use the 4 hour 2 period rsi> this will pick every top and bottom> topa are usauall 90-99% and bottoms <10%>graph>the last 5 tops have been 91-98% and the last 5 bottoms 1-7% http://screencast.com/t/6TdyYCG71vXI
here is my back testing using the weekly rsi-2 bottom on 10-3-2011 on all thr long ets> erformance results for your filter covering the dates: Monday October 3, 2011 to Friday November 18, 2011
Change Offset << Week · Day Previous Next Day · Week >> Results For Next... Overall Adv(%) Dec(%) Adv vs Dec Unch IXIC(%) DJIA(%) 1 Day +2.00% 155 (+3.17%) 55 (-1.30%)
0 +2.95% +0.00% 2 Days +4.26% 185 (+4.93%) 24 (-0.78%)
1 +5.34% +0.00% 3 Days +6.97% 200 (+7.33%) 7 (-0.32%)
3 +7.32% +0.00% 4 Days +5.61% 196 (+6.06%) 12 (-0.89%)
2 +15.50% +0.00% Current +12.27% 198 (+13.15%) 11 (-2.29%)
short etfs going down>erformance results for your filter covering the dates: Monday October 3, 2011 to Friday November 18, 2011
Change Offset << Week · Day Previous Next Day · Week >> Results For Next... Overall Adv(%) Dec(%) Adv vs Dec Unch IXIC(%) DJIA(%) 1 Day -4.97% 1 (+6.87%) 14 (-5.81%)
0 +2.95% +0.00% 2 Days -8.16% 0 (n/a) 15 (-8.16%)
0 +5.34% +0.00% 3 Days -12.15% 0 (n/a) 15 (-12.15%)
0 +7.32% +0.00% 4 Days -10.08% 0 (n/a) 15 (-10.08%)
0 +15.50% +0.00% Current -23.98% 0 (n/a) 15 (-23.98%)
0 +10.13% +0.00% 15 matching stocks here are the long etfs if you said weekly rsi(2) below 10 after 1 month you had 145 winners and 1 loser>
Performance results for your filter covering the dates: Monday October 3, 2011 to Friday November 18, 2011
Change Offset << Week · Day Previous Next Day · Week >> Results For Next... Overall Adv(%) Dec(%) Adv vs Dec Unch IXIC(%) DJIA(%) 1 Day +1.86% 105 (+3.14%) 42 (-1.34%)
0 +2.95% +0.00% 2 Days +4.13% 126 (+4.95%) 20 (-0.77%)
1 +5.34% +0.00% 3 Days +6.87% 139 (+7.27%) 6 (-0.29%)
2 +7.32% +0.00% 4 Days +5.52% 137 (+5.98%) 9 (-0.84%)
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