Updated Jan 21, 2009
Updated April 10, 2009
Updated Sept 18 - 19, 2009
Updated Nov 8, 2009
Basic instructions for the use of the RSI(7) D-W-M tool developed by Korvus and hosted on his server. Many many thanks.
The tool can be accessed from the link in the menu bar at the top of the home page. When the program opens you will see an input text box, and three buttons, "Clear", "Set to Cara 100" & "Go".
Note: The Cara 100 list is now picked up automatically from another data base, however when Bill makes changes it may take a day or two before the changes are complied into the program.
The RSI tool can also be used for other US, Canadian and international stocks. Just make sure the data entry block is empty, use the "Clear" button, then input your string of stock symbols (use the symbol coding from Yahoo), separated by spaces, then hit the "Go" button and wait a few minutes, (the "Go" button will change to "Gone" while the program is retrieving and calculating the data).
Note in order to calculate the various RSI values there must be historical data on Yahoo. Stock are usually not a problem and most tracking indexes also have data, (domestic and international), just be sure to include the ^ prefix, such as ^DJI , example checking for historic data,
http://finance.yahoo.com/q/hp?s=^DJI
If you are looking at futures, say gold there will not be a menu item for historic data thus it will not work, your other option would be to use a tracking ETF such as GLD.
Note: The Yahoo historical database does occasionally contains errors, thus it is recommended that you always cross reference any data for correctness before using it in any decision making process. Most of the problems to date have been with Canadian stocks which contain the "- . / " types of symbols. Yahoo usually has the quotes section correct but the historical data may be linked to a different stock with a similar symbol. Over the years they have changed their coding for these special symbols which I believe has led to this problem. If you find a symbol you believe is in error, check the historical prices on Yahoo, if they are wrong, please send Yahoo an error report.
Not sure how many symbols you can enter at once but I would keep it down to 10 or so, we don't want to overload Korvus's server or get him cut off from using the Yahoo data.
Now it will take a little longer to process if the stock symbols are not in Korvus RSI data base. The program has to get the individual daily data going back many months in order to calculate the RSI(7) D-W-M values, Yahoo does not have them all ready to go in that format.
Note once you've created a list and run the program, the URL in your browsers address bar will contain those symbols and you can use your browsers bookmark feature to store that list for easy running at a later time, just give each one a different name. (Note this does not seem to work for the Safari browser due to how it handles the HTML coding)
You can also copy the Cara 100 list from the input box and create your own watch list on Yahoo or Google or Stockcharts etc. Yahoo and Google will take the 100 into a new watch list in one shot, (for Google you will have to add comma's between the symbols). Stockcharts "Extra" members can input about 25 at a time using the "Fav List" edit screen.
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