jhenninger
63 posts
msg #51009
- Ignore jhenninger |
4/11/2007 8:11:46 AM
I'm working with some very basic RSI scans, and the one I am using right now is:
"Show stocks where RSI(3) is above 95
and Average Volume(30) is above 300000
and close is between 5 and 250"
I occasionally adjust the RSI period and value dependent on overall market conditions. However, I noticed that this scan didn't find GMO because it's 3-period RSI doesn't quite fit the qualifications. I was thinking about adding some sort of volume filter to this that would account for either a single bar volume extreme (say yesterday's volume is 50% greater than the 10 day volume average -- not sure of the correct stockfetcher syntax, or possibly a multiple day volume filter that might look for the 5 day average to be above the 30 day average by 50% or more.
My question is what do you experienced stockfether gurus suggest? And secondly, could anyone help me with the syntax itself? I can easily mess around with the above ideas, but without the syntax my ideas are pretty much useless.
Thanks, I really appreciate it ...
Jon (jmiles301@gmail.com)
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