| StockFetcher Forums · Filter Exchange · DMI and donchian coupled with breakout indicator | << >>Post Follow-up |
| LebowskiUrbanAchievers 56 posts msg #94573 - Ignore LebowskiUrbanAchievers |
7/6/2010 9:53:30 AM Chetron if you have time I was wondering if you could code something that looks for the following. This should identify stocks in a breakout. The charts should be daily. These are in my opinion strong indications for stocks starting to trend. I have made some returns by trend following as of late and I have been trying out indications such as DMI with ADX, PSARS, and donchian channels. I feel this works well in Forex and should be able to work with stocks. Stop losses and money management rules apply. Sell possibilities 21 day breakout: The Close is below the 21 day Low has crossed the lower donchian channel line 21 day period DMI indicator shows -DI > +DI ADX > 25 Stock price is > 5 Volume is >250000 Buys 21 day breakout: The Close is above the 21 day High has crossed the upper donchian channel line 21 day period DMI indicator shows +DI > -DI ADX > 25 Stock price is > 5 Volume is >250000 |
| johnpaulca 12,036 posts msg #94575 - Ignore johnpaulca |
7/6/2010 10:14:18 AM Chetron has left the building. |
| LebowskiUrbanAchievers 56 posts msg #94578 - Ignore LebowskiUrbanAchievers |
7/6/2010 10:25:54 AM Ok then anyone who can program please I appreciate any help. |
| ladder122 1 posts msg #94865 - Ignore ladder122 |
7/18/2010 2:07:15 AM Lebowsk, can you futher explain your use of this strategy? Thanks mark |
| wkloss 231 posts msg #94885 - Ignore wkloss |
7/18/2010 12:37:19 PM Lebowski, The title of your post..."DMI and donchian coupled with breakout indicator" makes me wonder if you are duplicating a step and making your filter more complicated than it needs to be. Donchian is a breakout indicator, so why do you need to couple it with another breakout indicator? Sorry I can't offer help with code but the previous post seems to be looking to do that. Bill |
| Systrader 56 posts msg #94930 - Ignore Systrader |
7/20/2010 10:34:05 AM The close above and below 21 days high lows and Donchian channel for 21 day period says the same thing. Based on what you asked , this is the filter, but it gives no results. Check the logic as it is not clear. Try these: BUYS SELLS |
| fortyfour 189 posts msg #94937 - Ignore fortyfour |
7/20/2010 4:19:11 PM Maybe something like this.....the sort looks for 1st time breakouts |
| LebowskiUrbanAchievers 56 posts msg #94976 - Ignore LebowskiUrbanAchievers |
7/22/2010 10:10:23 AM Yea my strategy right now I have been using to play the EUR/USD spot. What I do is I have the Daily, Hourly and Weekly charts on my screen. On TOS I added the donchian channel study I found online. I also added ParabolicSAR to the charts as well as a confirmation of the trend. On the lower graphs I use volume and DMI to identify the trends. When the price hits the upper or lower donchian channel on higher than average volume I get my indication to go long or short. This is confirmed usually by PSAR and DMI to enter my position. Look at the following screen shot. As you will see I got a long indicator on 6/9/2010. The price was no touching the upper donchian so I did not go long. I did however get stopped out of my previous short position entered in March. Had I hopped on I would have been profitable but I wanted to wait to guage sentiment on the EURO. This strategy will work for any stock, commodity, or future. I just haven't figured out a way to screen for stock setups. I am hoping to continue trading currencies with this to build up account value. Hell I may only trade currencies, but I am interested in trying this with stocks. I am presenting this here to ge feedback and ideas on screen criteria. Let me know what you think, but I will be on vacation next week so it may take a while to get back to you. 
The screen shot shows my long trade where I got 400 PIPS at 2.00/pip. Small time trading as I am still testing my trend following nerves and strategy. |
| LebowskiUrbanAchievers 56 posts msg #94978 - Ignore LebowskiUrbanAchievers modified |
7/22/2010 10:13:36 AM I modified your code close crossed above the upper Donchian Band(21,1) set{x, count(close crossed above the upper Donchian Band(21,1) ,1)} set{how_many, sum(x,5)} add column how_many ADX > 20.5 +DI(21) > -DI(21) how_many > 1 how_many < 5 avg vol(90) > 500000 close > 5 sort column 5 ascending Gave 6 results I will put them in my TOS to see if indications are there. What I want to do is find them as close to the DI+ and DI- Cross as possible. Maybe someone can add that in. |
| LebowskiUrbanAchievers 56 posts msg #95316 - Ignore LebowskiUrbanAchievers |
8/2/2010 9:00:12 AM bump |
| StockFetcher Forums · Filter Exchange · DMI and donchian coupled with breakout indicator | << >>Post Follow-up |