StockFetcher Forums · Filter Exchange · 5 weeks up in a row<< >>Post Follow-up
glgene
534 posts
msg #59730
Ignore glgene
2/17/2008 8:20:56 AM

I need a little help. I think I know how to filter for most of my needs in this particular script, but I don't know how to say this:

stock is up 5 weeks in a row.
Display weekly chart

Could someone lend me a hand with the above 2 lines? Thanks.

glgene
534 posts
msg #59734
Ignore glgene
2/17/2008 11:00:43 AM

Here is what I've got so far. I'm getting an error on Line 1

Price has been increasing the last 5 weeks
display weekly chart
draw ma(20)
draw rsi(14)
draw macd(12,26,9)


nikoschopen
2,824 posts
msg #59737
Ignore nikoschopen
2/17/2008 2:49:58 PM

It was actually the second line that was the real culprit. Here are the correct codes according to the script.

Fetcher[
Price has been increasing the last 5 weeks
and chart-display is weekly
draw ma(20)
draw rsi(14)
draw macd(12,26,9)
]



glgene
534 posts
msg #59738
Ignore glgene
2/17/2008 4:12:53 PM

Thanks, Niko.

I went to an MTA meeting last Thursday, and they covered this rule:

"Sell on a 3- to 5- week runup if the close is quite a distance above the 20-day SMA. Use a weekly chart." There was no objective definition of "quite a distance."

Vice versa on a buy.

One of my stocks is DBA. It posted an unusual 7-week run-up. I closed it out last Friday at 3:45 pm. It's now at $39+ vs. a 20-day MA of $32.87 (about a 20% difference). RSI(14) is 88.

DBA is an ag commodity ETF (25% corn, 25% wheat, 25% soybeans, 25% sugar). It had a huge run-up last year. Ag is still hot, but I decided to take a short leave of absence. I might be right or wrong, but I did take a profit.

Once again...thanks for your prompt help today. Now I can further explore the script with volume, etc.

glgene
534 posts
msg #59740
Ignore glgene
2/17/2008 4:30:03 PM

Oops. Using a weekly chart, I meant 20-period (weekly) MA. Not 20-day MA.

nikoschopen
2,824 posts
msg #59742
Ignore nikoschopen
2/17/2008 5:19:56 PM

Funny you mention DBA because I was looking at it last night to see if there's any chance for the damn thing to come crashing down. It does look overbought but I wasn't convinced that it's time to jump in short just yet.

As for using the weekly indicator, it ain't much of a use for this daytrader.

johnpaulca
11,301 posts
msg #59743
Ignore johnpaulca
2/17/2008 5:39:54 PM

Niko...I mentioned it last week "DBA" .Very easy to trade...I drew circles where to short it. I added some long last week after it came down. I am sooo bullish on Agriculture. AG, DE, CF are my fav's to trade...huge swings. A few weeks ago you guys saw me trade Ag(short), I think I shorted in the mid-sixtys, it came down somewhere it the fifty's.

glgene
534 posts
msg #59744
Ignore glgene
2/17/2008 5:42:29 PM

Niko,

The instructor at the MTA event suggested investors have a 2-set mind: Macro (using a weekly chart), and Micro (using daily charts). Employ $ in both. His topic last week was on the macro side.



glgene
534 posts
msg #59748
Ignore glgene
2/17/2008 8:03:23 PM

JohnPac: You said, in part "I am sooo bullish on Agriculture. AG, DE, CF are my fav's to trade.
-----------------
I, too, made money on these (AG, DE, and CF) ---thru the "MOO" ETF in late 2007. But MOO is down YTD 2008. DBA (the end product -- crops) is up YTD 2008.

Where is the disconnect? The inputs (seed and fertilizer) are down, but the end product (crop=food) is up. I acknowledge that DE (John Deere) represents input and output.

Your comments?



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