StockFetcher Forums · Filter Exchange · McClellan Oscillator and SPY<< 1 2 3 4 >>Post Follow-up
Mactheriverrat
3,132 posts
msg #159585
Ignore Mactheriverrat
9/13/2022 9:00:05 PM

Well after reported higher inflation for August and the market selloff today means more pain for anything Bullish for now. Being a election year it all figures

snappyfrog
651 posts
msg #159586
Ignore snappyfrog
9/13/2022 10:35:16 PM

Agreed

xarlor
561 posts
msg #160176
Ignore xarlor
3/24/2023 9:28:01 AM

snappy, I've modified your original filter and been using it for several months now and it's a damn solid swing trade filter. Big kudos to you for discovering and introducing us to this creative way of using ADV/DEC ratio as entries!

My strategy ignores RSI(14). Yes, it will occasionally get you in a fake, but I'd rather take the small loss than miss a good run. What's a good run? A 100% profit, which has happened several times since I started using the filter in October 2022.

I use the filter to inform an entry on TQQQ. I know the filter is based on SPY, but SPY and QQQ follow each other close enough to work. Using TQQQ allows for larger profits (and losses!).

My rules:

Buy ATM TQQQ call 45 DTE after low_match_today is blank following a tick yesterday
Buy ATM TQQQ put 45 DTE after high_match_today is blank following a tick yesterday
(when buying, you're also selling to close the previous position if you still hold it)

There is still some judgement required on exiting early to lock in profits. For example, if I'm at a decent profit, I'm likely to exit as soon as a tick on the opposing side appears instead of holding until the blank.

Fetcher[
/*
Buy ATM TQQQ call 45 DTE after low_match_today is blank following a tick yesterday
Buy ATM TQQQ put 45 DTE after high_match_today is blank following a tick yesterday
(when buying, you're also selling to close the previous position if you still hold it)

https://www.stockfetcher.com/forums/Filter-Exchange/McClellan-Oscillator-and-SPY/159252/99999
*/
apply to symlist(SPY,TQQQ)
set{vara,ind(^advn,close)}
set{vard,ind(^decn,close)}
set{var,vara - vard}
set{var1,cema(var,39)}
set{var2,cema(var,19)}
set{mcclellan,var2 - var1}
draw mcclellan 10 day low
draw mcclellan 10 day high
draw ema(13)
add column separator
add column mcclellan 10 day low
add column mcclellan
add column mcclellan 10 day high
draw rsi(14) line 53
draw rsi(14) line 47

set{m10l,mcclellan 10 day low}
set{m10h,mcclellan 10 day high}
set{m10ly,mcclellan 10 day low 1 day ago}
set{m10hy,mcclellan 10 day high 1 day ago}
set{mcy,mcclellan 1 day ago}

set{call1,m10ly divided by mcy}
set{call2,abs(call1)}
set{call3,m10l divided by mcclellan}
set{call4,abs(call3)}

set{low_match_today,count(call4 equals 1,1)}
low_match_today > -1

set{put1,m10hy divided by mcy}
set{put2,abs(put1)}
set{put3,m10h divided by mcclellan}
set{put4,abs(put3)}

set{high_match_today,count(put4 equals 1,1)}
high_match_today > -1

add column call2
add column call4
]



snappyfrog
651 posts
msg #160179
Ignore snappyfrog
3/24/2023 9:10:25 PM

Thanks for your kind words. I wish I could see what you are seeing, but this requires an advanced subscription.

snappyfrog
651 posts
msg #160182
Ignore snappyfrog
3/25/2023 8:29:09 AM

I do understand what you are doing. I looked at it for QQQ before and it worked fine.

I didn't consider doing it on the leveraged products like TQQQ. Nice wins for you at 100%. I love that.

hectorlopez9
1 posts
msg #160184
Ignore hectorlopez9
3/25/2023 11:26:26 AM

Stupid question. How do I add your filter to MyFilters?

Mactheriverrat
3,132 posts
msg #160185
Ignore Mactheriverrat
3/25/2023 10:02:52 PM

@ hectorlopez9
Click so his filter will load. Then hit save and use a name for it.

Mactheriverrat
3,132 posts
msg #160186
Ignore Mactheriverrat
3/25/2023 10:02:52 PM

@ hectorlopez9
Click so his filter will load. Then hit save and use a name for it.

snappyfrog
651 posts
msg #160223
Ignore snappyfrog
modified
3/31/2023 1:28:59 PM

xalor,
I see the TQQQ Apr 21 $22 call bought on the signal on Mar 14th cost $220 at open and is now worth $610 if held through the pullback.

Very nice! Hope you held through today!

xarlor
561 posts
msg #160225
Ignore xarlor
3/31/2023 3:15:22 PM

Hah! Not holding. I did buy 23 CALLs on 3/14. However, I sold at the open on 03/23 when the PUT side triggered the day before. Got a cool 102% profit, so I'm not even mad.

StockFetcher Forums · Filter Exchange · McClellan Oscillator and SPY<< 1 2 3 4 >>Post Follow-up

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