StockFetcher Forums · General Discussion · Most reliable short term indicator<< 1 2 3 4 >>Post Follow-up
welliott111
98 posts
msg #76493
Ignore welliott111
7/15/2009 6:06:49 PM

Thanks chetron for the explanation

Kevin_in_GA
4,548 posts
msg #76542
Ignore Kevin_in_GA
modified
7/16/2009 12:01:24 PM

I do something like this:

Fetcher[show stocks where the weekly MACD Histogram(2,3,9) crossed above 0
and close is above 1
and draw weekly MACD(2,3) line at 0
]



This is a very simple screen, so it generates a lot of hits. I have a watchlist of about 70 stocks and indicies that I monitor to get the weekly values each day and import them in to Excel.

I use 2x leveraged ETFs to trade, and this has worked quite well. Historically I have waited until the end of the week to trade on the weekly signal, but my daily analysis indiates that the vast majority of the time once the daily value for this indicator crosses above 0, it stays there for the rest of the week. Here are the last 4 trades I made using this system:

DTO: Bought 125 shares at 72.91 on 6/15. I stopped out at 92.00, ahead of any MACD signal (currently it is at 93.27, a yield of 28%).

ZSL: Bought 900 shares at 8.68. on 6/15. I should have bought it on 6/8 at the open price of 7.95, but was out of the country on travel and didn't think to do it. Stopped out yesterday at 9.64 (a yield of 11%). MACD signal is still positive - today the stock is at 9.53

GLL: Bought 400 shares at 15.34, sold at 15.34 - gold has oscillated sideways lately, and I got out losing only the trade costs.

SSG: Bought 100 shares at 38.35 on 6/22. Stopped out at 35.00 for a 9% loss. Stock is currently at 29.78.

Net return was 10.7% for the month, with only four trades.

The nice thing about this indicator, when used with ETFs like the ones above, is that when it gives you a sell signal on one, it equals a buy signal on the inverse. I'm in all cash right now, since this is OPX week and the markets act strangely. I'll wait until end of the day tomorrow to set my strategy, then watch the futures on Monday morning to decide if I jump back in on the long side.

bocacob
3 posts
msg #76545
Ignore bocacob
7/16/2009 1:07:39 PM

I have a question regarding the RSI. You indicate that you use the RSI(2). What does the 2 mean? My platform gives me a default of RSI 25. And then RSI ADPT 14. Thank you for your help.

chetron
2,817 posts
msg #76550
Ignore chetron
7/16/2009 1:49:15 PM

2 bars of info used v. 25 bars


hth

Kevin_in_GA
4,548 posts
msg #76551
Ignore Kevin_in_GA
7/16/2009 2:50:45 PM

I do not use weekly charts for this one - I simply add the setting "Draw weekly MACD(2,9) line at 0" to my chart settings and use the daily default.

I review each chart in my watchlist every night, in addition to downloading the data into Excel. This does not work on indices for the charts, but you do get the MACD values for them in the watchlist download.

welliott111
98 posts
msg #76555
Ignore welliott111
7/16/2009 4:13:47 PM

Thanks for the info Kevin

mystiq
650 posts
msg #76569
Ignore mystiq
modified
7/17/2009 1:14:43 AM

**a little spice**
Fetcher[
average volume (50) above 200000 and close above 0.25 and set {z%,weekly atr (8)/weekly ma (8)} and stock is optionable AND WEEKLY RSI(2) BELOW 20 AND Z% above 0.20 and weekly rsi(2) below 20
volume < volume 1 day ago
low > low 1 day ago
draw weekly VWMACD histogram(2,3,1) on plot weekly MACD Histogram(2,3,9)
]







chetron
2,817 posts
msg #76664
Ignore chetron
7/19/2009 10:44:52 PM

I HAVE BEEN THINKING ABOUT THIS, AND I HAVE CONCLUDED THE ADR IS THE RELIABLE, YOU CAN USE ALMOST ANYTHING FOR AN ENTRY, BUT WHAT IS GOING TO BRING HOME THE BACON IS THE ADR, AND THIS WOULD INCLUDE EVEN THE MOST CRUDE FORMS OF ADR, THE EVER PRESENT "HIGH - LOW" FORMULAS THAT ARE PREVALENT THROUGHOUT THE FORUMS.

NOW I AM NOT SURE WHCIH IS THE BEST TIMEFRAME FOR IT, BUT IT IS THE MOST RELIABLE ON ALL INDICATORS, IMHO




13th_floor
724 posts
msg #76666
Ignore 13th_floor
7/19/2009 11:51:06 PM

Sqwii
- Ignore Sqwii 7/13/2009 5:06:27 PM

Okay, all of us in here have been trying a lot of different strategys and filters.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Speak for yourself!

SFMc01
296 posts
msg #76669
Ignore SFMc01
7/20/2009 8:01:51 AM

CHETRON: Re ADR:

Would you mind sharing a filter or two that you use to select possible long and short opportunities for further review or watching the next day?

Thank you ..... Steve

StockFetcher Forums · General Discussion · Most reliable short term indicator<< 1 2 3 4 >>Post Follow-up

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