StockFetcher Forums · Filter Exchange · TRADING DIVERGENCES ON THE S&P 500<< 1 ... 18 19 20 21 22 ... 33 >>Post Follow-up
frsrblch
35 posts
msg #112492
Ignore frsrblch
modified
3/28/2013 11:03:52 AM

Looks like a pretty damn good exit to me. The system would have had us sell at the open yesterday, so if you sold now you're beating the system by a fair margin.

The reason SS is showing an exit right now and SF isn't is to due to the dividend on SPY on March 20. I'm building an Excel version of these filters based off ^SPX so that we can all see the same signals Kevin does with SS. I'll be sharing it on Google Docs once I have more than the SMI filter built in.

jackmack
333 posts
msg #112493
Ignore jackmack
3/28/2013 11:08:11 AM

Sounds awesome - thank you for sharing - I look forward to seeing it.
Cheers

Kevin_in_GA
4,548 posts
msg #112494
Ignore Kevin_in_GA
3/28/2013 1:33:20 PM

Actually you can do this by simply substituting "ind(^spx,XXX)" everywhere in place of XXX (here XXX is the specific indicator or the MA(3) used in calculating the divergence).

However, the ^SPX information is not updated until after the market closes - instead you see today the ^SPX value from yesterday. That means the use intraday is not going to be correct. However, if you use it like it was designed this should be an easy fix.

jackmack
333 posts
msg #112495
Ignore jackmack
3/28/2013 1:54:36 PM

Kevin
Would you please give one of the filters as an example so I can see how to change the code on mine.
Not quite following what is being stated above.
Thank you
Cheers

Kevin_in_GA
4,548 posts
msg #112498
Ignore Kevin_in_GA
3/28/2013 5:00:12 PM

Exit triggered today. Needless to say, another 10 successful trades.

duke56468
683 posts
msg #112504
Ignore duke56468
3/28/2013 7:41:38 PM

There are still 6 divergences triggered so you would only be exiting 4, is that correct?

Kevin_in_GA
4,548 posts
msg #112505
Ignore Kevin_in_GA
3/28/2013 8:23:47 PM

Stratasearch shows 7 BUYs, so you would reduce your exposure from 100% to 70%.

jackmack
333 posts
msg #112510
Ignore jackmack
3/29/2013 8:29:34 AM

Kevin
I guess I am a little confused on the SS data vs SF and I apologize for asking so many questions on this but just when I thought I had it figured out this information comes about.
I realized the data set from SF is after the close and I thought one could take that signal if an entry or exit signal was sent in email that night (if you had that particular divergence filter saved and results emailed to you) to be correct for ones positioning the next day (either exit or enter) BUT now (if I understand correctly) the data from SF is even later by one day? Is that correct?
Thank you for taking the time to explain.
Cheers

Kevin_in_GA
4,548 posts
msg #112511
Ignore Kevin_in_GA
3/29/2013 8:50:32 AM

No - if you substitute the ^SPX for SPY in these filters, just don't use them intraday. That is because the ^SPX data is from yesterday until the market closes ... only then is it updated. In contrast, the data for SPY is updated intraday with a delay, and so could be used for intraday trading decisions if that is what someone wanted to do.

Substituting ^SPX for SPY is the way I would go, and only use trade signals after the market is closed and the value finalized.

jackmack
333 posts
msg #112514
Ignore jackmack
3/29/2013 3:24:18 PM

So like this?

/*CODING FOR DIVERGENCE BETWEEN MA(3) AND THE STOCHASTIC MOMENTUM
INDICATOR*/
SYMLIST(^SPX)
SET{SMI11down, COUNT(SMI(3,6,6) below SMI(3,6,6) 11 days ago,1)}
SET{SMI11down7, COUNT(SMI(3,6,6) DROPPED MORE THAN 7% OVER THE LAST 11
DAYS,1)}

SET{MA3UP2, COUNT(MA(3) above MA(3) 11 days ago,1)}
SET{MA3UP2_7, COUNT(MA(3) gained MORE THAN 7% OVER THE LAST 11 DAYS,1)}

SET{DIV1B, SMI11down * MA3UP2}
SET{DIV2B, SMI11DOWN7 + MA3UP2_7}
SET{DIV3B, COUNT(DIV2B ABOVE 0.5,1)}
SET{SMI11DIV, DIV1B*DIV3B}

ADD COLUMN SMI11DIV

DRAW SMI11DIV

set{exit1, count(close reached a new 10 day high,1)}
set{exit2, count(ROC(15,1) is below ROC(15,1) 10 day high,1)}
set{exit, exit1 * exit2}
count(exit below 0.5,1) above 0


ADD COLUMN EXIT

draw exit

I tried it and it brings up 8701 stocks?
Sorry but I need help on this one.
Help :-) - what am I doing wrong
Thank you

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