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Exploration - How to ensure RSI(14) go above 70 and go below it to be valid
Rank: Advanced Member
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Joined: 7/1/2007(UTC)
Posts: 33
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Hi,
I want to do a exploration scan of the following.
Condition:
- RSI(14) must cut above 70 and cut below level 70 to be valid
Exception case:
I have this filter but testing show it might not filter out those condition that fulfill above criteria fully. In some case, it go above 70 & go below 30 and go above 30 again, not touching 70.
My filter: ValueWhen( 1, Cross(70,RSI(14)), RSI(14) ) AND RSI(14) <= 70
Please advise how do I filter out exception case in my filter.
Thank you
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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That's the problem with oscillators, you have to find a filter to get rid of the bad signals.
Using a confirmation signal may help.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 7/1/2007(UTC)
Posts: 33
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Hi Johnl
First, thank for your reply.
Could you mind to give some example on how I go about using another filter plus confirmation signal to solve this issue.
Thank you
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
|
A confirmation signal would be something like:
mov(C,20,S)<mov(C,50,S)
It is pretty much hit or miss. Use multiple inner windowa to compare your results.
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Exploration - How to ensure RSI(14) go above 70 and go below it to be valid
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