I haven't tried this new tool but after reading and searching this site on muddy method I ask:
- A search on muddy method didn't find a discussion as detailed as can be found on MP's method, or maybe one isn't needed; reversal from previous high?
- I feel that an automated RSIWLR tool like this shareware tool or a script that runs at stockfetcher, locally via Amibroker/WealthLab that can save alot of time too. It would be really great if it could sort the RSIWLR charts by all criteria starting to bounce of their simultaneous lows (the RSIWLR buy trigger). ??
Clarifying: I did see a script for stockfecher or some place in the tutorial, but it runs one stock at a time. This tool scans the whole market and picks out best candidates base on the muddy trading system. I'm wondering if it makes sense to do the same based on RSIWLR? How about just scanning my watch list in near real time with sorted best plays at the top?
LOL!! Next you'll wonder if I'll ask if the profits could just be deposited to my account automatically too?
)
Thanks to all for great contributions and helps!
curt