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RSI(3) Ranking System

by Dave W., 4155 days ago
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This ranking system based on RSI(3). The value of RSI(3) is subtracted from 100 so that lower RSI(3) values are given a higher ranking.

Larry Connors' has published some good, quantitative work showing short-term RSI() values (e.g., RSI 2, 3, 4) are good predictors of a stocks performance over the following several days. You can validate this for yourself using this ranking system.

See the image here: http://goo.gl/qoXzZ

The image, generated with the QS Ranking System Analyzer, shows the most favorable RSI(3) levels (shown at the far right of the graphic) are clearly associated with higher 1 day returns.

You can read more about short-term RSI indicators in this book (well worth the $9.99 they charge for the Kindle version):
Short Term Trading Strategies That Work by Cesar Alvarez
Link: http://amzn.com/B007RSLN7M


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Type: Ranking System

Object ID: 1321


Country:
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Market: Stock Market

Style:
Technical Analysis

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