morsan
27 posts
msg #97668
- Ignore morsan |
11/29/2010 5:46:53 AM
From Stockbee's blog:
Mark Boucher in his book details his Momentum/ Relative Strength based system for trading the world markets, the commodities, and the stocks. At the heart of his equity selection method is momentum. He use a weighted average Rate of Change or ROC to rank stocks. He offers two methods for equity selection based on whether you are long term traders or short term traders.
For Short Term Traders
( (2 * C * 100 / C5) + (2 * C * 100 / C25) + ( C * 100 / C40) ) / 5
He advises focusing on top 20% stocks by this kind of ROC scan.
The code is for trade station I think and I don't know how to translate it for Stockfetcher, maybe someone here knows how to do it.
Many Thanks,
Morsan
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reels
29 posts
msg #97673
- Ignore reels |
11/29/2010 4:21:15 PM
maybe this....
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morsan
27 posts
msg #97684
- Ignore morsan |
11/30/2010 11:20:46 AM
Many thanks reels, much appreciated.
Im not the best at coding so forgive me if I ask the obvious. Where do I cut in the filter to get the short term filter "( (2 * C * 100 / C5) + (2 * C * 100 / C25) + ( C * 100 / C40) ) / 5"?
i plan to use it against zacks ranks #1, and I hope that the market will continue to move up, even if it doesn't look so today.
Many Thanks,
Morsan
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Kevin_in_GA
4,599 posts
msg #97689
- Ignore Kevin_in_GA |
11/30/2010 4:23:34 PM
add the following lines:
"add column STT
add column LTT
sort on column 5 descending"
This will sort the stocks from the strongest short-term strength to the weakest.
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reels
29 posts
msg #97690
- Ignore reels |
11/30/2010 4:54:55 PM
Hi, you're welcome Morsan,
this is the "short time" part with place for Wlist or pick tickers to
examine freely with no select coding.
HTH
Reels
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morsan
27 posts
msg #97697
- Ignore morsan |
12/1/2010 3:42:19 AM
Once again, Many thanks reels and Kevin_in_Ga.
Morsan
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jackmack
334 posts
msg #118681
- Ignore jackmack |
3/20/2014 3:11:50 PM
I am not the best at changing code around and really have a hard time but can someone help me with this and set up the long term version?
Thank you in advance if you are able to help.
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miketranz
956 posts
msg #118683
- Ignore miketranz |
3/20/2014 5:27:15 PM
Look here for strength:/* TACHAKAWA 2 */
set{vmax,max(open,close)}
set{vmin,min(open,close)}
draw price line at vmax 5 day high 55 day ago
draw price line at vmax 5 day high 34 day ago
draw price line at vmax 5 day high 21 day ago
draw price line at vmax 5 day high 13 day ago
draw price line at vmax 5 day high 8 day ago
draw price line at vmin 5 day low 55 day ago
draw price line at vmin 5 day low 34 day ago
draw price line at vmin 5 day low 21 day ago
draw price line at vmin 5 day low 13 day ago
draw price line at vmin 5 day low 8 day ago
PRICE above ma (50)
RSI above 50
price between .15 and 25 volume above 500000
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jackmack
334 posts
msg #120241
- Ignore jackmack |
5/29/2014 2:19:46 PM
reels - nice work on this one.
Do you use Stratasearch?
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djones000buck
206 posts
msg #120245
- Ignore djones000buck |
5/29/2014 10:29:47 PM
Click able
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