I am trying to buy stocks based on RSI levels. If both the moving averages of the SP500 are above the price I will buy ETF's with the lowest RSI. If they are down, I will buy the highest RSI. Stocks have to have to be above their 25 day EMA.
Not sure how to rank the stocks.
Really unsure of how to return the market condition.
Thanks,
Quant Dog
Hi Quant Dog,
I think the best way to do this is using the pipeline API. It's not in research yet, but we are working on it. In the meantime here is an example that calculates and ranks the RSI for the ETFs in your list.
Let me know if you have any questions.
KR
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.
In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
