StockFetcher Forums · Filter Exchange · EMA(25) with NVI and PVI<< >>Post Follow-up
snappyfrog
536 posts
msg #158493
Ignore snappyfrog
modified
2/1/2022 7:20:05 AM

Always being one to play with different combinations of indicators
on swing setups, the early morning is a quiet time to ponder situations
such as this.

I am looking at the Weekly EMA(5) plotted on a daily chart, therefore;
plotted as EMA(25). So, when close has crossed above the EMA(25),
we know that we have a possible start to an uptrend move.

Adding the NVI (negative volume index) and PVI (positive volume index),
I am looking for each of these indicators to be higher than they were 5 days ago.

So, with a possible uptrend move, along with Institutional traders (NVI)
and Retail traders (PVI) supporting the move, I am looking at the first signal
after a downtrend.

You can look at "historical" on any chart to see what I mean by the
1st signal.

Fetcher[
market is not otcbb
market is not etf
price > 1
optionable
volume > 1000000
close > ema(25)
nvi > nvi 5 days ago
pvi > pvi 5 days ago
]



Anyone want to add to this or suggestions?

snappyfrog
536 posts
msg #158494
Ignore snappyfrog
2/1/2022 7:25:49 AM



xarlor
499 posts
msg #158497
Ignore xarlor
2/1/2022 8:52:32 AM

I like your pre-market musings, snappy!

After reviewing several charts with your filter, one big question jumped out. What's a good exit strategy that gets us out of false signals or takes profits off the table? I decided on "When 2 of the 3 conditions are false, exit." Below is the visualization of your entry and my exit.

Fetcher[
market is not otcbb
market is not etf
price > 1
optionable
volume > 1000000
set{x1,count(close > ema(25),1)}
set{x2,count(nvi > nvi 5 days ago,1)}
set{x3,count(pvi > pvi 5 days ago,1)}

set{long1,x1 * x2}
set{long,long1 * x3}
long > 0

set{y1,count(close < ema(25),1)}
set{y2,count(nvi < nvi 5 days ago,1)}
set{y3,count(pvi < pvi 5 days ago,1)}

set{exit1,y1 + y2}
set{exit2,exit1 + y3}
set{exit,count(exit2 > 1,1)}
exit > -1

draw ema(25)
draw nvi
draw pvi
]



snappyfrog
536 posts
msg #158502
Ignore snappyfrog
2/1/2022 7:11:51 PM

Unfortunately, I can't see the advanced subscription.
I presently use a trailing stop loss for protection.

snappyfrog
536 posts
msg #158503
Ignore snappyfrog
2/1/2022 7:16:49 PM

Maybe,

Fetcher[
market is not otcbb
market is not etf
price > 1
optionable
volume > 1000000
set{cl25, count (close > ema(25), 1)}
set{nv5, count (nvi > nvi 5 days ago, 1)}
set{pv5, count (pvi > pvi 5 days ago, 1)}
set{var1, cl25 + nv5}
set{var2, var1 + pv5}
draw var2
close > ema(25)
nvi > nvi 5 days ago
pvi > pvi 5 days ago
]



snappyfrog
536 posts
msg #158510
Ignore snappyfrog
2/2/2022 5:58:31 AM

I really don't like using the EMA, NVI and PVI to determine the exit point.
My preference would be a standard ATR stop loss or a trailing
stop loss using an EMA of about 1/2 of the EMA used for entry.

In this case, since the EMA(25) is used as an entry, I would use
a CLOSE BELOW the EMA(13) or less as an exit strategy.

Fetcher[
market is not otcbb
market is not etf
price > 1
optionable
volume > 1000000
close > ema(25)
nvi > nvi 5 days ago
pvi > pvi 5 days ago
draw ema(13)
]



StockFetcher Forums · Filter Exchange · EMA(25) with NVI and PVI<< >>Post Follow-up

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