nikoschopen
2,824 posts
msg #37932
- Ignore nikoschopen |
9/13/2005 6:15:05 PM
This filter is used to spot a sharp price action of 5% or more either to the upside or downside within the past 5 days, accompanied by a rise in volume that's twice its 50-day average. While this filter is useful for those who are momentum oriented, it would also be beneficial for those who are technical-analysis savvy -- as well as those who are not.
Just for the record, this is a rehash of one of many filters by Cegis, albeit with a twist.
|