StockFetcher Forums · Filter Exchange · Momentum<< 1 2 3 >>Post Follow-up
chetron
2,817 posts
msg #75673
Ignore chetron
6/20/2009 9:45:10 AM

ALL MOMO DATA IN MEASURED IN DAYS

NEGATIVE IS BEARISH
POSITIVE IS BULLISH



chetron
2,817 posts
msg #75674
Ignore chetron
modified
6/20/2009 9:58:47 AM

CORRECT ME IF I WRONG, BUT.....
JP CORRECTIONS....

Fetcher[

/* TREND IS BEARISH */

Show stocks where close is BELOW UPPER Bollinger band(12,0.1) for the last 8 days
Average volume(3) > 500000
close is above 1
optionable

]



THERE IS NO VALUE ADDED TO COMBINING 2 TREND INDICATIORS TOGETHER, YOU NEED TO PICK ONE AND ONLY 1.


HTH

johnpaulca
11,312 posts
msg #75676
Ignore johnpaulca
6/20/2009 11:27:35 AM

Another thing, after 20 down days do you really want to open a short position?...not. How I would short this filter is to look for stocks like ONB with the reversal doji as of yesterday. I would set the the down days to 8 or 9 instead of 20 that way you are clear of stocks simply correcting (3-7 days pullback), look for reversal candles at the BB12, then see how far away you're from support, check if the market is correcting, check risk reward, finally make your decision.

chetron
2,817 posts
msg #75757
Ignore chetron
modified
6/24/2009 1:02:07 PM

HOW ABOUT....

Fetcher[

/* Momentum Filter */

/* Momentum Days since last CrossOver of the Average Line*/

set{MoMoX, days(momentum(2) below cma(momentum(2),20), 100) - days(momentum(2) above cma(momentum(2),20), 100)}


/* Momentum Days since CrossOver of Zero line */

set{MoMoZ, days(momentum(2) below 0, 100) - days(momentum(2) above 0,100)}

/* Momentum Trend - Days Momentum up or down */

set{MoMoD1, momentum(2) 1 day ago}
set{MoMoT, days(momentum(2) below MoMoD1, 100) - days(momentum(2) above MoMoD1, 100)}

DRAW MOMOT

and add column MoMoX
and add column MoMoZ
and add column MoMoT

/* Momentum Selection Criteria - pick rising momentum */

MoMoD1 CROSSED ABOVE MOMENTUM(2)

/* Momentum Selection Criteria - pick zero line crossover */

MoMoZ above 0

/* Price and Volume Selection Criteria */

close above 1
volume above 1000000
WILLIAMS %R(2) INCREASING LAST 1 DAY
RSI(2) INCREASING LAST 1 DAY

DO NOT DRAW MOMENTUM(2)
DO NOT DRAW MOMOD1

/* end filter */
]



johnpaulca
11,312 posts
msg #75760
Ignore johnpaulca
modified
6/24/2009 5:56:29 PM

Chet: tomorrow would be a good day to use the " Trend is Bearish " filter. Most of the stocks from today's scan are up against a downward trend, these stocks are high probability short. Note the Dow is also down, fell below ema100....F looks good for shorting.

chetron
2,817 posts
msg #75765
Ignore chetron
6/24/2009 9:33:39 PM

THANX JP

Eman93
4,659 posts
msg #75766
Ignore Eman93
modified
6/24/2009 11:07:19 PM

I have been fooling with this......

Fetcher[
/*Emans bottom picker*/
Chande Momentum Oscillator(5) < -99
and close is above 1.00
and average volume(30) is above 250000
add column Chande Momentum Oscillator(5)
add column ind
sort column 3 ascending
]



Eman93
4,659 posts
msg #75767
Ignore Eman93
modified
6/24/2009 11:09:33 PM

Bull Killer

Fetcher[
/*Emans top picker*/
Chande Momentum Oscillator(5) > 99
and close is above 1.00
and average volume(30) is above 250000
add column Chande Momentum Oscillator(5)
add column ind
sort column 3 descending
]



decipherlinda
133 posts
msg #75772
Ignore decipherlinda
6/25/2009 8:29:06 AM

Eman93, outstanding!

Eman93
4,659 posts
msg #80249
Ignore Eman93
9/28/2009 10:52:13 PM

bump

StockFetcher Forums · Filter Exchange · Momentum<< 1 2 3 >>Post Follow-up

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