StockFetcher Forums · Filter Exchange · Tails, ODRs & ROCdiv...OH MY !!!<< 1 2 3 4 5 ... 52 >>Post Follow-up
alf44
2,025 posts
msg #80950
Ignore alf44
modified
10/10/2009 3:33:16 PM

...BTW, just a quick heads up for those keeping score at home...

I added 2 new ROC columns to the original filter posted in the 1st post of this thread.

-----

I have NOW also added columns to show when any of the 3 patterns (ie. Tails, ODRS, ROCpiv) are NR7s or dojis !


These are columns I've used from my "Range Contraction" scan and felt like adding them here. fwiw



Eman93
4,659 posts
msg #80952
Ignore Eman93
modified
10/10/2009 4:55:36 PM

Alf
Very nice.

Have you tried this with stocks outside of the the Nas100?

Thanks

alf44
2,025 posts
msg #80953
Ignore alf44
modified
10/10/2009 5:05:36 PM

I just used NASDAQ 100 as an example.

trendscanner
265 posts
msg #80954
Ignore trendscanner
10/10/2009 6:16:13 PM

...in the case of the statement --> set{daysCloseUp, days(Close below Close 1 day ago,100)}


I am looking for the number of days SINCE the Close (ie. today's Close) was below the Close 1 day ago !

This will then return the number of consecutive HIGHER CLOSES a stock has had !

Stated another way...the number of days SINCE the stock has had a DOWN Close !


===============================================================================================

I didn't know that was possible in SF! Great to know, that opens up a lot of possiblilites.

ossi
2 posts
msg #80964
Ignore ossi
10/11/2009 2:06:34 PM

alf,

thank you for the explenation. I was not aware of this feature either. It does indeed make sense now. :-)


Ossi

alf44
2,025 posts
msg #80993
Ignore alf44
modified
10/12/2009 9:15:26 PM

...just another quick heads up for those keeping score at home...

-----

I added the "Kijun Sen" line to the original filter posted in the 1st post of this thread.

I'm a fan of Ichimoku Charting and I felt like the "Kijun Sen" would be a nice addition and complement to the "Chikou Span" that was already there. (both are key components in Ichimoku)

These 2 components can be read "at-a-glance"...and provide a ton of info about sentiment, support / resistance, price equilibrium and possible entry / exit considerations !!! fwiw



choymi8828
47 posts
msg #81024
Ignore choymi8828
10/13/2009 1:20:58 PM

Alf,

This is getting interesting and I did spend sometime trying to understand your filter and results during the weekend.

Questions:

1. How does Kijun Sen work, is it the same way as Chikou ?

2. Does your filter work in any conditions of the broad market from your past experience? (i.e. up, down, sideway)


Thanks again for the sharing.


Michael

alf44
2,025 posts
msg #81030
Ignore alf44
modified
10/13/2009 4:43:57 PM

Michael...

...you ask :

1. How does Kijun Sen work, is it the same way as Chikou ?
2. Does your filter work in any conditions of the broad market from your past experience? (i.e. up, down, sideway)


-----

The "Kijun Sen" is simply a line that represents an average of the Highest HIGH and the Lowest LOW of the last 26 days.

It is NOT like the "Chikou" as that line is actually just today's Close...displaced backwards 26 days.

Ichimoku charts are made up of 5 lines (these 2 and 3 others) ... and are designed to be used and interpreted using ALL 5 lines ! However, since StockFetcher doesn't offer Ichimoku (even though there ARE some threads here where approximations have been devised) ... I have cherry picked these 2 for my own purposes.


Learn everything you ever wanted to know about Ichimoku...here :

Ichimoku Charting

---

As for the filter...YES...it DOES "work" in UP, DOWN and SIDEWAYS markets ... IF...

...I repeat...IF...you truly understand the filter...understand the 3 patterns...understand the indicators...and understand the Market in which you find yourself !

---

One thing I would say is that ...EVERY pattern (Tail, ODR, ROVdiv) that appears ...is NOT an automatic LONG or SHORT !

Some chart analysis (as well as analysis of the other column info) is required to better determine if you are looking at a "high probability trade"... OR ... a set-up you'd rather pass on !

You must also keep in mind that many of the patterns occur in strongly trending markets...

... and so by definition are (or, CAN be) "counter-trend trade set-ups" ... and as such...contain an inherent risk !!!


It's VERY important to keep that foremost in your mind !!!


Regards,

alf44


richo
74 posts
msg #81034
Ignore richo
10/13/2009 5:44:34 PM

Where can i find the roc and mycsctrend indicators? I have accts with Zecco and Ameritrade. Can you use this filter in
modified form for the major indexes?

Thanks

Rich

alf44
2,025 posts
msg #81043
Ignore alf44
modified
10/13/2009 8:53:51 PM

Rich,

There is nothing at all fancy about these 2 indicators...there IS however a great deal of nuance in the indicators that takes some time to begin to fully git a grasp of !

---

The "roc" is a simple 2 period Rate of Change !

---

The "myosctrend" is the signal line (slow line) of a 3/8/13 MACD !

That is...it is the 13 EMA of the difference between a 3 and an 8 period EMA !

---

I chose to define these indicators with "set" statements so that I could control how they would be displayed in the SF Flash charts.

AND...btw, I use these patterns (Tails, ODRs, ROCdiv) with Major Indices all the time with great success...and in particular ETFs of Major Indices !

I even prefer to use these patterns in this way ! fwiw



Regards,

alf44


StockFetcher Forums · Filter Exchange · Tails, ODRs & ROCdiv...OH MY !!!<< 1 2 3 4 5 ... 52 >>Post Follow-up

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