Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/18/2007(UTC)
Posts: 99
Location: sydney australia
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I've been trying to write an exploration for when there is an accelerated rise out of Oversold (RSI<30)
the idea being that a few days after first breakout you get confirmation that it's for real & not a flash in the pan
but it didn't work so I simplified it to where a 5-year old would understand it, & that worked ok. the moral as I see it, keep it simple or the Explorer gets confused!
anyway, this is the formula, straight into Filter:
(VOLUME>(Mov(VOLUME,50,S)))
AND CLOSE>(Ref(CLOSE,-1))
AND CLOSE>Mov(CLOSE,5,S)
AND Alert((RSI(10)<30),5)
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