StockFetcher Forums · Filter Exchange · MACD(2,3,1)<< >>Post Follow-up
3,317 posts
msg #88293
Ignore four
2/15/2010 12:16:17 PM

My take on gmg733 post...

draw MACD(2,3,1)
close > 1
close < 20
close 2 day ago < open 2 day ago
MACD(2,3,1) < -.05
close 1 day ago < open 1 day ago
close > open
volume > 10000000

----------------------- reference -------------------------

- Ignore gmg733
modified 2/2/2010 10:28:44 AM

Not really. I look for stocks at the MACD(2,3,1) zero mark and look for patterns. You'll find the inflection points around there. For bear reversals, look for an oversold RSI and for bull reversals look for overbought on the RSI.

I'll reiterate what some on the forum will say, filters are tools, not trading. You still have to trade. There is no such thing as scan and buy. The closest thing to this is TRO's stat scans and they work pretty well. But, you still have to trade it. Know when to get in and get out.

Hope this helps.

350 posts
msg #88298
Ignore gmg733
2/15/2010 6:43:25 PM


draw weekly RSI(2)
draw RSI(2)
draw weekly MACD(2,3,1)
draw MACD(2,3,1)

Watch the weekly data. Here is a decent example. If the market were not under pressure there might have been a bigger move in TSRA. Look for shorts right now and for them to tick off their 97+ marks down to the 75 line. Good shorts.

Watch weekly RSI(2) to come off the bottom and tick over 25 (for longs like TSRA above), note positive divergence on the MACD. Note the equity is at support.

What I like about this is it usually takes the guessing out of support and resistance areas as the stocks will grind for weeks and finally rest at S/R level. Even ones that don't grind you can play swing trades.. When you get a negative divergence in weekly RSI(2), get out, wait fo it to tick back up and go long again. Easy swing trades.

Note the faster it moves off the bottom (for longs) and to the 25 mark usually the crisper the move. So look for 1 to 2 day ticks. Also play higher ATR candidates. Must have if you play options. Also, you really can't back test as this put things on your watch list.

Oh, and the close MACD is to the 0 line, the better.


469 posts
msg #88300
Ignore straken
2/15/2010 8:01:09 PM

Here's one I use to measure strength of the short signal MACD change. I use a variations of the change in several filters with combinations of other indicators.

/*MACD(2,3,1) CROSSING 0*/
set{var1, MACD(2,3,1)}
set{var2, MACD(2,3,1) 1 day ago}
set{macd_chg,var1 - var2}
add column macd_chg {chg}
var2 below 0
var1 above var1 1 day ago
price above 8
macd_chg above .85

StockFetcher Forums · Filter Exchange · MACD(2,3,1)<< >>Post Follow-up

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