StockFetcher Forums · Filter Exchange · Stan Weinstein Method<< >>Post Follow-up
txtrapper
548 posts
msg #37075
Ignore txtrapper
7/26/2005 4:10:37 PM

Sure hope someone can program this for SF;

http://tinyurl.com/a9abq

This is another stock screen used by one of the best known traders.
Adaptation's from Stan Weinstein

/ *Scan for locating stocks* /
RSI higher than that from 5 days ago.
Closing price is higher than the average in the past 30 days.
Volume at least 120% of last 2 months.
Average volume least 100,000 shares
Price today is higher than the month's average
Price today higher than in the last 3 weeks


TxTrapper
______________________________________________________________________________



TheRumpledOne
6,362 posts
msg #37087
Ignore TheRumpledOne
7/26/2005 11:56:14 PM

Tx, you crack me up!

*Scan for locating stocks* /
RSI higher than that from 5 days ago.
Closing price is higher than the average in the past 30 days.
Volume at least 120% of last 2 months.
Average volume least 100,000 shares
Price today is higher than the month's average
Price today higher than in the last 3 weeks

Fetcher[

set{v120, average volume(44) * 1.2}

rsi(10) above rsi(10) 5 days ago
close above cma(close,30)
volume above v120
average volume(30) above 99,999
close equal close 3 week high
]



Please check the requirements... Not sure I understood them all.


MAY ALL YOUR FILLS BE COMPLETE.





txtrapper
548 posts
msg #37096
Ignore txtrapper
7/27/2005 7:35:54 AM

Thanks Avery;

I have Weinstein's book, How to Profit in Bull and Bear Markets and this is where the idea originated. He displayed some charts in the book and mentioned some parameter's for his scan, this sure seems to fit the bill.

Will give it a try.


TxTrapper
____________________________________________________________________________


txtrapper
548 posts
msg #37098
Ignore txtrapper
7/27/2005 8:15:28 AM

More on Weinstein Method;

FOUR-STAGE ANALYSIS

Four-stage analysis is always done with a weekly chart, and it is based on the relation of a stock or index's price to its own 30-week moving average.

Basically, the concept says that every stock or index sequentially moves through four stages: Basing (I), Advancing (II), Topping (III) and Declining (IV). Furthermore, this cycle is repeated over and over again throughout time. The four stages provide a roadmap that indicates not only where a particular stock is at, but also where it's headed in the future.

In stage I, however, supply and demand come into a rough balance. The stock stops going dramatically lower and instead begins to move sideways. The steeply declining 30-week moving average now begins to move horizontally, reflecting consolidation in the stock. The stock is beginning to form what is known in technical analysis as a "base."

From an investor's point of view, Weinstein notes, stage I is generally to be avoided. But that a swing trader can profit from this period by going long at support and going short at resistance.

During Stage II, firt the moving average begins to slope downward, and then begins to slope upward after a brief time. Then held above an upward-sloping moving average -- a signature of a stage II stock.

I compare this coupling to a dog walked on a long, retractable leash. The leash, which in this analogy is the bear market, allows the dog to go for short runs, but the dog soon runs out of leash and is pulled abruptly back. When the market has a countertrend rally, however, these stocks often advance smartly and are well worth swing trading from the long side.

Stage III
After a long stage II advance, most investors love the stock. However, valuation may become a concern, and advances in the share price are often limited. A warning of an imminent stage III may occur when prices for the first time in a long while decline below a rising or flat 30-week moving average.

In a stage IV market, on the other hand, the primary trend is a downward one. Breakouts of stage II stocks usually get their wings clipped by the overall market. Except for very brief periods, it is very difficult to trade the market from the long side during a stage IV decline.

Some helpful links;

http://tinyurl.com/atum7

http://tinyurl.com/8cydx

http://tinyurl.com/6b2zc


TxTrapper
______________________________________________________________________________





TheRumpledOne
6,362 posts
msg #37103
Ignore TheRumpledOne
7/27/2005 11:16:41 AM

Fetcher[

set{v120, average volume(44) * 1.2}

rsi(14) above rsi(14) 5 days ago
close above cema(close,30)
volume above v120
average volume(30) above 99,999
close equal close 3 week high
]







ashraf999
33 posts
msg #47063
Ignore ashraf999
9/19/2006 4:12:45 PM

I think this filter might help in scanning for stocks that rely on Stan Weinstein's method. Stan stresses on selecting stocks that are in stage 2 (uptrend stage) and warns about selecting stocks that are in stage 4 (decline) when going long.

Fetcher[show stocks where weekly close 0 week ago is above weekly ma(30)
and chart-display is weekly
and chart-time is 1 year
and weekly volume 0 weeks ago > weekly volume 1 weeks ago
and weekly volume 0 weeks ago > 500000
and weekly close 0 weeks ago > weekly close 1 weeks ago
and daily volume 0 day ago is above 100000
and 4-week slope of weekly rsi(14) > 0
and close > 2
]




ham1198
172 posts
msg #47420
Ignore ham1198
10/11/2006 5:07:20 PM

...can't remember where i saw this but here it is:

Weinstein System: Weinstein Scan.

Done somewhat in the manner from Stan Weinstein's excellent book "How to Profit in Bull and Bear Markets".

It is written to only look at stocks of $3 or more but you can change that.
. . . Relative Strength Indicator (RSI) higher than that from 5 days ago.
. . . Closing price is higher than the average in the past 30 days.
. . . Volume at least 120% of that from the last 2 months. (The 120% is arbitrary. I used it because it seems to work)
. . . Average volume for the last 2 months at least 100,000 shares (note that TC/2000 reports shares in hundreds).
. . . Price today higher than 30 day average
. . . Price today higher than in the last 3 weeks
((C >= 3) AND (RSI30.9 > RSI30.9.5) AND (C > AVGC30.1) AND (V >= (1.2 * AVGV42.1)) AND (AVGV42.1 >= 1000) AND (C > C1) AND (C2 < AVGC30.2) AND (C > MAXH14.3))


Show stocks where close is between 30 and 50
and rsi(14) is above rsi(14) 5 days ago
and close is above ma(30)
and volume is 120% greater than average volume(60)
and average volume(60) is above 100000
and close reached a new 3 week high



seth.salpeter
1 posts
msg #102575
Ignore seth.salpeter
9/9/2011 5:49:41 AM

I recently re-read Stan Weinstein's classic book on technical analysis and was trying to create a stockfetcher screen to find relevant picks. I stumbled upon this old discussion with some interesting code suggestions. I was wondering if anyone has improved upon it since? Does anyone have a good code for identifying classical breakouts?
Thanks.

olymp2123
1 posts
msg #134102
Ignore olymp2123
2/7/2017 3:03:55 PM

Chartmill.com provides great filter to find any stage. I wish somebody can write it in SF script

StockFetcher Forums · Filter Exchange · Stan Weinstein Method<< >>Post Follow-up

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