strictlyHC
2 posts
msg #35428
- Ignore strictlyHC |
3/23/2005 4:37:39 PM
Using the Williams %R to indicate an oversold stock along with the MACD histogram to indicate a stock that momentum is about to hit the 0 line and move upward indicating an upward trend in momentum approaching will provide a good opportunity to buy and hold for a significant gain. The price channel is used to guard against viewing stocks that are in erratic trends due to news or earnings. Using either a standard parallel channel or an increasing channel to have a safe pick within in an upward trend provides better results while also avoiding a decreasing channel for apparent reasons. It is actually quite simple, and if anyone can help focus the indicator, please respond.
Price trading near the bottom of a increasing 90 day channel
Show stocks where Williams %R (14) crossed below -80.00 within the last 3 days
and Average Volume(90) is above 50000
and close is between 2 and 250
and Show stocks where MACD histogram(12,26) is between -2 and 0
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