April 26 April 26th, 2022
Things are moving along smoothly so far but the course is moving very fast. We have gotten a lot if tips and feedback from our sponsor. We are all at the point of coding now. Our team agreed to just start coding on the topics we researched from the prior week. I took on the second principle of momentum precedes price. So, I implements technical indicators of momentum which include rate of change and relative strength index. I have created a simple algorithm that takes the cash and invests in stock that displays a low RSI of 30. If its RSI is move than 70, then the algorithm will sell off this stock. The ROC is also coupled with RSI to see how much the momentum is moving and how its pace begins to slow down. From here, as a group we need to decide how we can incorporate all our new algorithms together to form something that exhibits all for principles for trading.
This is becoming more interesting as we progress. The only thing I dread is getting blocked for too long. There are resources that helped me so far, but I am not sure how things will pan out as the code begins mor complexity.
