StockFetcher Forums · General Discussion · Help w/Triple Screen Set-up...<< >>Post Follow-up
gscott66
7 posts
msg #31448
Ignore gscott66
3/18/2004 1:11:41 PM

Can anyone please help me write a Triple Screen filter based on the one's that were introduced in both of Dr. Elder's books? I have tried with no lasting success. If you are not familiar with it, here are the parameters...Weekly MACD on the rise (above the zero line) and Daily Force Index below the center line. The 3rd screen must be monitored by intraday methods, so I don't think that needs to be filtered. If you have any additional input I would greatly appreciate it. I am a novice to SF, but have been impressed with the members of this group. Thanks in advance!

Scott


gscott66
7 posts
msg #31452
Ignore gscott66
3/18/2004 3:45:38 PM

If you do not have a Elder's books then visit http://www.investopedia.com/articles/trading/ for a great intro to his Triple Screen and Force Index.

Scott


Boris
5 posts
msg #31471
Ignore Boris
3/20/2004 11:47:01 AM

Hi Scott
Here is my suggested filter for what you're looking for

Fetcher[show stocks where weekly MACD histogram has been increasing for last 1 day
and weekly MACD histogram is above 0 and Force Index(2) is below 0
]



However, there are a couple pf problems with this. My understanding of Elders approach is that the first level screen is supposed to determine the direction of the overall market. This can be done by looking at the main indeces (SP500, DOW etc), but I don't think this can be done with SF. The weekly MACD Histogram filter only relates to individual stocks.
Another problem is with the Force Index. This appears to be a value that can have a very big range, so although it's possible to screen for a value below zero, I think it would be extremely difficult to screen for a particular value or level.
I hope this is helpful
Boris


gscott66
7 posts
msg #31475
Ignore gscott66
3/20/2004 8:35:04 PM

Boris,

Thank you...I see what you mean...I had a lot of hits...but I will figure a way to narrow the list with price and volume and work from there...once again thank you!

Scott


StockFetcher Forums · General Discussion · Help w/Triple Screen Set-up...<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus