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Strategies & Market Trends : Metastock 6.0 for Window

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To: shasta23 who wrote (2896)3/8/1999 7:51:00 PM
From: Craig DeHaan   of 4056
 
Stefan,
That looks like the ticket. I ran the original design and realized it was slightly botched per your specs. In order for the short SRSI to be above a value line and not to have crossed below since the longer SRSI fell below it should be revised like this:

Fml("StocRSI(8,5)")>80
AND
Fml("StocRSI(14)")<50
AND
{here's the part that requires 8-5 to never have gone below 80 since 14 went below 50}
BarsSince(Cross(50,Fml("StocRSI(14)")))<
BarsSince(Cross(80,Fml("StocRSI(8,5)")))
AND
BarsSince(Cross(50,Fml("StocRSI(14)")))<= 15 {15=3 weeks, 10=2 weeks}

The charts it first pulled up needed just what you've since added in those pivot conditions; and a declining EMA or price below the EMA would also help finding downtrends for short positions. If you see the shorter SRSI jumping over and under a threshold level then adapt the middle section noted above and it will only be above the threshold since the longer trigger event.

Craig
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