StockFetcher Forums · Filter Exchange · MACs of Highs and Lows<< >>Post Follow-up
cdance
17 posts
msg #53317
Ignore cdance
7/22/2007 10:58:42 AM

Has anyone used the concept of Moving Average Channels made up of averages of the highs and lows as opposed to the closing prices?

This is probably old news since I got the idea from a book by Jake Bernstein written several years ago.

The basic idea is illustrated in the following filter:

draw CMA(High,10) plot on price
draw CMA(low,8) plot on price
and price > 5
and volume > 5000000
and low 1 day ago > cma(high,10)of 1 day ago
and low 2 days ago > cma(high,10)of 2 days ago
and low 3 days ago < cma(high,10)of 3 days ago

I'd like to know if any of you have used this concept and what other indicators you've used with it?

Thanks
CD

maxreturn
745 posts
msg #53320
Ignore maxreturn
7/22/2007 1:05:34 PM

Fetcher[draw CMA(High,10) plot on price
draw CMA(low,8) plot on price
and price > 5
and volume > 5000000
and low 1 day ago > cma(high,10)of 1 day ago
and low 2 days ago > cma(high,10)of 2 days ago
and low 3 days ago < cma(high,10)of 3 days ago
]



danglin
37 posts
msg #53352
Ignore danglin
7/23/2007 8:34:14 AM

Well. This basically shows stocks that already took off. Are you shorting these or riding the wave?

mktmole
325 posts
msg #53354
Ignore mktmole
7/23/2007 10:06:30 AM

cdance: JB's work has been revised in his latest book to this:
Fetcher[/* Buy Setup */
show stocks where the low 1 day ago crossed above CMA(High,10)
and low 2 days ago had been below CMA(High,10) for the past 8 days

/* Buy Trigger */
and low > CMA(High,10)

/* Sell , 2nd consecutive bar completely below the CMA(8) low */

and price > 5
and volume > 5000000
and draw CMA(Low,8) plot on price
and chart-length is 6 months
and market is not OTCBB
]



cdance
17 posts
msg #53433
Ignore cdance
7/24/2007 8:46:58 PM

Thank you Mktmole! That helps.

Has anyone used this as part of a working system?
What other indicators might be used with it?

johnpaulca
11,315 posts
msg #54460
Ignore johnpaulca
8/30/2007 5:05:43 PM

I use this along with Bollinger band(40,0.4). I look for two close above the high 10ma, coming from below the BB(40,0.4). I got a buy signal today for NTRI...take a look. Hope this helps.

StockFetcher Forums · Filter Exchange · MACs of Highs and Lows<< >>Post Follow-up

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