SRSI with slope prediction values sorted in the screener
Slope prediction accuracy for the 5 next days
Last slope direction
SRSI
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The Special Smoothed Relative Strength Index is an enhanced RSI (Relative Strength Index).
An extra smoothing technique is used to make the oscillator more predictable for future price movements.
The indicator excels in following applications:
l Predictions of direction for short to medium price trends l Overbought and oversold indications l Momentum measurement
The trader can directly read the current outputs of the indicator as text. No analysis needs to be done to interpret the indicators outputs.
The slope prediction accuracy is measured and displayed to the user. The 5 day prediction accuracies for certain trading issues tops over 60% (out of sample result).
Definition
A X day Wilder's RSI is defined as WRSIX (I) = 100 - (100 / (1 + Sum Up / Sum Down)).
Where
Sum Up is the sum of daily price increases in the X day period. Sum Down is the sum of daily price decreases in the period.
General Trading Rules:
Rule 1
Overbought/Oversold: If WRSIX > 70, some traders consider it overbought, bearish and Short signal. If WRSIX < 30, some traders consider it oversold, bullish and Long signal.
Rule 2
Divergence: When stock price moves up but WRSIX falls, bearish and short signal. If stock price goes down but WRSIX rises, bullish and long signal.
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Ticker |
Date |
Price |
Volume |
SRSI |
SRSI Slope |
SRSI Slope Prediction Accuracy % |
|
^SSEC |
2008-02-29 |
4348.54 |
47800 |
22 |
Up |
63 |
|
GLD |
2008-02-29 |
96.18 |
9347800 |
95 |
Up |
61 |
|
^KS11 |
2008-02-29 |
1711.62 |
315800 |
93 |
Up |
60 |
|
CIBN.VX |
2008-02-29 |
41.98 |
638900 |
52 |
Down |
59 |
|
KO |
2008-02-29 |
58.46 |
7983700 |
51 |
Up |
59 |
|
NOVN.VX |
2008-02-29 |
51.45 |
18089400 |
32 |
Down |
58 |
|
FCBP |
2008-02-29 |
28.5 |
501100 |
4 |
Down |
57 |
|
C |
2008-02-29 |
23.71 |
99976700 |
15 |
Down |
57 |
|
ABX |
2008-02-29 |
51.95 |
8991100 |
87 |
Up |
57 |
|
AEM |
2008-02-29 |
68.8 |
2334000 |
93 |
Up |
57 |
|
GG |
2008-02-29 |
43.21 |
9027100 |
100 |
Up |
57 |
|
GLG |
2008-02-29 |
13.01 |
1052700 |
92 |
Up |
56 |
|
ROG.VX |
2008-02-29 |
204.9 |
2668800 |
86 |
Down |
56 |
|
EDE |
2008-02-29 |
20.51 |
210500 |
9 |
Down |
55 |
|
CAG |
2008-02-29 |
22.1 |
2794200 |
90 |
Down |
55 |