StockFetcher Forums · Filter Exchange · Niko's MAX (Moving Average Crossover) Filter<< 1 ... 3 4 5 6 7 >>Post Follow-up
mdl060374
91 posts
msg #62531
Ignore mdl060374
modified
5/12/2008 6:18:12 PM

Niko,

The obvious answer is, "whatever makes you money," but are these long/short setups mainly for holding for a few days, or for finding short term "pops" for daytrading?

I am just not sure when it was designed, what its intention was to be..

nikoschopen
2,824 posts
msg #62538
Ignore nikoschopen
5/12/2008 9:17:20 PM

are these long/short setups mainly for holding for a few days, or for finding short term "pops" for daytrading?

Are you referring to the latest filter? If so, I have yet to test it extensively to provide you with any definitive answer. However, as a daytrader, I'm more interested in finding stocks that will "pop" more sooner than later. But this doesn't necessarily mean that you couldn't swing trade using my filters.

I am just not sure when it was designed, what its intention was to be.

I don't quite follow. Can you elaborate?



mdl060374
91 posts
msg #62556
Ignore mdl060374
modified
5/13/2008 12:08:49 PM

Thanks for your response.

I guess I was trying to figure out (which you answered already) if these filters were looking for stocks to make a gradual run up the next few days, or a explosive move (daytraders heaven.)

From your response, it sounds like you are an intraday trader like myself, so we are are looking for the same thing.

(I guess my original question was based on seeing stocks move up over the course of days in tight intraday ranges/gaps at the open, without giving the daytrader much opportunity to get in/out without holding overnight..)

nikoschopen
2,824 posts
msg #62560
Ignore nikoschopen
5/13/2008 1:48:15 PM

You do have a point but, if ure looking for a "pop", doesn't it make more sense to just trade a volatile stock like AAPL or GOOG? Moreover, I dunno about you but I rarely ever open and hold a position from the beginning to the end of the day. I would make multiple trades throughout the day. So whether it's a 1-day popper or not doesn't (or at least shouldn't) matter that much because, as they say, opportunity abounds if you know where to look.

Cheers!

conyeuchua
83 posts
msg #62808
Ignore conyeuchua
5/20/2008 12:29:28 AM

Nikoschopen,

You seem to be a guru and a champion of Linear Regression Channels. But, I couldn't find your main thread on Linear Regression Channels so I will have to post my question here: How do you determine the appropriate parameters "Period" and "Channel Width" for Linear Regression Channels?

Thank you, niko

cyc

nikoschopen
2,824 posts
msg #62810
Ignore nikoschopen
5/20/2008 3:38:32 AM

Sorry, but I think you got the wrong man. If I'm mistaken, the one who championed the cause of Linear Regression Channels was Riggs, who is better known these days as WALLSTREETGENIUS.

However, I did work with a few filters that dealt with LRC:
Be that as it may, if you would like help devising a specific filter around LRC, feel free to ask. We're all here to help out.

nikoschopen
2,824 posts
msg #62811
Ignore nikoschopen
5/20/2008 3:55:53 AM

Linear Regression Channels

ParametersPeriod
Channel Width
UsageCenter Linear Regression Line(45,1.0)
Top Linear Regression Line(60,0.75)
Bottom Linear Regression Line(90)
DescriptionThe linear regression is built by computing a least-squares line over the specified last number of days. This line represents and expectation of where the price should be. To create the linear regression channels, we use the popular method of finding the point furthest from the least squares line and create two channels of equal width from that point.

StockFetcher allows you to customize the width of the channel through a scaling factor. By entering a scaling factor of 0.50, a channel of half the normal width is created.

Examples
Fetcher[Price is near the center linear regression line(45)]



How do you determine the appropriate parameters "Period" and "Channel Width" for Linear Regression Channels?

Since the first parameter is the "lookback" period, you'll need to decide for ureself how long the LRC must be. As a short-term oriented trader, I tend to stick to a parameter no longer than 20. You can really get downright fancy with the second parameter by tweaking the channel width, but for the most part I just leave it at the default value of 1.

conyeuchua
83 posts
msg #62816
Ignore conyeuchua
5/20/2008 11:13:34 AM

Niko,

Thank you very much for your kind response. I will look up the links you provided as well as the info from W S Genius.

cyc

oldsmar52
104 posts
msg #63803
Ignore oldsmar52
6/16/2008 6:05:40 PM

Niko, below is what you posted as to what to watch for. What if yesterday's "return" value was simply below 30 and today the return value is above 40? Those types look good to me....any opinion on that?
Thanks, Frank



UPTREND
Yesterday's "return" value must cross below 30.

Today's "return" value must cross back down above 40.

Today's "TSI6" and "D2/T3" values must be +1.


nikoschopen
2,824 posts
msg #63807
Ignore nikoschopen
6/16/2008 6:39:34 PM

Hey Frank,

What I specifically look for is a 1-day flipper. This would mean

  1. The "return" crossed under 30 yesterday (and NOT remained under 30 for days),
  2. The "return" crossed back above 30 and closed above 40 today.

Usually, when a stock has been trading under 30 for days, there's a good chance that it would drop back under 30 even if it managed to climb above 40. In fact, those are the times when you should go all-out short because that's when it falls the hardest.

Hope that helps.

StockFetcher Forums · Filter Exchange · Niko's MAX (Moving Average Crossover) Filter<< 1 ... 3 4 5 6 7 >>Post Follow-up

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