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mehrdad25@sbcglobal.net
11 posts
msg #32895
Ignore mehrdad25@sbcglobal.net
8/20/2004 1:34:02 AM

I have recently joined stockfetcher.com and I am trying to create a filter with following factors:

http://stockcharts.com/education/TradingStrategies/lastStochastic.html

K39 - The Last Stochastic Technique
A study published in "The Encyclopedia of Technical Market Indicators" found that some very good signals were given by an unsmoothed 39 period stochastic oscillator (K = 39, no signal line). A buy signal is generated when K crosses above 50% and the closing price is above the previous week's high close. Sell and/or sell short signals are created when the K line crosses below 50% and the closing price is below the previous week's low close.

Anyone knows how to write the correct factors in the sreen box (Stockfetcher.com) to screen for the "The Last Stochastic Technique" described above?
1- Unsmoothed 39 period stochastic oscillator (K = 39, no signal line)
2- On Balance Volume (OBV) indicator along with a 30 day MA added as a signal line.
I hope I am making some sense here!
Thanks in advance.


robdavis
69 posts
msg #32896
Ignore robdavis
8/20/2004 4:59:19 AM

Mehrdad,
Fetcher[/*TO BUY*/
Show stocks where
close is between 1 and 250
and average volume(90) is above 50000
and volume 30 day low is greater than 50000
and Slow Stochastic(39,1) Fast %K has crossed above 50 in last 1 day
and close is above close 1 day ago
and close is above close 2 days ago
and close is above close 3 days ago
and close is above close 4 days ago
and close is above close 5 days ago
and draw Slow Stochastic(39,1)
and draw Average OBV(30)
]


Fetcher[/*TO SELL OR SHORT SELL*/
Show stocks where
close is between 1 and 250
and average volume(90) is above 50000
and volume 30 day low is greater than 50000
and Slow Stochastic(39,1) Fast %K has crossed below 50 in last 1 day
and close is below close 1 day ago
and close is below close 2 days ago
and close is below close 3 days ago
and close is below close 4 days ago
and close is below close 5 days ago
and draw Slow Stochastic(39,1)
and draw Average OBV(30)
]


I hope this helps,

Rob


mehrdad25@sbcglobal.net
11 posts
msg #33015
Ignore mehrdad25@sbcglobal.net
8/27/2004 2:43:07 AM

Thanks Rob.


xraywiz
22 posts
msg #33024
Ignore xraywiz
8/27/2004 3:29:41 PM

Mehrdad,
I just ran one back test of this filter for 3 days ago. In both cases, the results were generally the opposite of what you might expect: "Shorts" did better Long, "Longs" did better short! That may be just one fluky day, but it'd behoove you to run a full test. These are weird times...
Enjoy life-- and prosper.
xraywiz



mhashe
13 posts
msg #33032
Ignore mhashe
8/28/2004 6:03:18 AM

xraywiz, looking at the results, his scan picks channeling stocks. The long scan picks stocks right at the supply/resistance area. And the Short scan picks stocks at the demand/support area. In a bull market the results may differ.


mehrdad25@sbcglobal.net
11 posts
msg #33053
Ignore mehrdad25@sbcglobal.net
8/30/2004 2:04:02 AM

xraywiz
I have also backtested by following picks for a couple of weeks, that is "after" they are picked by the filter.
Backtesting into the past three days (from the time that they are filtered) doesn't necessarily mean that they would have been picked by the filter!!
Reading back what I just wrote looks very strange!! Hope it makes some sense. Let me know what you think.
Thanks for your input.


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