MP:
The whole idea behind the MP RSIWLR FILTER that I wrote was to let the computer indentify stocks where each of the components (Wlliams %R,
Accumulation/distribution, Rsi and Moment - WARM) was at/near the bottom.
You can tweak this filter to find all the stocks that have indicator readings < 10, <5 or , <1. You can use it to find stock where just one or two of the indicators are at the bottom. It is totally flexible. Riggs is saying when ADVAL > 70 and RSVAL, MOVAL and WRVAL < 30 it's time to buy.
Furthermore, I have SF draw the indicators superimposed just like prophet.net.
Then, I took it another step forward and created the ZOOM LENS. Where you can have different time frames of the same indicator in the same chart!
So for example you can look at daily AND weekly in the same chart.
I have no idea where you got the idea that my filter separated anything!!
Think about it, you have to LOOK at a chart to see if all the indicators are at the bottom. The MP RSIWLR filter FINDS the stocks where the indicators ARE AT THE BOTTOM! Let the computer do the work!!
Now all you have to do is pop these stocks into your QT setup. You don't have to look at the prophet charts unless you want to.
I hope that explains it well enough for the non-techies to understand.
Quote:
|
Originally Posted by mp6140 ...
so to finish, i really never understood what was being SCANNED for, and still dont really understand, because what has been changed is to simply make the RSIWLR into seperate indicators that you can scan for, AND THAT IS NOT WHAT THE RSIWLR IS FOR ! ---- IT WORKS BECAUSE THE INDICATORS ARE SUPERIMPOSED, and seperating the indicators is just another chart !
if you have any questions, i would be glad to answer them but the RSIWLR was made to SIMPLIFY for newbs, and not to COMPLICATE the issues with 192 stocks to scan !
mp |