StockFetcher Forums · Filter Exchange · Stochastic Idea<< 1 2 3 4 >>Post Follow-up
ehansen6
28 posts
msg #66410
Ignore ehansen6
8/19/2008 5:31:00 PM

I'm actually relatively new to the whole trading world even though I've been doing it for a year now, but I had an idea and wanted to bounce it off the more intelligent traders out there.

I've noticed a trend that provided a good pop from 1 hour to 5 days and the indicator precedes the pop. It happens when the Slow Stochastic(5,3) Fast %K crosses above Slow Stochastic(5,3) Slow %D while being below 20 when the OBV is rising and the Momentum(12) rises faster than the OBV.

I know it sounds odd but it's been working on my backtesting but it's hard to backtest because of how tricky it is to see that.

I'm horrible with syntax so sorry I don't have a formula everyone can use but tell me what you guys think

WALLSTREETGENIUS
983 posts
msg #66411
Ignore WALLSTREETGENIUS
modified
8/19/2008 7:28:20 PM

Fetcher[Slow Stochastics(5,3) Fast %K crossed above Slow Stochastics(5,3)
Slow %D 1-day ago and Slow Stochastics(5,3) is below 20

/* NORMALIZE Momentum(12) */

set{moval, INDPOSITION(Momentum(12), 60) * 100 }

/* NORMALIZE OBV(1) */

set{obval, INDPOSITION(OBV(1), 60) * 100}

/* NORMALIZE williams %r(2) */

set{wrval, INDPOSITION(williams %r(2), 60) * 100 }


/* DRAW THE MR CCIWLR CHART */

Do not draw wrval
Draw moval on plot wrval
Draw obval on plot wrval
moval is increasing
obval is increasing
moval is above obval


Volume is above 100000
sort column 5 descending
close is above 1
offset 5
]



ehansen6
28 posts
msg #66416
Ignore ehansen6
8/19/2008 10:41:17 PM

Is it possible to do filters to look at something in the last hour instead of yesterday?

guru_trader
485 posts
msg #66417
Ignore guru_trader
8/20/2008 12:05:43 AM

We've been waiting and wishing for intraday data analysis on SF for many years. :)

WALLSTREETGENIUS
983 posts
msg #66419
Ignore WALLSTREETGENIUS
modified
8/20/2008 3:46:00 AM

Just look at the filter at 3:PM everyday. This is not just EOD, it's intraday as well. Take a look...

And BTW....you're welcome!


RIGGS

ehansen6
28 posts
msg #66424
Ignore ehansen6
8/20/2008 9:49:56 AM

Thank you very much...you're awesome Riggs

WALLSTREETGENIUS
983 posts
msg #66430
Ignore WALLSTREETGENIUS
8/20/2008 10:40:57 AM

...my pleasure "Hansen".....

FuriousThug
256 posts
msg #66433
Ignore FuriousThug
modified
8/20/2008 10:57:58 AM

SKM showed up on this a little bit ago and I noticed the block volume...close to 1.3million.

also had a nice Willy divergence yesterday

WALLSTREETGENIUS
983 posts
msg #66436
Ignore WALLSTREETGENIUS
modified
8/20/2008 11:28:12 AM

Nice call "Thug"...but did you also notice how OBV zero'd out? That coupled with my "Triple," makes for an almost PERFECT set-up! Result?...gap-up today with some killer volume behind it! Accident or coincidence?...not in a million years!



RIGGS

TheRumpledOne
6,362 posts
msg #66438
Ignore TheRumpledOne
modified
8/20/2008 12:22:23 PM

Most of you know I like to joke about the SQUIGGLY LINES but here's an interesting article:

http://www.sfomag.com/article.aspx?ID=1209



Fetcher[
/* TRO STAT SCAN - TRAVEL PERFORMANCE */

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B10A, count(Long_Profit > .10 , 100)}

set{A10A, count(Long_Profit > .10 , 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

set{ opcl1, open - close 1 day ago }
set{ clop, close - open }
set{ oplo, open - low }
set{ locl, close - low }

set{ nightup, count( opcl1 above 0, 100) }
set{ dayup, count( clop above 0, 100) }

set{chgn, sum( opcl1 ,5)}
set{chgd, sum( clop ,5)}

set{chgn100, sum( opcl1 ,100)}
set{chgd100, sum( clop ,100)}
set{hiop100, sum( hiop ,100)}
set{oplo100, sum( oplo ,100)}
set{locl100, sum( locl ,100)}

and add column B10A {GT10%}

and add column nightup
and add column dayup
and add column opcl1
and add column clop
add column chgn100
add column chgd100
add column hiop100
add column oplo100
add column locl100

and add column separator


and add column AvgRng


and add column separator
add column industry
add column sector
and add column separator

/* SELECTION CRITERIA */

Slow Stochastics(5,3) Fast %K crossed above Slow Stochastics(5,3)
Slow %D 1-day ago and Slow Stochastics(5,3) is below 20
MA(50) is above MA(50) 50 days ago
Volume is above 100000
close is above 1

sort column 5 descending
]



According to the article, you only want to trade long if the MA(50) is rising aka in an uptrend.

Another good article about statistics in the same issue:

http://www.sfomag.com/article.aspx?ID=1208

I added my statistics display so you know which stocks are the best ones to trade.


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