absorrel4
10 posts
msg #83186
- Ignore absorrel4 |
11/17/2009 2:15:13 PM
I am tinkering with a momentum approach whereby stocks are bought on the FIRST pullback into oversold status once the stock begins a NEW TREND. The pullback is easy to define (use stochastics, or CCI, or other oscillator). However, trying to define when this occurs for the first time in a new trend is my problem. I am defining the start of a new trend by a change in the slope (from negative to postive) of the 50 day simple moving average of price. The problem is in relating the start of a new trend....which could be 5 days ago...8 days ago....?? days ago....to the first pullback in the stock to oversold status. Any ideas on how to 1) have Stockfetcher look into the past over a variable time period to find when the trend began and then 2) find the first pullback in the stock to oversold status after this trend began?
Any ideas/guidance is appreciated...thanks...
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trendscanner
265 posts
msg #83188
- Ignore trendscanner |
11/17/2009 3:15:29 PM
There are different ways to define an uptrend. Here's one way, although this may not be the best for what you're trying to do.
Most of stocks this filter returns generally look like they're in an uptrend. Most of the settings on the filter are somewhat arbitrary so you could adjust them to suit your filter.
Another way to find or define an uptrend might be
Most of these look like they're in an uptrend too. I'm sure there are many other ways to find or define an uptrend. Maybe these will help get you started.
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absorrel4
10 posts
msg #83196
- Ignore absorrel4 |
11/17/2009 9:04:10 PM
Thanks...I'll give it a shot....
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chetron
2,817 posts
msg #83201
- Ignore chetron
modified |
11/18/2009 6:48:53 AM
or maybe.....
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