OSI and OBI

[TSOKAKIS]

are oversold issues/overbought issues for a market, under any o/s or o/b criteria.
If we consider, for example, RSI(14)>65 as an o/b criterion, then we may count in daily basis how many stocks fill the criterion and create a new function, the RSI overbought issues [similar to AdvIssues] or, in brief, the RSIobi.
The RSIobi for the N100 market never exceeded 50 the last years.
[the green line in the att. gif]
A value above 45 is equivalent to a strong Sell suggestion.
Enjoy the last 6 Sell signals.
The March24 peak was dramatic : The RSIobi dropped from 48.5 to 5.9 !!!
Dimitris Tsokakis
Reference:
http://www.amibroker.com/library/detail.php?id=179

 

[TSOKAKIS]

The StochD overbought issues or, in brief, StochDobi, is the population of the stocks with their StochD()>70.
They are easily defined when you run the
/*STOCHD OSI OBI*/
s1=StochD(14);
os=s1<=30;
ob=s1>70;
values11 = os>0;
values12= ob>0;
AddToComposite(Values11,"~stochdosi","V");
AddToComposite(Values12,"~stochdobi","V");
Buy=0;

Enjoy the 12 profit taking points for the N100 market the last 2 years scanning with

Ob= Foreign("~stochdobi","V");
Sell=Ref(Ob,-1)>70 AND Ref(Ob,-1)==HHV(Ob,3);

It would be better to take some profits when the signals appear and I hope you agree.

 

[TSOKAKIS]

Quote from TSOKAKIS:

are oversold issues/overbought issues for a market, under any o/s or o/b criteria.
If we consider, for example, RSI(14)>65 as an o/b criterion, then we may count in daily basis how many stocks fill the criterion and create a new function, the RSI overbought issues [similar to AdvIssues] or, in brief, the RSIobi.
The RSIobi for the N100 market never exceeded 50 the last years.
[the green line in the att. gif]
A value above 45 is equivalent to a strong Sell suggestion.
Enjoy the last 6 Sell signals.
The March24 peak was dramatic : The RSIobi dropped from 48.5 to 5.9 !!!
Dimitris Tsokakis
Reference:
http://www.amibroker.com/library/detail.php?id=179

You may add the 7th sell signal of Tue, May6 close.
RSOobi was at 49.5 and stopped there.
The signal anicipated the May7 situation : RSIobi dropped to 34.6 and the N100 market direcionality was 97% !!
Only 3 stocks were higher. The rest 97 were lower, up to -12%.
13/100 stocks lost more than -5%.
In one single day, clearly anticipated by RSIobi, one of the most safe signal generators in the N100 market.