Thread: MP...question on your 9/29 update to the RSIWLR
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Old Sat, 02-04-2006, 12:23 PM   #27 (permalink)
mp6140
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MP -- STOCKFETCHER SCANS AND RSIWLR
Quote:
Originally Posted by cruz
i used this link - http://www.stockfetcher.com/stockdb/...046&start= 60

the code posted 1/30/2006 12:54:52 PM. i tweaked it to add multiple tsf 5, 9, 15, and 50

i could copy and paste my version here. do you want it?
===================================

as i posted, please understand that the RSIWLR is a way to ANALYZE a stocks oversold or overbought condition (or, actually, anyplace in between).

In and of itself, IT IS NOT A SCAN --- those scans come from others and may or may not work well, so youre on your own with them. Personally, i dont understand them one bit, because WHAT are they scanning for since the analyzer itself is just a way of using technical analysis without knowing tech analysis at all !!!!!

certainly post your scan, as i would be interested in seeing what comes up. I presume it would look for oversold stocks that are bottoming, which you then check with the RSIWLR, as the analyzer is just a simple guage of what a stock is doing at any moment in time !

thnx

mp
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