txpipeliner
3 posts
msg #146607
- Ignore txpipeliner |
2/16/2019 6:05:25 PM
Here is a filter I put together after reading an article on Yahoo Finance about using a EMA(13)/EMA(48.5) crossover as a buy and sell signal. Here is the link to the article, https://finance.yahoo.com/news/study-determines-best-moving-average-195042216.html.
show stocks where EMA(13) is above EMA(48)
and EMA(48) is above MA(200)
and EMA(13) 5 day ago was below EMA(48) 5 day ago for the last 10 days
and average volume (20) above 250000
and price is between 1 and 20
set{x, EMA(13) - EMA(48)}
draw x line 0
I am fairly new at StockFethcher and trading in general, if anyone has any comments on how to improve the screener I would love to hear them.
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snappyfrog
721 posts
msg #146608
- Ignore snappyfrog |
2/16/2019 8:25:13 PM
Making it clickable.
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shillllihs
6,044 posts
msg #146609
- Ignore shillllihs |
2/16/2019 9:48:15 PM
Is this supposed to be a long filter because I think it makes a better short filter.
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nibor100
1,031 posts
msg #146617
- Ignore nibor100 |
2/18/2019 2:35:33 AM
@txpipeliner,
a. You could add an SF MACD indicator to your filter that is based on 13,48,5 instead of the default 12,26,9 as the MACD line is basically a moving avg crossover indicator itself.
b. If you meant to replicate that Yahoo finance article with your posted filter then I believe you need to get rid of the 200 day moving avg line and also hange the following line
and EMA(13) 5 day ago was below EMA(48) 5 day ago for the last 10 days
to
and EMA(13) 1 day ago was below EMA(48) 1 day ago
or you could use the SF filter phrases "crossed above/below" to find your crossovers
c. If you are trying to improve results for the Yahoo finance 13/48 crossover system( especially since it is only profitable 45% of the time while keeping your funds tied up 62% of the time)
I suggest keeping the entry moving avg crossover as it is; but use shorter term mov avg crossovers for your exits to include trying price only crossing below a shorter moving avg. (of course price is the same as a moving avg of 1 period)
d. if it gets you out during a pullback in a strong uptrend with profit, you can always get back in once price moves back higher.
Ed S.
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