StockFetcher Forums · Filter Exchange · TRADING THE DOW JONES INDEX<< >>Post Follow-up
TheRumpledOne
6,407 posts
msg #48582
- Ignore TheRumpledOne
modified		 12/12/2006 11:59:28 PM

Fetcher[
show stocks where market is dow 30

/* Basic Filter for newbies and old pros */

set{E36b,days(ema(3) is above ema(6),100)}
set{E36a,days(ema(3) is below ema(6),100)}
set{E3xE6, E36a - E36b}

set{E50200b,days(ma(50) is above ma(200),100)}
set{E50200a,days(ma(50) is below ma(200),100)}
set{M50xM200, E50200a - E50200b}

set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CxC, CCa - CCb}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}


set{E50b,days(close is above ma(50),100)}
set{E50a,days(close is below ma(50),100)}
set{CxM50, E50a - E50b}

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

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

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

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

and add column Trend

and add column VolCnt
and add column Vdbl
and add column VolZ



and add column CxC {CxC_}
and add column CxE5 {CxE5}

and add column E3xE6 {E3xE6}
and add column E13xE26 {E13xE26}


and add column CxM50
and add column CxM200
and add column M50xM200

add column rsi(2)
add column weekly rsi(2)

sort column 5 descending
]



I wonder if just looking at the TREND column would work? Hmmmmmmmm....

http://www.insight.net/dow-online-trading-manual-07.htm

TRADING THE DOW JONES INDEX: STEP-BY-STEP
Your Online Trading Guide...





Going Against The Herd Mentality



Think of a pendulum which swings from one extreme to the other. There is a natural energy in every dynamic movement from push to pull and back...



Whenever a stock rises, the trend of that stock gathers pace. More and more investors start to convince themselves that the stock will probably continue to rise indefinitely… So, more and more of the 'herd' [including lesser performing fund managers, institutional players, and individual investors] continue to ‘load up’ on stocks – everyone seems to believe the trend will continue for ever more. This is the mistake that the "daft-money" [the herd instinct] makes…



It is always when the majority of the crowd is buying that the trend is at it's strongest and everyone assumes the stock is going to the moon!



At this point, there are specific measures such as volume measurements [specifically bid-side volume], accumulation & distribution, time and sales sheets, which give away vital information, which we [or more accurately, our computers] use to calculate the 'trends' in individual stocks [analyzing all the Dow 30 stocks daily]...



When the MAJORITY of stocks are therefore trending up it is highly probable [80%+ probability] that the market will soon correct itself and drop.



Similarly, when only a MINORITY of stocks are trending up it is strong evidence amongst professionals that the market is set for the next rally. This is expected in a freely traded market - it is a necessary mechanism of a truly free market, which can be measured, quantified and predicted with a great degree of accuracy...

Entering And Exiting With Precision



Imagine that the IMS indicator is above 70, suggesting that it is near its peak. Now, while we are fully aware at this time that the market is likely to soon correct itself and drop, we don't do anything. Not yet. We wait. We focus on our Inter Market Strength oscillator [as shown earlier] and wait patiently until the % of stocks trending up, actually drops, and the oscillator reverses from rising to falling. When this occurs, we simply Short/SELL the Dow – no questions – just be fully objective.



Similarly, when the MAJORITY of stocks are trending down and our IMS indicator is below 30, it is expected that the market will soon stop falling, become attractive to smart investors/bargain hunters, gather momentum, and start rallying. Again, when this occurs, while we are fully aware of this expectation we don't do anything, until the % of stocks trending up, starts to rise, and the Inter Market Strength oscillator reverses from falling to rising. When this occurs, we BUY [long] the Dow.



This simple trading system has resulted in a consistent stream of profits, as shown on our web site www.insight.net [all trades are recorded and shown since launch, including exact entry/exit points – no exceptions]. Also take a close look at how to use the IMS indicator, using our one-page quick-guide.



Looking at this a little more closely, imagine the market to contain ‘mood’ swings in crowd behavior, just like any individual person has mood swings…



Through history, if you study any chart of the major indexes [especially the Dow], you will find that the market always turns around from rally to decline, when everyone [the vast majority of investors and media commentators] are at the peak of their confidence, quite content to state that the market will just keep on rising. It never does. All rallies are interspersed with regular [and sometimes severe] corrections.



What our indicator does in one sense, [and this is important] is to try and gauge this ‘mood' of the market. When the majority of the 30 stocks are trending up and the IMS is above 70, what does that tell us? Well, if you look at this closely, you can decipher with a little common sense, that all the confidence in the market has already been priced into the stocks – they are therefore nearing their peak…



When stocks near their peak, the daft money [herd instinct] continues to jump on board – these are the ‘losing crowd’ of investors which professionals and smart traders, who are ‘selling’ at this time, are all too aware of, and make a very good living from I might add [forgive the cliche, but 'knowledge is power']...



For every seller there is a buyer. And when the professionals know that stocks are nearing their peak, ready for a correction, there are plentiful buyers who will take that stock from them, because these herds of last minute buyers actually delude themselves through false-assumptions often fuelled by over-optimistic media, zealous politicians and their machinery self-praising the 'good times' etc., which fuel individual investors into a sense of “maybe I should jump on board”. To his detriment, the stock market then declines, and he is left holding on to stock during the correction.



Our Inter Market indicator is engineered to measure, if you will, these ‘moods’ – when the majority of stocks are trending up, the herds are actually buying the stocks, which have already reached their optimum, short-term peak, ready for a correction. An IMS reading over 70 provides the first indication of this, ready for a fall.



Similarly, the Inter Market indicator also shows us when only a minority of stocks, are trending up. These are the times, when all the weakness in stocks has already been factored into the prices, and the market is expected to rally. An IMS reading below 30 provides initial indication of this, in anticipation of the next rally.





durgin
60 posts
msg #48618
- Ignore durgin		 12/14/2006 4:28:13 PM

I opened this earlier today and got the DOW 30 list. I saved the filter to "My Filters". This afternoon I cannot pull up anything on the list and the filter is gone from My Filters. ??????


TheRumpledOne
6,407 posts
msg #48619
- Ignore TheRumpledOne
modified		 12/14/2006 7:34:51 PM

Fetcher[
show stocks where market is dow 30

/* Basic Filter for newbies and old pros */

set{E36b,days(ema(3) is above ema(6),100)}
set{E36a,days(ema(3) is below ema(6),100)}
set{E3xE6, E36a - E36b}

set{E50200b,days(ma(50) is above ma(200),100)}
set{E50200a,days(ma(50) is below ma(200),100)}
set{M50xM200, E50200a - E50200b}

set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CxC, CCa - CCb}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}


set{E50b,days(close is above ma(50),100)}
set{E50a,days(close is below ma(50),100)}
set{CxM50, E50a - E50b}

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

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

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

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

and add column Trend
and add column T10
and add column T60
and add column T200

and add column VolCnt
and add column Vdbl
and add column VolZ

and add column CxC {CxC_}
and add column CxE5 {CxE5}

and add column E3xE6 {E3xE6}
and add column E13xE26 {E13xE26}

and add column CxM50
and add column CxM200
and add column M50xM200

add column rsi(2)
add column weekly rsi(2)

sort column 5 descending
]



1) Run this version of the DOW filter

2) Download to excel

3) Use the summation function on the TREND column(s) ( T10,T60, T200 ) you would like to "count".

Then you "know" if the market is "hot" or "cold".

Today, 12/15/2006, the counts are T10=18 T60=23 T200=25.

HTH.






killertrader
18 posts
msg #48703
- Ignore killertrader		 12/18/2006 3:07:31 PM

I wonder what they are using to calculate their "IMS Indicator"?
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