four
5,087 posts
msg #97260
- Ignore four |
10/31/2010 3:36:55 AM
Any thoughts ?
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louie6digits
34 posts
msg #97263
- Ignore louie6digits |
10/31/2010 1:26:34 PM
Need to focus on STRENTH filters. Ex, WEEKLY MACD(2,3,1) is a strenth and correction filter. When it is above 0, then it means stock has increasing strenth and you can buy. Linear Regression is a direction filter and needs to be drawn on
every price plot. If a stock has decreasing strenth, then never buy it. RSI(2) is a good direction filter. But when you add
weekly RSI(2) below 20, then it picks stocks exausted by selling pressure and when Weekly RSI(2) crosses above 20, the
stock ONLY reverses if it has increasing strenth as depicted by the Linear regression(60,1.0) above 0.
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louie6digits
34 posts
msg #97264
- Ignore louie6digits |
10/31/2010 1:46:08 PM
I would like to use CODI as a perfect stock which I refer to as having increasing strenth. The stock reversed exactly
when Weekly MACD(2,3,1) reversed at 0. Weekly MACD(2,3,1) stayed above 0 the entire time. Problem I have with
Weekly MACD(2,3,1) is that it is a JACK of 2 trades. It is a much better correction filter than a strength filter.
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four
5,087 posts
msg #97265
- Ignore four
modified |
10/31/2010 2:33:56 PM
Thanks for the ideas on the previous filter.
Thoughts on below?
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louie6digits
34 posts
msg #97267
- Ignore louie6digits |
10/31/2010 7:09:22 PM
Your filters are not complete. I added some work! Keep upgrading...
Fetcher[ close between 2 and 3
draw cema(ema(9),5)
do not draw ema(9)
set{truth, count(ema(5) above cema(ema(9),5),9)}
draw truth line at 5
draw truth line at 2.5
truth above 2.5 {LOL it works! Not my cup of tea.}
draw ema(5)
rsi(2) below 50
rsi(2) above rsi(2) 1 day ago
weekly rsi(2) above weekly rsi(2) 1 day ago
average volume(30) is above 25000
offset is 4 days { Very Nice } ]
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four
5,087 posts
msg #97269
- Ignore four
modified |
10/31/2010 9:08:53 PM
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louie6digits
34 posts
msg #97274
- Ignore louie6digits |
11/1/2010 9:24:48 AM
Here is what I am trying to say, when you back test your filter it produces some sloppy results. As you can see from the
11 days ago results, CPA was the only stock with increasing strenth. WHY DID THE 2 OTHER STOCKS TANK?
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