| StockFetcher Forums · General Discussion · Bear Flag or Higher Trough? Which is better? | << >>Post Follow-up |
| snappyfrog 749 posts msg #160236 - Ignore snappyfrog modified |
4/2/2023 1:49:07 PM I have been looking at Detrended Price Oscillator and RSI(10). Both give similar looks, but some difference on divergence. I have a scan with various setups all using the common low 5 day low. Would it be better to scan for a Bear Flag or a higher trough after the low 5 day low? Most stocks will make this pullback after coming off of a major downtrend. After the bear flag, normally there is a good run. Any insights or coding on finding the higher trough after the low 5 day low is appreciated. 
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| xarlor 619 posts msg #160237 - Ignore xarlor |
4/2/2023 5:49:48 PM I can't answer your question without seeing more examples of the overall strategy. However, here is my 15-minute work effort to identify a RSI(10) double trough whilst increasing. It triggers ANET on 01/23/23. |
| snappyfrog 749 posts msg #160238 - Ignore snappyfrog |
4/2/2023 8:55:18 PM From your scan, I added the low 5 day low to make the bottom more visible. Red arrows point to significant 2nd troughs.    |
| StockFetcher Forums · General Discussion · Bear Flag or Higher Trough? Which is better? | << >>Post Follow-up |