The following items make up the filter component of my Sell Short Order method, which is filtered with MetaStock and is currently in the development stage:
1. MACD had been below 0 for four days
Ref(MACD()<0,-4)
2. The 14 day RSI has been below 50 for four days
Ref(RSI(C, 14) < 50,-4)
3. Today’s MACD is below 0 and lower than yesterdays MACD
MACD() < (Ref(MACD(),-1)) AND MACD()<0
4. The 14 day RSI is lower than yesterday’s average
RSI(C, 14) < (Ref(RSI(C, 14),-1))
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