StockFetcher Forums · General Discussion · Watchlist...or, Anything That Moves ? Whats your pleasure ?<< 1 2 3 >>Post Follow-up
alf44
2,025 posts
msg #41816
Ignore alf44
3/7/2006 3:52:41 PM

"...I obviously need to get a better handle on this side of trading..."

-----------------------

So do I !

This is WHY I started this thread !

I have a method...the method works okay...but, this IS an area in my trading approach that could stand some further streamlining and better organization !

The "IBD 100" approach mentioned earlier in the thread (by another poster) is prolly a pretty effective way to stay focused on "CANSLIM" type stocks that have the potential to move...AND...the "weeding out process" is done for you by IBD !

It's simple...and I like simple ! :)

I look forward to other's methods and or suggestions ! tia


Regards,

alf44



alf44
2,025 posts
msg #41819
Ignore alf44
modified
3/7/2006 4:47:09 PM

This is a scan I am currently experimenting with to find and populate my Watchlist of "Trading Stocks".

----------------------

Fetcher[/* 30/60/90 Day Average of the Day Point Range */

/* 30 day Average Daily Range Calculation */
set{30DayRngSum, sum(Day Point Range, 30)}
set{30AvgDayRng, 30DayRngSum / 30}

/* 60 day Average Daily Range Calculation */
set{60DayRngSum, sum(Day Point Range, 60)}
set{60AvgDayRng, 60DayRngSum / 60}

/* 90 day Average Daily Range Calculation */
set{90DayRngSum, sum(Day Point Range, 90)}
set{90AvgDayRng, 90DayRngSum / 90}

/* Average of the 30, 60, and 90 day Average Daily Range */
set{3060AvgDayRngSum, 30AvgDayRng + 60AvgDayRng}
set{306090AvgDayRngSum, 3060AvgDayRngSum + 90AvgDayRng}
set{306090AvgDayRng, 306090AvgDayRngSum / 3}

Show all stocks where

306090AvgDayRng is above 1.50
Price is above 10
Average Volume(65) is above 500000
Volume is above 500000

add column Average Volume(65) {avgvol65}
add column 306090AvgDayRng {AvgRng}
add column 30AvgDayRng {30AvgRng}
add column 60AvgDayRng {60AvgRng}
add column 90AvgDayRng {90AvgRng}
add column Industry

sort column 6 descending
]



-------------------------

It starts out by calculating the AVERAGE DAY POINT RANGE...

...over the last 30 days

...over the last 60 days

...over the last 90 days

Then...it takes another AVERAGE of ALL of these averages (30,60,90) ! This combined average is the main thing I use to narrow down the list. I sort this list descending to show the largest DAY POINT RANGES at the top. Obviously, I prolly wouldn't include BRK.B ! lol

I require at least an AVERAGE DAY POINT RANGE of $1.50 !

Beyond that I want stocks above $10...with Avg. Vol and Vol over 500,000 !

Crude yes...but it does return a pretty nice list of very liquid stocks that show some volatility and that have nice daily trading ranges...over a wide array of Sectors and Industry Groups !


Regards,

alf44



TheRumpledOne
6,358 posts
msg #41826
Ignore TheRumpledOne
3/7/2006 9:49:49 PM

Fetcher[
/* 30/60/90 Day Average of the Day Point Range */

/* 30 day Average Daily Range Calculation */
set{30DayRngSum, sum(Day Point Range, 30)}
set{30AvgDayRng, 30DayRngSum / 30}

/* 60 day Average Daily Range Calculation */
set{60DayRngSum, sum(Day Point Range, 60)}
set{60AvgDayRng, 60DayRngSum / 60}

/* 90 day Average Daily Range Calculation */
set{90DayRngSum, sum(Day Point Range, 90)}
set{90AvgDayRng, 90DayRngSum / 90}

/* Average of the 30, 60, and 90 day Average Daily Range */
set{3060AvgDayRngSum, 30AvgDayRng + 60AvgDayRng}
set{306090AvgDayRngSum, 3060AvgDayRngSum + 90AvgDayRng}
set{306090AvgDayRng, 306090AvgDayRngSum / 3}


/* TREND DISPLAY */

set{T10, count(30 day slope of the 30AvgDayRng above 0,1)}
set{T60, count(60 day slope of the 60AvgDayRng above 0,1)}
set{T200, count(90 day slope of the 90AvgDayRng above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{aa, a1 + a2}
Set{TREND, aa + a3}

Show all stocks where

306090AvgDayRng is above 1.50
Price is above 10
Average Volume(65) is above 500000
Volume is above 500000


add column trend
add column Average Volume(65) {avgvol65}
add column 306090AvgDayRng {AvgRng}
add column 30AvgDayRng {30AvgRng}
add column 60AvgDayRng {60AvgRng}
add column 90AvgDayRng {90AvgRng}
add column Industry

sort column 5 descending
]



I added the TREND column with a twist... I used your AvgDayRng variables to calculate the trend. A "1" means AvgDayRng is increasing and a "0" means AvgDayRng is decreasing.

HTH.

MAY ALL YOUR FILLS BE COMPLETE.


alf44
2,025 posts
msg #41828
Ignore alf44
3/7/2006 10:08:06 PM

RE: "Trend Display"

In re-writing it...as you did here...wouldn't/shouldn't :

T10 = T30 ???
T60 = T60 ???
T200 = T90 ???

-----------

Just to make the syntax easier to follow ?


Regards,

alf44



TheRumpledOne
6,358 posts
msg #41838
Ignore TheRumpledOne
3/8/2006 11:34:45 AM

Yes, Alf, you are correct... it was late, I was tired... it's the display that counts, not what's behind the curtain...lol




alf44
2,025 posts
msg #41866
Ignore alf44
3/9/2006 11:51:53 PM

A Simple But Illustrative Arithmetic Exercise

------------------------

I started thinking, after some of the posts here, just HOW MUCH TIME is spent...SHOULD be spent...do I WANT to spend...in my nightly ritual of going through my Watchlist and studying CHARTS...and CHARTS...and MORE CHARTS !!!

How many CHARTS ?

How much TIME SPENT on each CHART ?

How much time spent OVERALL ?

I decided to do some simple Arithmetic !

--------------------------

A Watchlist consisting of :


25 charts...30 seconds spent/chart ---> would require 12.5 minutes !

25 charts...60 seconds spent/chart ---> would require 25 minutes !

25 charts....3 minutes spent/chart ---> would require 1 hour & 15 minutes !

25 charts....5 minutes spent/chart ---> would require 2.08 hours !

----------

50 charts...30 seconds spent/chart ---> would require 25 minutes !

50 charts...60 seconds spent/chart ---> would require 50 minutes !

50 charts....3 minutes spent/chart ---> would require 2 hours & 30 minutes !

50 charts....5 minutes spent/chart ---> would require 4.17 hours !

----------

100 charts..30 seconds spent/chart ---> would require 50 minutes !

100 charts..60 seconds spent/chart ---> would require 1.67 hours !

100 charts...3 minutes spent/chart ---> would require 5 hours !

100 charts...5 minutes spent/chart ---> would require 8.33 hours !!!

-------------------------

Numbers don't lie !

The lesson(s) from this simple exercise...at least for ME is that :

I'm "looking" (more like glancing...definitely NOT studying) at WAAAY too many charts each night ! And...if I want the sort of "serious study" that I feel I need to be comfortable with my chart analysis...I MUST do two things !

1.) Fewer stock charts each night !

2.) More "quality" time spent on each stock chart !


Thoughts anyone ?


Regards,

alf44



TheRumpledOne
6,358 posts
msg #41868
Ignore TheRumpledOne
3/10/2006 12:09:25 AM

If you create a watch list and use DISPLAY REPORTS (mine, ones you create or both) you should be able to decide which stocks are worth looking at quickly based on your favorite selection criteria.

It could be rsi(2), linear regression, bullpower/bearpower, WARM, etc... doesn't matter... the computer does most of the work.

For the stocks that are worth considering, you can take your time looking over the charts.

Before I knew about StockFetcher, I had a watchlist in www.prophet.net.

I could go through the list in no time at all because all I was looking for was RSI(2) < 1. About 2 seconds per stock.

The ones that fit the criteria would get a second look.

Now with StockFetcher, I get reports emailed to me. I look those over and see what stocks I want to trade... so many stocks, so little time...lol

MAY ALL YOUR FILLS BE COMPLETE.


alf44
2,025 posts
msg #41871
Ignore alf44
modified
3/10/2006 1:21:44 AM

RumpledOne, thanks for the comments !


Regards,

alf44



heypa
283 posts
msg #41880
Ignore heypa
3/10/2006 12:35:23 PM

Seems to me that your scans should select your stocks for consideration.A glance will tell you whether to pass or study.The real time lost is time waiting for stockfetcher to process and produce the charts.Charting sites such as Quotes plus which download the data to your hard drive where you process it will rapidly click from chart to chart saving process time (working off line) ,but none that I know of will give you the cost/value given by stockfetcher.Everything is a compromise. Live long and prosper.


StockFetcher Forums · General Discussion · Watchlist...or, Anything That Moves ? Whats your pleasure ?<< 1 2 3 >>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