StockFetcher Forums · Filter Exchange · DMI and donchian coupled with breakout indicator<< >>Post Follow-up
LebowskiUrbanAchievers
56 posts
msg #94573
Ignore LebowskiUrbanAchievers
7/6/2010 9:53:30 AM

Chetron if you have time I was wondering if you could code something that looks for the following. This should identify stocks in a breakout. The charts should be daily. These are in my opinion strong indications for stocks starting to trend. I have made some returns by trend following as of late and I have been trying out indications such as DMI with ADX, PSARS, and donchian channels. I feel this works well in Forex and should be able to work with stocks. Stop losses and money management rules apply.

Sell possibilities
21 day breakout: The Close is below the 21 day Low
has crossed the lower donchian channel line 21 day period
DMI indicator shows -DI > +DI
ADX > 25
Stock price is > 5
Volume is >250000

Buys
21 day breakout: The Close is above the 21 day High
has crossed the upper donchian channel line 21 day period
DMI indicator shows +DI > -DI
ADX > 25
Stock price is > 5
Volume is >250000


johnpaulca
11,296 posts
msg #94575
Ignore johnpaulca
7/6/2010 10:14:18 AM

Chetron has left the building.

LebowskiUrbanAchievers
56 posts
msg #94578
Ignore LebowskiUrbanAchievers
7/6/2010 10:25:54 AM

Ok then anyone who can program please I appreciate any help.

ladder122
1 posts
msg #94865
Ignore ladder122
7/18/2010 2:07:15 AM

Lebowsk, can you futher explain your use of this strategy?

Thanks mark

wkloss
230 posts
msg #94885
Ignore wkloss
7/18/2010 12:37:19 PM

Lebowski,

The title of your post..."DMI and donchian coupled with breakout indicator" makes me wonder if you are duplicating a step and making your filter more complicated than it needs to be. Donchian is a breakout indicator, so why do you need to couple it with another breakout indicator?

Sorry I can't offer help with code but the previous post seems to be looking to do that.

Bill

Systrader
56 posts
msg #94930
Ignore Systrader
7/20/2010 10:34:05 AM


The close above and below 21 days high lows and Donchian channel for 21 day period says the same thing.

Based on what you asked , this is the filter, but it gives no results. Check the logic as it is not clear.

Try these:

BUYS

Fetcher[set {lolo, Day Postion(0,21)}
Show stocks where close < lolo and
close crossed below Donchian Lower Band(21,1) and
close > 5 and
average volume (21) > 250,000 and
ADX(21) > 25 and
draw +DI and
draw -DI and
add column +DI and
add column -DI and
]



SELLS

Fetcher[set {hihi, Day Postion(1,21)}
Show stocks where close > hihi and
close crossed above Donchian Upper Band(21,1) and
close > 5 and
average volume (21) > 250,000 and
ADX(21) > 25 and
draw +DI and
draw -DI and
add column +DI and
add column -DI
]



fortyfour
185 posts
msg #94937
Ignore fortyfour
7/20/2010 4:19:11 PM


Maybe something like this.....the sort looks for 1st time breakouts



Fetcher[close crossed above the upper Donchian Band(21,1)

set{x, count(close crossed above the upper Donchian Band(21,1) ,1)}
set{how_many, sum(x,21)}

add column how_many


+DI(21) > -DI(21)


avg vol(90) > 250000
close > 5

sort column 5 ascending
]




LebowskiUrbanAchievers
56 posts
msg #94976
Ignore LebowskiUrbanAchievers
7/22/2010 10:10:23 AM

Yea my strategy right now I have been using to play the EUR/USD spot. What I do is I have the Daily, Hourly and Weekly charts on my screen. On TOS I added the donchian channel study I found online. I also added ParabolicSAR to the charts as well as a confirmation of the trend. On the lower graphs I use volume and DMI to identify the trends.

When the price hits the upper or lower donchian channel on higher than average volume I get my indication to go long or short. This is confirmed usually by PSAR and DMI to enter my position. Look at the following screen shot.

As you will see I got a long indicator on 6/9/2010. The price was no touching the upper donchian so I did not go long. I did however get stopped out of my previous short position entered in March. Had I hopped on I would have been profitable but I wanted to wait to guage sentiment on the EURO. This strategy will work for any stock, commodity, or future. I just haven't figured out a way to screen for stock setups. I am hoping to continue trading currencies with this to build up account value. Hell I may only trade currencies, but I am interested in trying this with stocks. I am presenting this here to ge feedback and ideas on screen criteria. Let me know what you think, but I will be on vacation next week so it may take a while to get back to you.



Image and video hosting by TinyPic

The screen shot shows my long trade where I got 400 PIPS at 2.00/pip. Small time trading as I am still testing my trend following nerves and strategy.

LebowskiUrbanAchievers
56 posts
msg #94978
Ignore LebowskiUrbanAchievers
modified
7/22/2010 10:13:36 AM

I modified your code

close crossed above the upper Donchian Band(21,1)

set{x, count(close crossed above the upper Donchian Band(21,1) ,1)}
set{how_many, sum(x,5)}

add column how_many

ADX > 20.5
+DI(21) > -DI(21)
how_many > 1
how_many < 5

avg vol(90) > 500000
close > 5

sort column 5 ascending

Gave 6 results I will put them in my TOS to see if indications are there.

What I want to do is find them as close to the DI+ and DI- Cross as possible. Maybe someone can add that in.

LebowskiUrbanAchievers
56 posts
msg #95316
Ignore LebowskiUrbanAchievers
8/2/2010 9:00:12 AM

bump


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