StockFetcher Forums · Filter Exchange · SOAP Served on a Platter<< 1 2 3 4 >>Post Follow-up
tmanbone
124 posts
msg #81280
Ignore tmanbone
10/16/2009 8:51:59 PM

I've been studying David Elliot at ThinkorSwim chat. He has a 2 line stochastic crossover indicator called the SOAP. The theory is you plot a full stochastic %K(8,3,5) and a full stochastic %K(5,3,3), all of the 3 next steps happen below the 50% line. #1 when the 5,3,3 crosses the 8,3,5 from below you've started wave 1, #2 directly after and without the 8,3,5 line crossing 50%, the 5,3,3 crosses the 8,3,5 from above back down through you've started wave 2, and #3 when the 5,3,3 crosses the 8,3,5 from below you've started your most profitable wave 3. I've been looking at this for several months on severals 1000's of charts and know the signal is profitable. The signal is fractal, I'm looking to use it for swing trades. The problem being I haven't been able to create a scan for stocks/etf's setting up on this signal. I've also been studying the SF forums for several months and know of your brillant minds. I appreciate any and all replies. Thanks

Cacher
121 posts
msg #81282
Ignore Cacher
modified
10/16/2009 10:29:37 PM

It sounds like what you are looking for is a process of screenings .....an interesting slant on screening... using those results of one screen for your next leg of the process the following day...the process would be endless, always chugging out results once each level gets symbols in the watch lists. The list would always need to be edited, adding new symbols, while moving some to the next watch list. I imagine the earliest a final result could show up would be in two or a few days or maybe even weeks...?

Fetcher[
/* Wave 1 */
Stochastic %D(5,3,3) crossed above Stochastic %K(8,3,5)
Stochastic %K(8,3,5) is less then 50
and draw Stochastic %K(8,3,5)
and draw Stochastic %D(5,3,3)
]


from the results, create or edit a watchlist called “WAVE1_results”

Fetcher[
/* Wave 2 */
apply to watchlist(WAVE1_results)
Stochastic %K(8,3,5) is less then 50
and Stochastic %D(5,3,3) crossed below Stochastic %K(8,3,5)
and draw Stochastic %K(8,3,5)
and draw Stochastic %D(5,3,3)
]


save these results from WAVE2, and create or edit another watchlist called “WAVE2_results”


Fetcher[
/* Wave 3 */
apply to watchlist(WAVE2_results)
Stochastic %K(8,3,5) is less then 50
Stochastic %D(5,3,3) crossed above Stochastic %K(8,3,5)
and draw Stochastic %K(8,3,5)
and draw Stochastic %D(5,3,3)
]


Finally after a few days into this process, the rewards should start to be on your final and hopefully, rewarding results.

It would be an ongoing process...and the need to run each wave daily, and updating each of the watch lists daily, adding and moving symbols to the next watch list....it may be a bit tedious ... but then when the rewards are great, a little work could be warranted....and worth the effort.


tmanbone
124 posts
msg #81291
Ignore tmanbone
10/17/2009 10:38:53 AM

Yes Cacher you've got it. It's takes days to possibly a couple of weeks for the setup to occur. I'm thinking this could be applied to Kevin's idea of only screening IBD 100 stocks or of course any watchlist anyone prefers. Now from what I understand from David Elliot's SOAP indicator is that it is 2 stochastic %Ks one (8,3,5) the slower moving and one (5,3,3) the faster moving, the %Ds are deleted out. This screen on the final wave 3 should also play out with another indicator giving the probablity of an up move, one of my favorites being the MACD. An opposite screen or series of screens could be applied for moves in the opposite direction. Thanks for the input, great work.

chetron
2,817 posts
msg #81293
Ignore chetron
modified
10/17/2009 10:57:30 AM

PLEASE HELP ME....


tmanbone, AT THE BEGINNING YOU SAID, TO USE THE %K'S OF THE STOCASTIC,



Cacher, YOUR FILTERS ARE USING A %D


TMANBONE, DID YOU SAY TO DELETE THE %D?


TIA FOLKS

IF I AM CORRECT......
A LITTLE MORE ECONOMIC....
ONLY BELOW 50....
AS GOOD AS I CAN GET IT....
IS THAT BOTH BELOW 50????????????
MIINIMUM 3 DAY TURN AROUND.....

TYPOS.....
OOPS, DAY LATE...
MAYBE A LINE AT 50.....

Fetcher[

/* Wave 1 */

SET{VAR1,DAYS(Stochastic %K(5,1,3) crossed above Stochastic %K(8,1,5),100)}
SET{VAR2,DAYS(Stochastic %K(8,1,5) is less thAn 50,100)}

DRAW VAR2 ON PLOT VAR1

/* Wave 2 */

SET{VAR4,DAYS(Stochastic %K(5,1,3) crossed below Stochastic %K(8,1,5),100)}

/* Wave 3 */

SET{VAR6,DAYS(Stochastic %K(5,1,3) crossed above Stochastic %K(8,1,5),100)}

DRAW VAR6 ON PLOT VAR4
draw Stochastic %D(5,1,3) ON PLOT Stochastic %K(8,1,5)
DRAW Stochastic %K(5,1,3) LINE AT 50

VAR6 BELOW .5
VAR2 BELOW .5 LAST 3 DAY
CLOSE ABOVE .1
VOLUME ABOVE 100000
VAR4 ABOVE VAR6

]



WITHOUT ALL THE LINES.....



Fetcher[


/* Wave 1 */

SET{VAR1,DAYS(Stochastic %K(5,1,3) crossed above Stochastic %K(8,1,5),100)}
SET{VAR2,DAYS(Stochastic %K(8,1,5) is less thAn 50,100)}


/* Wave 2 */

SET{VAR4,DAYS(Stochastic %K(5,1,3) crossed below Stochastic %K(8,1,5),100)}

/* Wave 3 */

SET{VAR6,DAYS(Stochastic %K(5,1,3) crossed above Stochastic %K(8,1,5),100)}

draw Stochastic %D(5,1,3) ON PLOT Stochastic %K(8,1,5)
DRAW Stochastic %K(5,1,3) LINE AT 50

VAR6 BELOW .5
VAR2 BELOW .5 LAST 3 DAY
CLOSE ABOVE .1
VOLUME ABOVE 100000
VAR4 ABOVE VAR6

DO NOT DRAW VAR2
DO NOT DRAW VAR3
DO NOT DRAW VAR4
DO NOT DRAW VAR6
]




chetron
2,817 posts
msg #81295
Ignore chetron
modified
10/17/2009 12:42:51 PM

WHEN THIS RALLY FINALLY ENDS.....
OOPS, A DAY LATE.....

Fetcher[

/* SHORT VERSION */

/* Wave 1 */

SET{VAR1,DAYS(Stochastic %K(5,1,3) crossed BELOW Stochastic %K(8,1,5),100)}
SET{VAR2,DAYS(Stochastic %K(8,1,5) is GREATER thAn 50,100)}

/* Wave 2 */

SET{VAR4,DAYS(Stochastic %K(5,1,3) crossed ABOVE Stochastic %K(8,1,5),100)}

/* Wave 3 */

SET{VAR6,DAYS(Stochastic %K(5,1,3) crossed BELOW Stochastic %K(8,1,5),100)}

draw Stochastic %D(5,1,3) ON PLOT Stochastic %K(8,1,5)
DRAW Stochastic %K(5,1,3) LINE AT 50

VAR4 ABOVE VAR6
VAR6 BELOW .5
VAR2 BELOW .5 LAST 3 DAY
CLOSE ABOVE .1
VOLUME ABOVE 100000

DO NOT DRAW VAR2
DO NOT DRAW VAR3
DO NOT DRAW VAR4
DO NOT DRAW VAR6
]



xxcheck
53 posts
msg #81297
Ignore xxcheck
10/17/2009 1:29:55 PM

Question Chet... This filter running with all 3 waves intact. Results from Wave 1, Wave 2 etc are already being filtered and finalized to Wave 3.

chetron
2,817 posts
msg #81299
Ignore chetron
10/17/2009 1:51:28 PM

THAT WAS MY HOPE.....

tmanbone
124 posts
msg #81301
Ignore tmanbone
10/17/2009 5:03:51 PM

Yes Chetron to omit the %D, looks like you're on it. The faster %K(5,3,3) can go above the 50 line, through the 3 wave process but the slower (8,3,5) shouldn't. I not very up to speed on the filter creating process so bear with me here. Is there much difference in a (5,3,3)%K line and a (5,1,3), the same for the (8,3,5) and the (8,1,5), curious. This post was sent without a lot of time to review the filters that you've posted; I will study futher. From what I can tell with a short look, we are on to something. Thank you for your input.

chetron
2,817 posts
msg #81321
Ignore chetron
10/18/2009 1:27:05 AM

the 2nd number of a full stochastic is the %D, by putting a 1 there you are saying that the %D = %K, which is a cheap way of deleting the %D.

trendscanner
265 posts
msg #81327
Ignore trendscanner
10/18/2009 9:21:11 AM

Chetron, I may not understand Fetcherese well enough to understand your coding of the filter so I may be wrong about this but looking at the first wave you've written, it appears to be looking for the event where days since Stochastic %K(5,1,3) crossed BELOW Stochastic %K(8,1,5).

The way Tmanbone describes the first event is when "#1 when the 5,3,3 crosses the 8,3,5 FROM below you've started wave 1". So should the first wave be looking for "Stochastic %K(5,1,3) crossed ABOVE Stochastic %K(8,1,5)" , i.e., it crosses %k(8,1,5) FROM below?

Interesting work, thanks for posting.

StockFetcher Forums · Filter Exchange · SOAP Served on a Platter<< 1 2 3 4 >>Post Follow-up

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