StockFetcher Forums · Filter Exchange · A 10-Day Trading System<< >>Post Follow-up
TheRumpledOne
6,359 posts
msg #50509
Ignore TheRumpledOne
modified
3/10/2007 11:10:22 AM

A 10-Day Trading System
By Price Headley | Published 11/16/2006

http://www.tigersharktrading.com/articles/6366/1/A-10-Day-Trading-System/Page1.html

"Life is really simple, but we insist on making it complicated." -- Confucius

Fetcher[
/* 10 day System Filter */

/* Upper Limit criteria */
set{UpperLim, High 10 day High}

/* Lower Limit criteria */
set{LowerLim, Low 10 day Low}

set{ at10dayhi, count(high equal UpperLim , 1 ) }
set{ at10daylo, count(Low equal LowerLim , 1 ) }

set{ trade, at10dayhi + at10daylo }

add column separator

add column at10dayhi
add column at10daylo
add column trade

add column separator

add column UpperLim
add column LowerLim

trade above 0
close above 20
average volume above 10000000
market is nasdaq

sort column 5 descending

draw at10dayhi
draw at10daylo on plot at10dayhi
do not draw trade

]




The 10-day System works on the simple principle that when the markets (especially the S&P 500 index) are at 10-day relative highs or lows, the trend will change direction temporarily. A 10-day low happens when the closing price of a certain day is lower than the close of the last 10 days. This usually results in a strong bounce in price within 5 days. A 10-day high happens when the close is higher than the close of the last 10 days. The 10-day high's results are a little more erratic, but often the results are downward or at least flat movement for the next 5 days.

Note from TRO:

This is NOT an endorsement. I just felt like coding.

alf44
2,025 posts
msg #50530
Ignore alf44
modified
3/11/2007 5:10:51 PM

I actually like this idea myself...and, incorporate a "20 Day" High/Low parameter in my everyday screen ! fwiw

I too look for reversals off these 20 Day H/Ls !


Regards,

alf44


TheRumpledOne
6,359 posts
msg #50537
Ignore TheRumpledOne
3/12/2007 2:19:39 AM

Didn't I post a 20-day High/Low filter display already?

alf44
2,025 posts
msg #50544
Ignore alf44
modified
3/12/2007 12:54:51 PM

TRO...don't know...but, since you have posted literally volumes of stuff here, I would imagine it is likely you have at some time mentioned 20 Day scan criteria before ! lol

Just an FYI though...


Moving Averages of 20 Day Highs and Lows...

Breakouts of 20 Day Highs and Lows...

Channels of 20 Day Highs and Lows...

Counter-trend moves off of 20 Day Highs and Lows...

Monitoring (of the number) of 20 Day Highs and Lows...


...has been going on since Richard Donchian was doing it back in the 1930s !


Certainly nothing new !!!


Regards,

alf44


chetron
2,817 posts
msg #51283
Ignore chetron
4/22/2007 5:05:47 PM

wow, tro you really express yourself so well in your coding. i was working on a high/low filter and it hard for me to read. yours is much more straight forward. what i like to add though is a new higher low. i like to review these first. thanx again tro, and many others, for all your coding/ideas, it really keeps the creative juices flowing.

Fetcher[ /* 10 day System Filter */

/* Upper Limit criteria */
set{UpperLim, High 10 day High}

/* Lower Limit criteria */
set{LowerLim, Low 10 day Low}

set{lowerlim1,lowerlim 1 day ago}
set{ at10dayhi, count(high equal UpperLim , 1 ) }
set{ at10daylo, count(Low equal LowerLim , 1 ) }
set{ loisarisin, count(lowerlim > lowerlim1,1)}

set{ trade, at10dayhi + at10daylo }
set{var21, volume 5 day high}
set{var22, volume 5 day low}
set{var23, volume-var22}
set{var24, var21-var22}
set{var25, var23/var24}
set{VOLK, var25*100}
set{VOLD, cma(VOLK,5)}

set{var1, high 5 day high}
set{lo5, low 5 day low}
set{var3, close-lo5}
set{var4, var1-lo5}
set{var5, var3/var4}
set{PRICEK, var5*100}
set{PRICED, cma(PRICEK,5)}

draw PRICED on plot VOLD

add column PRICED
add column VOLD

add column separator

ADD COLUMN LOISARISIN
add column at10dayhi
add column at10daylo
add column trade

add column separator

add column UpperLim
add column LowerLim

trade above 0 and vold > 49

draw at10dayhi
draw at10daylo on plot at10dayhi
draw loisarisin on plot at10dayhi
do not draw trade

sort column 8 descending
]




TheRumpledOne
6,359 posts
msg #51285
Ignore TheRumpledOne
4/22/2007 9:01:49 PM

chetron
4/22/2007 2:05:47 PM

wow, tro you really express yourself so well in your coding. i was working on a high/low filter and it hard for me to read. yours is much more straight forward. what i like to add though is a new higher low. i like to review these first. thanx again tro, and many others, for all your coding/ideas, it really keeps the creative juices flowing.

====================

chetron - you're welcome.

May I suggest you look at my BASIC FILTER DISPLAY. It has most of the coding "goodies" you want. You can use the code as a template for your own ideas. I've already coding most of the basics but each trader may want to use different values.




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