SPY - Criteria for a buy signal. I use the these 3
criteria, all have to be met for a long entry. 1. Close above the 5
day MA, RSI neg then moves into pos territory and last is the ATR
starts to fall. I have circled them all on todays SPY Daily
chart. The ATR has yet to crest and start to decline, and the
5 day MA is struggle here and so far below. So really only
one criteria has been met ( RSI). This is what I use as my
guide for longer term entries. I use the SPY system for a
smaller portion of my portfolio for quick trades.
SPY - Criteria for a
Posted by ssaffer on 3rd of Mar 2020 at 01:48 pm
SPY - Criteria for a buy signal. I use the these 3 criteria, all have to be met for a long entry. 1. Close above the 5 day MA, RSI neg then moves into pos territory and last is the ATR starts to fall. I have circled them all on todays SPY Daily chart. The ATR has yet to crest and start to decline, and the 5 day MA is struggle here and so far below. So really only one criteria has been met ( RSI). This is what I use as my guide for longer term entries. I use the SPY system for a smaller portion of my portfolio for quick trades.
Thank you for sharing ssaffer.
Posted by mundy on 3rd of Mar 2020 at 03:35 pm
Thank you for sharing ssaffer. Have you any performance report figures on that strategy? Interesting nickname you use, could you be from South Africa?