StockFetcher Forums · Filter Exchange · the "newest" Elder thread<< 1 ... 7 8 9 10 11 ... 12 >>Post Follow-up
WALLSTREETGENIUS
983 posts
msg #65208
Ignore WALLSTREETGENIUS
modified
7/19/2008 12:51:32 AM

Thug -

You're very welcome & deserving. Glad to help
in any way.


Ralph44 -

You're studdering again....take your med's!
And for heaven's sake...STOP CRYING ALREADY!



- WALLSTREETGENIUS -

arby347
87 posts
msg #65215
Ignore arby347
7/19/2008 1:57:00 AM

Chetron, I have been considering your enhancement for going long with the MACD slow and fast lines also having to below zero.In testing it seems to work OK without requiring these lines to be negative.

As long as I have your attention let me run another MACD Elder thing by you.

'A bullish divergence occurrs when prices trace a bottom, rally, then sink to anew low. At the same time MACD-Histogram takes a different pattern. when it rallies from the first bottom, that rally lifts it above the zero line "braking the back of the bear".When prices sink to a new low, MACD-Histogram declines to a more shallow bottom.At that point prices are lower, but the bottom of the MACD histogram is higher showing that bears are weaker and the downtrend is ready for a reversal. MACD gives a buy signal when it ticks up fro the second
bottom."
from page 106 of COME INTO MY TRADING ROOM
. Elder states that this signal occurs rarely. onyl a couple of times per year on the daily charts of most markets. He calls this the strongest signal in technical analysis.

Any filter coding idea?


WALLSTREETGENIUS
983 posts
msg #65218
Ignore WALLSTREETGENIUS
modified
7/19/2008 9:03:02 AM

arby -

She's (chetron) already coded this for everyone. Check her "ducks" filter...

Shear brilliance IMO....

http://www.stockfetcher.com/ui2/sffilter2.php



RIGGS

arby347
87 posts
msg #65238
Ignore arby347
7/19/2008 2:44:01 PM

Riggs:

The link you gave does not turn out anyting. Idid a search for "duck" and got the most recent filters you were posting. Could you or Chetron re-post the filter yu were referencing?
Thx


WALLSTREETGENIUS
983 posts
msg #65239
Ignore WALLSTREETGENIUS
modified
7/19/2008 2:50:34 PM

Arby, here is "chetrons" awesome MACD filter....and hey, there isin't anyone in this forum that knows more about the MACD-H than "I". So when I say it's "awesome".....you better dive into it!


/* TACHIKAWA */
/* LOOK FOR MACD HISTOGRAMS THAT LOOK LIKE A DUCK */
/* FLYING WESTWARDLY */
/* BULLISH */

Fetcher[set{var1,macd(4,8) histogram 1 day ago}
set{var2,var1 * 1.21}
SET{VMACDD,MACD(4,8) histogram}

DRAW VMACDD LINE AT 0
DRAW RSI(2) LINE AT 0
DRAW RSI(2) LINE AT 100
DRAW WILLIAMS %R(2) LINE AT -0
DRAW WILLIAMS %R(2) LINE AT -100

MACD(4,8) HISTOGRAM < 0
MACD(4,8) HISTOGRAM > var2

RSI(2) CROSSED ABOVE 40

CLOSE ABOVE .3
VOLUME ABOVE 100000

DO NOT DRAW VAR2
CHART-TIME 22 DAY
]





arby347
87 posts
msg #65241
Ignore arby347
7/19/2008 3:32:17 PM

Thanks for posting it. Call me stupid if you want, but I do not see
+where this is the same thing as what i quoted,. Tell me what I am missing.






WALLSTREETGENIUS
983 posts
msg #65247
Ignore WALLSTREETGENIUS
modified
7/19/2008 5:26:15 PM

Arby, are you trying to tell me you don't see positive divergence in these second bottoms? My friend, I wear glasses, but you might need Binoculars! lol...just kidding, but tell me what you AREN'T seeing, and we'll go from there.


- RIGGS -

EdmondDantes
20 posts
msg #65256
Ignore EdmondDantes
7/19/2008 8:39:03 PM

Nice filter but stay practical with your green . I was working with similar mallard filter last week it was a perfect set up when the MACD mallard flying westward was shot down in flight . The MACD became flat and spread itself out far along the 0 line before dropping backwards slowly . During extreme volatility technical indicators can become worthless so stay practical . I had recently listened to a lecture on the MACD from its creator and its original purpose was for his mutual fund and its ramifications of the histogram were in his opinion just trend observation and worthless . I was surprised because I always found more value in the MACD than just long term Mutual Fund investments in long positions.

EdmondDantes
20 posts
msg #65257
Ignore EdmondDantes
7/19/2008 8:46:50 PM


There might be something to a very long position using the MACD as it was intended for I bought JRCC when it was at 16 with a heavily trending MACD I took a greedy profit , but if I held on through the trend I would of sold at 56 despite the recent spin/ crash JRCC held on .

arby347
87 posts
msg #65281
Ignore arby347
7/20/2008 2:40:59 PM


OK, here is what I understand erroneously or not:

The macd(4,8) of one day ago is multiplied by 1.21 (why, I don't know)
Todays MACD value should be less than zero and above the one of yesterday that was multiplied by 1.21

What I am understanding is that there are two days with todays MACD higher than yesterday,

I don't see how this is creating a higher low of the MACD that is duverging from a lower low of the stockprice, lile my quote references.

Also, Elder said that this process usually takes several weeks to playout.



StockFetcher Forums · Filter Exchange · the "newest" Elder thread<< 1 ... 7 8 9 10 11 ... 12 >>Post Follow-up

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