardschabacker
1 posts
msg #128605
Ignore richardschabacker
modified
5/20/2016 9:37:01 PM

Great filter! I combine it with my own Volatility Contraction indicator:

set{RS, Close/Ind(^SPX,Close)}
CMA(ADX(14),10) is decreasing for 20 days
indposition(RS,61) is above 0.75
Date offset is 0
Do not draw CMA(ADX(14),10)
Do not draw ADX(14)
Do not draw indposition(RS,61)
Draw RS
Apply to watchlist(samplelist)

Fetcher[set{RS, Close/Ind(^SPX,Close)}
CMA(ADX(14),10) is decreasing for 20 days
indposition(RS,61) is above 0.75
Date offset is 0
Do not draw CMA(ADX(14),10)
Do not draw ADX(14)
Do not draw indposition(RS,61)
Draw RS
]



Maggie
1 posts
msg #128814
Ignore Maggie
5/28/2016 7:54:39 PM

Here is a bearish one:

Fetcher[set{RS, Close/Ind(^SPX,Close)}
CMA(ADX(14),10) is decreasing for 20 days
indposition(RS,61) is below 0.25
Date offset is 0
Do not draw CMA(ADX(14),10)
Do not draw ADX(14)
Do not draw indposition(RS,61)
Draw RS
]



StockFetcher Forums · Public Filter List · Investor's Business Daily (IBD) Relative Strength (RS) Indicator and modification<< >>Post Follow-up

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