I have a thought on RSI trading systems
#11
Posted 18 April 2007 - 06:29 AM
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#12
Posted 18 April 2007 - 08:07 AM
Thanks for the info.
So far I have found these systems show oversold or overbought.
But we all know that has limited value.
Redfoliage2:
Roger: Do you must use SharpChart2 to do the overlay of the indicators on each other? Which is a member-only service from StockCharts.com? Thanks.
I assume that free users can overlay indicators on daily charts.
There are 4 selections of where you put the indicator: Above, Below, Behind Price, Behind Indicator.
On the chart above, I selected "Above" for the RSI and selected "2" as the period and green as the color.
Then I selected "Behind Indicator" for the next RSI and selected "3" as the period and red for color.
SC Subscribers can save such chart setups and also apply them to various timeframes and get larger charts.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#13
Posted 18 April 2007 - 08:23 AM
#14
Posted 18 April 2007 - 10:05 AM
Roger, That is just a momentum indicator.....comparing today vs 5 periods ago.....if the up momentum slows down it is a sell......if the momentum slows down on the sell side, it is a buy......Hi airedale.
Thanks for the info.
So far I have found these systems show oversold or overbought.
But we all know that has limited value.
Redfoliage2:Roger: Do you must use SharpChart2 to do the overlay of the indicators on each other? Which is a member-only service from StockCharts.com? Thanks.
I assume that free users can overlay indicators on daily charts.
There are 4 selections of where you put the indicator: Above, Below, Behind Price, Behind Indicator.
On the chart above, I selected "Above" for the RSI and selected "2" as the period and green as the color.
Then I selected "Behind Indicator" for the next RSI and selected "3" as the period and red for color.
SC Subscribers can save such chart setups and also apply them to various timeframes and get larger charts.
#15
Posted 18 April 2007 - 11:29 AM
Hi, Roger: Thanks for your info. You must be a member since non-members can only see 3 selections in the drop-down list where you put the indicator: Above, Below, Behind Price. No Behind Indicator is displayed. I looked into stockcharts.com and it says only SharpCharts2 can do overlaying indicator on another indicator.Hi airedale.
Thanks for the info.
So far I have found these systems show oversold or overbought.
But we all know that has limited value.
Redfoliage2:Roger: Do you must use SharpChart2 to do the overlay of the indicators on each other? Which is a member-only service from StockCharts.com? Thanks.
I assume that free users can overlay indicators on daily charts.
There are 4 selections of where you put the indicator: Above, Below, Behind Price, Behind Indicator.
On the chart above, I selected "Above" for the RSI and selected "2" as the period and green as the color.
Then I selected "Behind Indicator" for the next RSI and selected "3" as the period and red for color.
SC Subscribers can save such chart setups and also apply them to various timeframes and get larger charts.
#16
Posted 18 April 2007 - 06:24 PM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.