RSI PCF's

RSI3.3 helps greatly (cpratsch)

but, of course, is not fool-proved.

I have a success ratio of about 75%. That means that if the RSI3.3 is going up and RSI3.3 is below, say, 55, on the next day the stock will go up in price in about 75% of the cases.

In about 25% of MY examples the stocks go down for no visible reason. This may just be the case in general. I am testing to see how many stocks turn back up after this one or two day dip, IF they maintain all other indicators in the GOOD category (vol, MACD, BOP, TSV).

When the market turns up into a definite trend we will have better luck, of course. Now, with the up and down, one has to be quick or out of the market.

Just watch the cycle frequency in days (from low to low or from high to high) on the RSI3.3 curve if you have RSI3.3 on a tab, and play this also visually. I do this and have good success in that I do not suffer losses or, better, price dips for more than 2 days: When RSI turns over after 3-5 days up I sell. This is stock specific and varies by days.

NeuroCat(ejr39)

Recently, I began reading SI's TA - Beginner's thread and realized that most of the DNS could be programmed in TC2000 version 4; so now, for Chande's Stochastic RSI: StochRSI = (RSI - RSIL)/(RSIH -RSIL) where RSIL and RSIH are the lowest and highest values of the RSI over a given period. In his book he uses 14 periods.

In TC2000, the translation for StocRSI is:

((RSI14 - MIN(RSI14,14)) / (MAX(RSI14,14) - MIN(RSI14,14)) * 100)

As you know, Catlady, TC2000 doesn't have charting capabilities for the StocRSI; the StochRSI > 30 is simple:

((RSI14 - MIN(RSI14,14)) / (MAX(RSI14,14) - MIN(RSI14,14)) * 100) > 30

But how is the direction of the indicator determined (using only TC2000) - would

((RSI14 - MIN(RSI14,8)) / (MAX(RSI14,8) - MIN(RSI14,8)) * 100) > ((RSI14 - MIN(RSI14,14)) /

(MAX(RSI14,14) - MIN(RSI14,14)) * 100)

work?

Thanks, Catlady!

Home made PCF(cpratsch)

(RSI21.5 < 50) and (RSI21.5.3 < RSI21.5.)

This gives you a RSI21.5 curve that has gone up during the last three days and today sits on or above the middle(0-)line With RSI21.5 etc. I look at an evaluation scheme or set of scans that evaluate the health of an up-going stock, not of a turn-around situation.

1)The RSI21.5 is just the trend background. All stocks that I hold or buy are above the middle line with RSI21.5, all stocks that I sell have gone below the middle line. RSI21.5 gives signals at the same places in time as MACD 12-26-9, this is how I selected RSI21.5.

2) I then take RSI9.3 and have it go up for 2-3 days and be above the middle (0-) line "(RSI9.3 > 50) and (RSI9.3.2 < RSI9.3)". This is similar in time to stoc14.4. RSI9.3. better be above the middle line, and be going up.

3) I then look at RSI3.3 to select the day, and www.decisionpoint.com to pick the hour.

4) I never have nor will and I have never said that I would use JUST RSI21.5 as trading signal.

5) This whole approach is not different from any other that uses a long-time and a short-time signal (two stochastics, MACD and short stochastics etc). All of these approaches are valid ones.

6) When I look for a turn around situation I use stoc23.4 or stoc41.4 and let them turn around below and above the 20% line ("(STOC41.2 < 20) and (STOC41.5.1 > 20) and (STOC41.5.1 < STOC41.5)". This is another set of scans.

7) A rising RSI21.5 below the middle line is a sign of coming wealth for me, but I act only when RSI21.5 goes over the middle line. At this time the MACD goes over its (0-)line he MAs12 and 26 cross and go up). Same problem: Does one buy when the MACD turns up (when the MAs 12 and 26 are still falling but are coming closer), or when MACD goes through the 0-line,that is when MA 12 and 26 cross each other?

Philosophies-strategies-assurance-risk.

Just look at charts and see where RSI21.5 sits when what occurs to the stock. I developed these ideas from looking at charts.

cpratsch(space is money)

I see what you mean about prices moving through 12 day moving average. Very significant with rolling stocks. Thanks! Can't use it with RSI3.3 though, they are mostly out of synch. I had good luck last night finding stocks with RSI up after 2 days down and RSI below 30: (RSI3.3 > RSI3.3.1) and (RSI3.3.1 < RSI3.3.2) and (RSI3.3.2 < RSI3.3.3) and (RSI3.3 < 30), and upbeat TSV and RSI21.5. But I found this morning that more than half were already up a point or more before I even logged on. Guess I have to get in at the open instead of waiting an hour or so.

Don't give up(cpratsch)

too early on RSI3.3. Use it for entry and exit. A longer indicator (like your RSI13) should be up already, the short RSI3.3or, yet better for me, RSI21.5 RSI3.3 thus gives the immediate signal. Don't buy when RSI is ready to turn back down, but when it is turning up or is in a lower portion of an upward leg. So, both long and short indicator work together. And then, there are exceptions to everything. Look at CPQ and MO.

cpratsch, RSI3.3 works great(cpratsch)

The only but major problem here is that you have fixed the turn-up of RSI3 so that YESTERDAY it is up over 3 days ago; that means it will turn down soon again if the RSI3.3 cycle has 4-6 days up and 4-6 days down, apparently a common incidence. I am using RSI3.3 three days down and one day up (RSI3.3.3 < RSI3.3.2) and (RSI3.3.2 < RSI3.3.1) and (RSI3.3.1 < RSI3.3)and (RSI3.3 < 55). Each stock and each time has its own RSI3.3 cycle lenght!!!