StockFetcher Forums · Filter Exchange · the "newest" Elder thread<< 1 ... 8 9 10 11 12 >>Post Follow-up
FuriousThug
256 posts
msg #65291
Ignore FuriousThug
modified
7/20/2008 11:06:22 PM

Sorry...one line changed in the short version to reflect bullpower falling (instead of bearpower).
[edit:] gah...and got rid of the "weekly MACD Histogram(12,26) > 0"

Fetcher[/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(7) */

set{rsval, INDPOSITION(RSI(7), 60) * 100}

/* NORMALIZE williams %r(7) */

set{wrval, INDPOSITION(williams %r(7), 60) * 100 }

/* NORMALIZE CCI(7) */

set{ccval, INDPOSITION(CCI(7), 60) * 100 }

/* DRAW THE MR CCIWLR CHART */
Bullpower is above Bearpower
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
Bullpower below bullpower 1 day ago
Bullpower is above 0

set{BUY_ME,macd(7,12,3)}
set{SHORT_ME,macd(5,3,3)}
set{cross_me,buy_me - short_me}

SET{LONG,COUNT(BUY_ME CROSSED ABOVE SHORT_ME,1)}
SET{SHORT,COUNT(SHORT_ME CROSSED ABOVE BUY_ME,1)}
Draw SHORT_ME on plot BUY_ME
draw weekly MACD Histogram(12,26)
Draw Williams %R(2) line at 0
Draw Williams %R(5) line at 0
Draw FI(2) line at 0
Draw FI(13) line at 0
Draw Linear Regression Channel(60)
Draw RSI(2)

2 days ago weekly MACD Histogram(12,26) below weekly MACD Histogram(12,26) 3 days ago and
1 day ago weekly MACD Histogram(12,26) below weekly MACD Histogram(12,26) 2 days ago and
weekly MACD Histogram(12,26) above weekly MACD Histogram(12,26) 1 day ago
weekly MACD fast line < 0
weekly MACD slow line < 0

Close is above 10
Stock is optionable

add column RSI(2)
]



FuriousThug
256 posts
msg #65292
Ignore FuriousThug
modified
7/20/2008 11:15:54 PM

and long...again, I'm looking at this as a pullback and eyeballing long term trend.

Fetcher[/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(7) */

set{rsval, INDPOSITION(RSI(7), 60) * 100}

/* NORMALIZE williams %r(7) */

set{wrval, INDPOSITION(williams %r(7), 60) * 100 }

/* NORMALIZE CCI(7) */

set{ccval, INDPOSITION(CCI(7), 60) * 100 }

/* DRAW THE MR CCIWLR CHART */
Bullpower is above Bearpower
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
Bearpower above bearpower 1 day ago
Bearpower is below 0

set{BUY_ME,macd(7,12,3)}
set{SHORT_ME,macd(5,3,3)}
set{cross_me,buy_me - short_me}

SET{LONG,COUNT(BUY_ME CROSSED ABOVE SHORT_ME,1)}
SET{SHORT,COUNT(SHORT_ME CROSSED ABOVE BUY_ME,1)}
Draw SHORT_ME on plot BUY_ME
draw weekly MACD Histogram(12,26)
Draw Williams %R(2) line at 0
Draw Williams %R(5) line at 0
Draw FI(2) line at 0
Draw FI(13) line at 0
Draw Linear Regression Channel(60)
Draw RSI(2)

2 days ago weekly MACD Histogram(12,26) above weekly MACD Histogram(12,26) 3 days ago and
1 day ago weekly MACD Histogram(12,26) above weekly MACD Histogram(12,26) 2 days ago and
weekly MACD Histogram(12,26) below weekly MACD Histogram(12,26) 1 day ago
weekly MACD fast line > 0
weekly MACD slow line > 0

Close is above 10
Stock is optionable

add column RSI(2)
]



FuriousThug
256 posts
msg #65293
Ignore FuriousThug
7/21/2008 12:18:29 AM

The more I look at results from these filters, the more I see WR%(2) in many instances flashing a divergence a day or more before the stock hits the filter. I put in a line to just pick out ER divergences to compare (basically, "Close above close 1 day ago" when bullpower is declining, on the short screen) and was amazed to see quite a few of these ER divergences confirming an already caught divergence in WR%(2).
Just an observation.
FT

FuriousThug
256 posts
msg #65295
Ignore FuriousThug
7/21/2008 12:26:30 AM

Also, I've read that one of the other conditions that provide a strong shorting signal is bearpower forming a deeper bottom than any previous bottom. Frankly, I'm not seeing that happen much in the best examples looking back.
FT

chetron
2,817 posts
msg #65304
Ignore chetron
7/21/2008 6:51:44 AM

I BELIEVE THAT BILLY IS CONSIDERED THE ONLY LEADING INDICATOR AVAILABLE AND ALL OTHERS LAG. WHAT I HAVE BEEN TRYING TO KEEP IN MIND IS THAT WHETHER YOU HAVE DIVERGENCE OR CONVERGENCE WITH ANY OTHER INDICATOR, BILLY SHOULD BE LEADING THE WAY AND NOT LAGGING A LAGGING INDICATOR.

IMHO
CHETRON



WALLSTREETGENIUS
983 posts
msg #65306
Ignore WALLSTREETGENIUS
7/21/2008 10:05:18 AM

Also, I've read that one of the other conditions that provide a strong shorting signal is bearpower forming a deeper bottom than any previous bottom. Frankly, I'm not seeing that happen much in the best examples looking back.
FT
---------------------------------------------

FT -

When I Introduced the ER to this forum a few years back, one of the first things I talked about was it's uncanny way of showing negative divergence for shorting opportunities. I don't know why you aren't seeing it, because I can pull up just about any symbol on a 1-year chart, and find at least one(1) example of negative-D. Stochastics(5,3) runs a close 2nd IMO.

BTW, I'm glad some of you are seeing the power in my Williams(2). I discovered it about a year ago, and have never seen ANYTHING even come close when it comes to finding bottoms, topps, divergence (pos. or neg.), and presice entries and exits! RSI(2) isn't even in the same ballpark!...and I've been telling you people this for almost a year now. So continue to spread the good word....



- WALLSTREETGENIUS -


FuriousThug
256 posts
msg #65309
Ignore FuriousThug
7/21/2008 10:30:12 AM

I guess I've been looking for the divergence in too short a time frame. I guess the key word is "latest" (bottom), regardless of whether it's this week or a month ago.
FT

chetron
2,817 posts
msg #65326
Ignore chetron
modified
7/21/2008 10:18:38 PM

elder ray cross....
ADDED FORCE INDEX CROSS

Fetcher[


/* work in progress */
/* tachikawa */
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}

set{vbb5,bearpower 1 day ago}
set{vbb1,vbb5 * .90}
set{vbb2,vbb5 * 1.103}
set{vbb3,count(bearpower < vbb2,1)}
set{vbb4,count(bearpower > vbb1,1)}

set{vbb15,bullpower 1 day ago}
set{vbb11,vbb15 * .90}
set{vbb12,vbb15 * 1.103}
set{vbb13,count(bullpower < vbb12,1)}
set{vbb14,count(bullpower > vbb11,1)}

set{vbb113,count(bullpower < vbb15,1)}
set{vbb114,count(bearpower > vbb5,1)}

set{var23,vbb113 1 day ago}
set{var24,vbb114 1 day ago}

set{var21,vbb113 + var23}
set{var22,vbb114 + var24}
set{trigger,var21 + var22}

SET{BBHISTO,BULLPOWER + BEARPOWER}
SET{TRIG1,DAYS(BBHISTO CROSSED BELOW 0,100)}
SET{TRIG2,DAYS(BBHISTO CROSSED ABOVE 0,100)}
SET{FIHISTO,FI(2)}
SET{TRIG11,DAYS(FIHISTO CROSSED BELOW 0,100)}
SET{TRIG21,DAYS(FIHISTO CROSSED ABOVE 0,100)}

DRAW TRIG21
DRAW TRIG11 ON PLOT TRIG21

DRAW TRIG2
DRAW TRIG1 ON PLOT TRIG2

draw vbb114
draw vbb113
draw bearpower on plot bullpower

volume > 10000
close above .3
1 day slope Linear Regression(60,1.0) > .030
TRIG1 CROSSED ABOVE TRIG2
TRIG11 CROSSED ABOVE TRIG21

chart-length is 2-months

Draw RSI(2)
Draw Williams %R(2)

add column trigger
ADD COLUMN SEPERATOR
add column BLxBL
add column BRxBR
ADD COLUMN SEPERATOR
add column RSI(2)
add column Williams %R(2)

sort column 5 descending

]



chetron
2,817 posts
msg #65344
Ignore chetron
7/22/2008 8:54:15 PM


arby347
- 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?


*********************************

a simple way ....


Fetcher[

3 day slope of macd(4,8) above 0
3 day slope of close below 0

close above .3
volume above 100000


]



or a little more sophisticated....

Fetcher[

/* tachikawa */

8 day slope macd histogram(4,8) above 0
8 day slope close below 0
macd histogram(4,8) above 0
low 5 day low below low 5 day low 5 day ago
rsi(2) above rsi(2) 1 day ago
williams %r(2) above williams %r(2) 1 day ago

close above .3
volume above 100000

]



arby347
87 posts
msg #65350
Ignore arby347
7/23/2008 12:50:28 AM

Thanks TRO! How did you choose the time parameters over other larger possibilities?

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

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