StockFetcher Forums · Filter Exchange · /* MOMENTUM ZOOM LENS */<< >>Post Follow-up
TheRumpledOne
6,362 posts
msg #39647
Ignore TheRumpledOne
12/18/2005 4:23:42 PM

Fetcher[
/* MOMENTUM ZOOM LENS */

/* NORMALIZE momentum(12) */

set{moval22, INDPOSITION(momentum(12), 22) * 100}
set{moval60, INDPOSITION(momentum(12), 60) * 100}
set{movalwk, INDPOSITION(weekly momentum(12), 26) * 100}

/* PLOT CRITERIA */

draw moval22
draw moval60 on plot moval22
draw movalwk on plot moval22


/* SELECTION CRITERIA */

moval22 below 2
moval60 below 2
movalwk below 20

/* PRICE VOLUME CRITERIA */

CLOSE above .50

VOLUME ABOVE 300000
average VOLUME(5) ABOVE 500000
average VOLUME(30) ABOVE 500000

add column moval22
add column moval60
add column movalwk

add column industry

/* sorting CRITERIA */

sort column 2 descending
]



I had an idea today!!

The MOMENTUM ZOOM LENS combines much of what I have learned from others.

HolyGrail(HG) teaches to look at multiple time frames.. zooming in/out.

Mike Parker(MP) teaches to look at momentum in the RSIWLR display.

Mark Crisp emphasizes using the weekly chart in his momentum system.

The MOMENTUM ZOOM LENS plots NORMALIZED "monthly", "3 month" and weekly momentum all on the same chart!.

This allows you to see in one glance what a stock's momentum is doing across 3 time frames.

Of course, you can expand this to 4 or more time frames or you can use a different indicator... Like RSI(2)!!

MAY ALL YOUR FILLS BE COMPLETE.








TheRumpledOne
6,362 posts
msg #39648
Ignore TheRumpledOne
12/18/2005 4:33:41 PM

Fetcher[
/* Multiple ZOOM LENS */

/* NORMALIZE momentum(12) */

set{moval22, INDPOSITION(momentum(12), 22) * 100}
set{moval60, INDPOSITION(momentum(12), 60) * 100}
set{movalwk, INDPOSITION(weekly momentum(12), 26) * 100}


/* NORMALIZE williams %r(10) */

set{wrval22, INDPOSITION(williams %r(10), 22) }
set{wrval60, INDPOSITION(williams %r(10), 60) }
set{wrvalwk, INDPOSITION(weekly williams %r(10), 26)}




/* PLOT CRITERIA */

draw moval22
draw moval60 on plot moval22
draw movalwk on plot moval22

draw wrval22
draw wrval60 on plot wrval22
draw wrvalwk on plot wrval22


/* SELECTION CRITERIA */

moval22 below 2
moval60 below 2
movalwk below 20

wrval22 below 2
wrval60 below 2
wrvalwk below 20

/* PRICE VOLUME CRITERIA */

CLOSE above .50

VOLUME ABOVE 300000
average VOLUME(5) ABOVE 500000
average VOLUME(30) ABOVE 500000

add column moval22
add column moval60
add column movalwk

add column wrval22
add column wrval60
add column wrvalwk

add column industry

/* sorting CRITERIA */

sort column 2 descending
]



This shows zoom lens for momentum and williams %r.

I will leave the rest up to your imagination!

MAY ALL YOUR FILLS BE COMPLETE.


riggs
313 posts
msg #39656
Ignore riggs
12/18/2005 6:19:38 PM

Avery -

If I combine Momentum Zoom Lens and DMA, I could take over the world! Moo-Ha-Ha-Ha!!! LOl...Just kidding around.

Those sure are some deep gaps, but it looks very promising....Yes, I like it!!!


RIGGS.


maxreturn
745 posts
msg #40014
Ignore maxreturn
1/6/2006 9:26:54 AM

TRO...complements for the excellent work on this. Very useful. Just as important...well annotated and easy to follow. Thanks for the contribution and for that matter all the useful/interesting contributions to this forum.


TheRumpledOne
6,362 posts
msg #40022
Ignore TheRumpledOne
1/6/2006 6:44:24 PM

Thank you.


sekto
6 posts
msg #40038
Ignore sekto
1/7/2006 7:07:42 PM

i like this zoom lens, looks like a useful tool, but what if 2 of the indicators are headed up but one is headed down or sideways?
IE NFLX-moval(22) and moval(60) headed up but movalwk looks to be bottomed out and moving sideways. My interpretation of this is that the week bottomed out and should be following the 22 and 60 and heading up soon.

Note: DMA (28,-14) crossed above ema(13) and stock is near bottom of linear regression. Good entry point? Or should i wait.. Any help would be greatly appreciated Thanks!


TheRumpledOne
6,362 posts
msg #40057
Ignore TheRumpledOne
1/8/2006 1:18:01 PM

Think about it....

You have short, medium and long term indicators.

You can create a DECISION TABLE:



Short..............Medium................Long.............ACTION

UP......................UP..................UP

UP......................UP..................DOWN

UP......................DOWN................UP

UP......................DOWN................DOWN

DOWN....................UP..................UP

DOWN....................UP..................DOWN

DOWN..................DOWN..................UP

DOWN..................DOWN..................DOWN


Your assignment is to fill in the ACTION column.






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