StockFetcher Forums · General Discussion · Filter Help/Advice<< >>Post Follow-up
oldsmar52
104 posts
msg #34881
Ignore oldsmar52
1/14/2005 7:51:02 AM

I'm wanting to run a filter dealing with on balance volume...that seems like a great way to help find stocks at their bottom. Does anyone use obv in their filters? And, if so, how are your results? Could anyone offer me advice on building a filter using it?
Thanks much,
Frank


jpistell
123 posts
msg #34887
Ignore jpistell
1/14/2005 2:21:59 PM

olds,
OBV is a trend following indicator. If you use it for bottom fishing, a bullish divergence would be a good signal. (example: see POWI right here at $17.32) Take a look at VWMACD also.

All I've ever used obv for is to confirm a price over over a MA.

example:
Fetcher[
show stocks were price is above 4
and avgvol(90) is > 100000

and obv 10 days ago has been below cwma(obv,50) for the last 40 days
and obv has crossed above cwma(obv,50) within the last 9 days
draw cema(pp,50)

and date offset is 48
]



G'Luck,
Trader Joe



StockFetcher Forums · General Discussion · Filter Help/Advice<< >>Post Follow-up

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