StockFetcher Forums · General Discussion · 5 day median<< 1 2 3 >>Post Follow-up
Cacher
121 posts
msg #79397
Ignore Cacher
modified
9/16/2009 1:34:30 PM

RONUN ... you read the book "Dynamic Trading Indicators." ... so I was hoping you could enlighten us on how to use this indicator in a filter. Or perhaps perhaps to point to entry or exits on a stock in your watch list ? ... ie...when the 10 MA crosses above it then BUY ... crosses below it SELL ????

(oops ...I originally addressed this to Kevin_in_GA .... meant to be asking RONUN)


Kevin_in_GA
4,538 posts
msg #79412
Ignore Kevin_in_GA
modified
9/16/2009 3:35:23 PM

Cacher:

My comment was based on the fact that all this does is generate a line on your chart - not a screen per se. I get 3800 stocks that come up - not all that helpful unless used in combination with other strategies.

How does ronun intend to use this? What edge would this provide to traders? That is what I was getting at.

Cacher
121 posts
msg #79431
Ignore Cacher
modified
9/16/2009 6:36:36 PM

Kevin ...yah, definately an indicator.

...but use it with a moving average cross-over and a good filter is born ... so I threw this as a quick possibility ... and I must say ... withing the recent rally it is performing well.

Fetcher[
SET{VAR1,HIGH + LOW}
SET{VAR2,SUM(VAR1,5)}
SET{VAR3,VAR2 / 10}

/* take a look at VAR3 relationship with 10 day Moving Average */
DRAW VAR3
and draw MA(10) on plot VAR3
and VAR3 crossed above MA(10)

/* my typical weeding out the stock I won't trade */
and price is greater then 5
and volume is greater then 150000

/* for simple backtest - for today results change to "0 days agao" */
and offset 3 days ago
]



Cacher
121 posts
msg #79432
Ignore Cacher
9/16/2009 6:48:07 PM

...or if looking for SHORTS ... performed very well within this simple backtest of 3 days.

Fetcher[
SET{VAR1,HIGH + LOW}
SET{VAR2,SUM(VAR1,5)}
SET{VAR3,VAR2 / 10}

/* take a look at VAR3 relationship with 10 day Moving Average */
DRAW VAR3
and draw MA(10) on plot VAR3

/* for long change to "cross above" for shorts change to "cross below" */
and VAR3 crossed below MA(10)

/* my typical weeding out the stock I won't trade */
and price is greater then 5
and volume is greater then 150000

/* for simple backtest - for today results change to 0 days agao */
and offset 3 days ago
]



ronun
27 posts
msg #79452
Ignore ronun
9/17/2009 5:40:01 AM

The equations described in "Dynamic Trading Indicators" convert the daily price range into a normal distribution (bell curve)of daily stock prices. Not an easy read, in my opinion. This enables a trader to observe when price reaches 2 or 3 sigma price extremes. I expect to use this to confirm MACD/price divergence.

This wil describe the basics of the book although no figures are included:
http://www.freshpatents.com/-dt20090827ptan20090216684.php?type=description

I believe you need the book to dig out the details but the esentials are there.

If you want to buy the book:
http://www.amazon.com/Dynamic-Trading-Indicators-Winning-Profile/dp/0471215570/ref=ntt_at_ep_dpt_1

Found a cheaper price:
http://fxebooks.net/mark-helweg-david-stendahl-dynamic-trading-indicators-winning-with-value-charts-and-price-action-profile-p-12.html

This shows a sample with the value chart display:
http://www.traderslaboratory.com/forums/f46/value-chart-indicator-3393.html

Apparently StockFetcher doesn't accept hyperlinks so you'll have to copy and paste. Sorry

ronun






chetron
2,817 posts
msg #79455
Ignore chetron
modified
9/17/2009 6:46:45 AM

THEY DO ACCEPT HYPERLINKS, IF YOU DO THEM RIGHT = D

PIX

VIDEO THINGY





chetron
2,817 posts
msg #79457
Ignore chetron
9/17/2009 8:06:57 AM

THIS IS THE SAME IDEA AS ELDER'S BULL/BEAR POWER INDICATOR. HE LIKED USING THE EMA(13) AS THE MIDRANGE.

HTH


chetron
2,817 posts
msg #79538
Ignore chetron
modified
9/17/2009 8:49:05 PM

HOW ABOUT.....

OOPS, SORRY, THIS IS AN ADVANCED FILTER....

Fetcher[

SET{VAR1,HIGH + LOW}
SET{VAR2,SUM(VAR1,5)}
SET{VAR3,VAR2 / 10}

SET{VAR4,COUNT(HIGH BELOW VAR3,1)}
SET{VAR5,LOW * VAR4}

SET{VAR14,COUNT(LOW ABOVE VAR3,1)}
SET{VAR15,HIGH * VAR14}

SET{VAR16,VAR5 + VAR15}
SET{VAR17,COUNT(VAR16 BELOW LOW,1)}

SET{VAR18,VAR17 * VAR3}
SET{VAR19,VAR18 + VAR16}
SET{VAR20,VAR19 - VAR3}

set{vSD,cstddev(VAR3,20)}
set{vSD20,1 * vSD}
set{vBOLU,VAR3 + vSD20}
set{vBOLD,VAR3 - vSD20}


DRAW VAR20
DRAW VBOLU ON PLOT VAR3
DRAW VBOLD ON PLOT VAR3

DRAW VAR3
draw VAR19 on plot VAR3
VAR3 crossed above VAR19

]



Cacher
121 posts
msg #79549
Ignore Cacher
9/17/2009 10:51:15 PM

Looks interesting ... but I get this :

Your StockFetcher filter exceeds filter performance restrictions.


To run this filter, please upgrade to the StockFetcher Advanced subscription level.

...ouch.



chetron
2,817 posts
msg #79562
Ignore chetron
9/18/2009 7:12:03 AM

sorry, Cacher, i can't reduce it.

StockFetcher Forums · General Discussion · 5 day median<< 1 2 3 >>Post Follow-up

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