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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (73183)	3/24/2001 11:46:57 AM
From: JustTradeEm	Read Replies (1) \| Respond to of 99985

Does this silly system ever produce a sell signal? Silly ?? Yes, I've observed sell signals. What's your system Mish ?? Why don't you share your quantitative analysis of Haim's system with us ?? You've obviously tracked the signals .... performed analysis on their results .... so on and so forth ... I'd be interested in your analysis. JB

To: mishedlo who wrote (73183)	3/24/2001 12:02:59 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Since most stocks were very oversold on the daily charts, the Wilder RSI's are predominantly in the oversold area and most signals produced will be "buy" signals. You would need a scan of hourly or shorter charts to produce sell signals using the same indicator.

To: mishedlo who wrote (73183)	3/24/2001 3:13:11 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

M, first this is only one list click on the link and see several lists including equivolume for example. Further the program is set to certain parameters which relate to 21EMA, RSI, Stoch, and Rate of Change. I never pretended that one should make an investment decision based on this scan but may on SI find it helpful. Haim BTW, That is the program you are invited to improve it. #index 'SPX' #MAX_QUOTES 150 #OUTPUT_FILE 'RSISTO.LST N' if quote_count < 65 then return; if first_ticker then begin writeln ('Analysis of end of Day Closing prices and recommendations in'); writeln ('the US Stock Market, or the Den of Thieves & Swindlers'); writeln (' '); writeln ('This is the most effective list, but validate signals. Results'); writeln ('are relative to the SPX and move relative to the SPX - Haim'); writeln ('see more data & info including stock charts from this scan at:'); writeln ('http://home.nyc.rr.com/ramkorolland/Commentary/scan.htm '); writeln ('and also see Today Charts who are updated every several days '); writeln (' '); writeln ('Today is ' ,date,' Remember this is a computer scan only'); writeln (' '); writeln ('S&P Closed ',index,); writeln('S&P Change ',(index-index[-1])); writeln('P/C Ratio VXN'); writeln('Recomandation Price Stoch. RSI RSI RS'); writeln(' Change ROC%'); writeln(' '); end; RS : ARRAY; { Relative Strength Array} OFS : ARRAY; { Initial Offset array} rsroc: array; rsi_array : array; rsi13: array; rsich: array; stoch_array : array; stoch_array = stoch(14,3); RS=mulby(div(C,index),100); set(OFS,RS[1]); RS=SUB(RS,OFS); rsroc=ROC(RS,5,'%'); rsi_array=RSI(14); rsi13=MOV(rsi_array,13,'E'); rsidif: array; rsidif=SUB(rsi_array,rsi13); d3_array : array; d3_array = mov(stoch_array,3,'E'); ma_array = mov(c,21,'E'); rsich = rsi_array[0]-rsi_array[-1] if d3_array[-1] <= 25 AND stoch_array[-1] < d3_array[-1] AND stoch_array > d3_array AND C < ma_array AND rsroc>(-1) AND rsidif> (-10) THEN WRITELN(' BUY SIGNAL ON ',TICKER , C,' ',stoch_array,' ',int(rsi_array), ' ',int(rsich),' ',int(rsroc)); if d3_array[-1] >= 77 AND stoch_array[-1] > d3_array[-1] AND stoch_array < d3_array AND C > ma_array AND rsroc< 1 AND rsidif< 10 THEN WRITELN('SELL SIGNAL ON ',TICKER , C,' ',stoch_array,' ',int(rsi_array),' ',int(rsich),' ',int(rsroc)); end;