riker
3 posts
msg #33715
- Ignore riker |
10/28/2004 1:34:33 PM
I would welcome any suggestions to improve on this filter. I am trying to pick stocks trending up that are ready to move and following the upper bb right after it has narrowed. I am fairly new and just learning to write these so I am sure it could be improved on
thanks
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yepher
359 posts
msg #33775
- Ignore yepher |
10/31/2004 8:21:07 PM
riker,
I noticed no one had replied to this thread so I thought I would give it a shot.
I am not exactly sure how to improve your filter in terms of better hits but you might consider writing it like this.
This should yeild results that are very near the results that your original filter had with the addition of a few extra symbols that will get through the initial squeeze criterea.
You may also be able to leverage "%B" in place of "close is near upper bollinger(20)" although you probably won't get much better than what you already have for that line.
Another thing I notice is that you have implied volume types of indicator with "volume is increasing". You may find better results by using MFI or some other volume based filter.
I personally think you have done a good job of not poluting the filter by adding addional price action indicators and would advise you to keep it that way.
I am certainly not the authority here on technical analysis here. I do hope you find some of this useful.
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kgriffen
49 posts
msg #33779
- Ignore kgriffen |
10/31/2004 9:18:37 PM
This is what I use to build a watch list:
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kgriffen
49 posts
msg #33781
- Ignore kgriffen |
10/31/2004 9:21:26 PM
. . . I also use a volume indicator like Intraday Intensity or MFI along with a standard MACD(12,26,9) on the chart to find good candidates. You can also remove the "close over upper BB" to fill a watchlist that could play stocks either way.
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riker
3 posts
msg #34146
- Ignore riker |
11/26/2004 11:20:17 AM
thank you I appreciate your help.
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