StockFetcher Forums · General Discussion · Looking for Help Building an ANTS (MVP) filter<< >>Post Follow-up
schaballa
3 posts
msg #160632
Ignore schaballa
11/3/2023 6:01:07 PM

How to spot institutional buying like a pro? (ANTS indicator -MVP)

The Ants indicator is based on the research of David Ryan, three-time winner of the U.S. Investing Championship. David came up with the idea for the indicator while managing the New USA Growth Fund at William O’Neil + Company. David was interested to understand what drove some stocks higher once they were extended from their most recent base, while others had only moderate moves up.

What David found during his research was that stocks making the biggest moves often had consistent buying on volume over a period of 12 to 15 trading days. Stocks with these characteristics may be under institutional accumulation, where it may take days to weeks to fill a position.

I am not sure if this can be coded but it would be nice to know when institutions are buying. These are the parameters:

What Starts a Power Trend?

▪ Low is above the 21-day EMA for at least 10 days.
▪ 21-day EMA is above the 50-day SMA for at least five days.
▪ 50-day SMA is in an uptrend.
▪ Closes up for the day.

What Ends a Power Trend?

▪ 21-day EMA crosses under 50-day SMA.
▪ Close 10% below recent high and below the 50-day SMA.

Thanks in advance if this can be coded

Steve

xarlor
548 posts
msg #160633
Ignore xarlor
11/3/2023 8:29:09 PM

This is the filter based on the criteria you listed. As it stands, there's still too much noise to have any edge.

Fetcher[
count(low > ema(21),10) equals 10
count(ema(21) > ma(50),5) equals 5
10 day slope of ma(50) > 0.01
close > open

do not draw 10 day slope of ma(50)
]



snappyfrog
646 posts
msg #160634
Ignore snappyfrog
11/3/2023 11:03:30 PM

Maybe you can incorporate PVI into your scan, possibly a 10 or 22 day low of this cma of PVI.

Fetcher[
/*The Positive Volume Index (PVI), developed by Norman Fosback, is affected by days where the volume has increased from the previous day. By analyzing only positive volume days, the PVI attempts to detect days when the market is in a "follow-the-leader" mode, or as Fosback indicates, the PVI shows what the "not-so-smart" money is doing.*/

count(low > ema(21),10) equals 10
count(ema(21) > ma(50),5) equals 5
10 day slope of ma(50) > 0.01
close > open

do not draw 10 day slope of ma(50)
draw cma(pvi,3)
do not draw pvi
]



StockFetcher Forums · General Discussion · Looking for Help Building an ANTS (MVP) filter<< >>Post Follow-up

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