StockFetcher Forums · Filter Exchange · What’s A Dummy Spot?<< 1 2 3 >>Post Follow-up
alf44
2,025 posts
msg #69635
Ignore alf44
modified
12/6/2008 10:53:13 PM

...gotta say, Rumpled...there are some aspects of this filter...


...the multi-day "tightening" of the daily range (displayed as "tight")...

...the multi-day "shrinking" of the daily Volume (displayed as "vlxvl")...

...all culminating with an Inside Day...


Nice !!!

--------------------------------------------------------

Very interesting little filter here.

I'm actually thinking about how I might somehow incorporate it within my Range Contraction/Expansion Filter !

Or, at least certain parts of it.


Regards,

alf44


SFMc01
296 posts
msg #69648
Ignore SFMc01
12/7/2008 1:10:02 PM

TRO: I'm trying to follow your example specifically in order to learn and can't be sure of exactly what day is being talked about when you state: "Here’s a beautiful example from just yesterday. One that I completely missed out on, by the way. ;-)
GM chart "

I'm looking at various GM charts on minute and 5 minute candles and am not exactly clear which day is being referenced. Could you help please?

Thank you ... Steve Mc


chetron
2,817 posts
msg #69654
Ignore chetron
modified
12/7/2008 2:39:13 PM

please understand this thread was started almost a year ago. and the GM chart you are refereing to isn't being mentioned by TRO. TRO only copied an article from dummyspots.com that was written 2 years ago.

hth

12/5/2007 2:54:16 PM

FOUND THIS ON THE WEB TODAY...

http://dummyspots.com/?page_id=119

What’s A Dummy Spot? (24 Jan 2006)
24 January 2006





SFMc01
296 posts
msg #69655
Ignore SFMc01
12/7/2008 3:24:54 PM

Chetron: Thank you. The link you provided should be all I need to study the "dummy spot."

Steve

alf44
2,025 posts
msg #69657
Ignore alf44
12/7/2008 4:05:57 PM

understand this thread was started almost a year ago

-----------------------------------------------------------

Damn...I didn't even notice that. LOL

I saw the Dec 5th date on the posts and just ASSumed this was recent stuff.

No wonder TRO didn't seem to remember. His "forget" post makes a bit more sense now. LOL

My apologies !


Regards,

alf44


SFMc01
296 posts
msg #70686
Ignore SFMc01
1/14/2009 12:37:44 PM

Well, a month's gone by and no further posts here. Makes me wonder.

Has anyone actually put the dummy spot concept to work such that they achieve better than a breakeven situation?

Iv'e now tried it with variations using StockFetcher daily charts and during the day backtesting it on TradeStation to no benefit. Can anyone offer me a hint or suggestions as to how and when to make it profitable?

Thanks .... Steve

chetron
2,817 posts
msg #74193
Ignore chetron
5/7/2009 1:48:34 PM

POP

chetron
2,817 posts
msg #74198
Ignore chetron
5/7/2009 2:14:36 PM

NEW AND IMPROVED....


Fetcher[

Set{Bullpower, high - ema(13)}
Set{Bearpower, low - ema(13)}


/* SPOT THE DUMMY */

set{ xrange, high - low }
set{ tighten, COUNT( xrange 1 day ago > xrange , 1) }
set{ tight, days( tighten equal 0, 100) }

add column tight

/* VOLUME CALCULATIONS */
set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

and add column VlXvl
and add column Vdbl
and add column volpct
AND ADD COLUMN TIGHT 30 DAY HIGH

DRAW TIGHT 30 DAY HIGH
DRAW BEARPOWER ON PLOT BULLPOWER

/* END VOLUME CALCULATIONS */

/* tight EQUAL TIGHT 30 DAY HIGH */

VLXVL BELOW 0

LOW ABOVE LOW 1 DAY AGO
HIGH BELOW HIGH 1 DAY AGO

AVERAGE VOLUME(90) ABOVE 500000
AVERAGE VOLUME(90) ABOVE VOLUME

sort column 5 descending

]



TheRumpledOne
6,362 posts
msg #74200
Ignore TheRumpledOne
5/7/2009 2:18:32 PM

BullPower?

BearPower?

Just more SQUIGGLYS!!

Focus on PRICE!!



StockFetcher Forums · Filter Exchange · What’s A Dummy Spot?<< 1 2 3 >>Post Follow-up

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