StockFetcher Forums · General Discussion · Moving averages and trends<< 1 2 3 4 >>Post Follow-up
graftonian
439 posts
msg #128460
Ignore graftonian
5/14/2016 11:38:04 PM

Ibank: Which of Elders books are you recommending?


Mactheriverrat
1,328 posts
msg #128461
Ignore Mactheriverrat
modified
5/15/2016 12:10:54 AM

Elders books are good. I don't know if people know this but one can down load for free books off the internet if people just put PDF after their search say a google search would be:

Trading for a living Elder PDF



I'm just talking about the EMA(13) and how price moves above or below it start's a new trend if it isn't a sideways movement.
I know that the EMA(13) isn't going to do good on every stock. I've added the MA(20) as intermediate trend and the MA(4) as a very short term line to watch as if its moving back towards the EMA(13) to be on guard.

I just using a simple filter to filer to study stocks like NVDA. One can see by filters with a Chart-time is 10 months that there are a lot of moves of different stocks. I will use ADR(30) later to narrow these filter down later maybe starting with ADR(30) above 3.00 and say 500000 shares with a Market is not OTCBB and Market is the ETF.

To me its about finding and seeing the trends in its simplest form first. Then add a few indicators to see oversold area's . Maybe a RSI(4) and a RSI(18) above 50. Same here these RSI indicators act different with each stock. Looking what is the past historical tops for the RSI(4).





graftonian
439 posts
msg #128463
Ignore graftonian
5/15/2016 10:39:33 AM

Mac, Thanks for the tip, you just saved vme some bucks. I guess I owe you a beer.

pthomas215
1,029 posts
msg #128464
Ignore pthomas215
5/15/2016 11:48:19 AM

mac, what ibankcoin was saying earlier about weekly macd divergence was what I was referring to. I saw the same analysis on a Fidelity webinar. Do you think you can use this sort of analysis for swing trading, or just value investing?

Mactheriverrat
1,328 posts
msg #128465
Ignore Mactheriverrat
modified
5/15/2016 12:21:56 PM

@graftonian Roger on the beer sometime. Down at the Boat club by the river in grafton. :-)

@ Pthomas Yes one could use MACD in swing trading . To me the 12,26,9 is too slow IMHO but if it works for anybody then by all means use it.

A popular on is the MACD 3,10,16

Here'a some code that FOUR built using a MACD 2,10, 16 without the histrogram

set{macdema, cema(macd(2,10),16)}
set{macdfast, macd fast line(2,10,16)}
draw macdfast on plot macdema


four
4,003 posts
msg #128466
Ignore four
modified
5/15/2016 12:51:04 PM

MAC,
look at williams60 for trend
rsi15 for entry (on pullback)



Fetcher[
set{x, rsi(15)}
draw x line at 50
draw williams %R(60) line at -20
draw williams %R(60) line at -80
low < 80
low > 12
volume > 821321
add column annual dividend yield
]



graftonian
439 posts
msg #128467
Ignore graftonian
5/15/2016 1:36:53 PM

Just another way of looking at the problem

Fetcher[symlist(NVDA)
draw ema(13)

set{x1, low}
set{x2, x1 + high}
set{x3, x2 + open}
set{x4, x3 + close}
set{x, x4 / 4}
draw x
set{ema13, ema(13)}
draw ema13 on plot x
set{cross, count(x crossed above ema13, 1)}
draw cross
]



Mactheriverrat
1,328 posts
msg #128468
Ignore Mactheriverrat
5/15/2016 1:57:00 PM

Roger!
To me- Price above ema(13) and RSI(9) above 50
ride the trend
Wash , rinse and repeat!


pthomas215
1,029 posts
msg #128469
Ignore pthomas215
5/15/2016 4:15:39 PM

Mac just to be clear, you are saying "Price above ema(13) and RSI(9) above 50" Implies a great bullish swing trade, given exponential moving average reaching new levels and strength high but not in oversold territory?

Paul

Mactheriverrat
1,328 posts
msg #128470
Ignore Mactheriverrat
5/15/2016 7:41:08 PM

Yes - Price crossed above EMA(13) and the RSI(9) crossed above 50 . To me is Bullish

StockFetcher Forums · General Discussion · Moving averages and trends<< 1 2 3 4 >>Post Follow-up

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