bpmiller1
26 posts
msg #69563
- Ignore bpmiller1
modified |
12/4/2008 8:22:03 PM
Greetings , Does anyone know this filter on this site under another name or know how to write it?
Using a 10-period SMA, 20-period EMA and 30-period EMA, these are the rules for a buy setup (short sales are reversed):
1. The moving averages should converge and spread out again, giving the appearance of a bow tie. At this point the moving averages should be in proper uptrend order: 10-day SMA > 20-day EMA > 30-day EMA.
2.Today’s low must be lower than yesterday’s low.
3. Go long on a move 1⁄8 above today’s high.
4. If not filled, continue to work a buy order 1⁄8 above the prior day’s high until either filled or the low trades below the 20-day EMA.
Full details: http://www.traderslog.com/bowtie.htm
Thanks, for any help.........
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