Basics of RSI Relative Strength Index

Basic video explaining and testing Relative Strength Index (RSI) on some popular stocks such as: Apple, Google, Nvidia, Boeing, Alibaba, Tesla, Amazon and more...



Comments

Post a Comment

Popular posts from this blog

Noise Test

Image
First, let’s talk about overfitting and what it is. I will simply define it as fitting a function or model to data so well that the function or model is not generalizable and cannot/will not work on another data set. In trading terms, it is designing a strategy that trades historical data so well that it will surely fail on new data . Build Alpha :  The first and most obvious test to prevent curve fitting is out of sample testing. In other posts I’ve described this, but in short, it is simply withholding a portion of your data to “validate” the strategy. For example, you have 10 years worth of data and you designate the first or last 30% to be out of sample. You build your model on the remaining seven years of data and then validate it on the withheld 30% or out of sample data. However, and for various reasons, this might not be enough to prevent against curve fitting. There are two parts to the underlying data: the signal and the noise. It is often said that when something i...
Read more

Downloading Custom Data for Build Alpha using Python

Image
Happy Friday! For this Free Friday edition, I am going to do something new. I am going to make this slightly educational and give away some code. I get tons of questions every week, but they mainly fall into two categories. The first question is in regards to adding custom data to Build Alpha . You can add intraday data, weekly data, custom bar type data, sentiment data, or even simple single stock data. The second question is in regards to using or learning Python. In this post, I will attempt to “kill two birds with one stone” and show a simple Python code to download stock data from the Yahoo Finance API. In fact, we will use Python to pull and save data ready formatted for Build Alpha for all 30 Dow stocks in less than 30 seconds. You can view the entire script later in this code or in the video below. The first few lines are simple to import statements pulling public code that we can reuse including the popular pandas library. import pandas ...
Read more

Trading Trends with Build Alpha

Image
Trading is basically buying and selling of things to capture a change in price. There are many types of trading activities which are there in the market. Due to the development in the technology, there are many softwares and tools made for the convenience of different trading activities. Among all trading activities, trading in stock market requires the utmost help. For this purpose, Build Alpha helps the trader the most. It is one of the leading softwares in the trading market which has done wonders with its expert skills. With the changing trend of the market every now and then, the human expertise and knowledge is not efficient to analyze all the trends keeping in mind all the factors that affect the trend. This is how the human expert’s evaluation turns vague in front of the software analysis. Trading software helps in trading and analyzes the movement of the various stocks, currencies and commodities worldwide. Many brokerage houses provide their clients wi...
Read more