nikoschopen 2,824 posts msg #63514 - Ignore nikoschopen |
6/9/2008 4:09:48 PM
Quote from WALLSTREETGENIUS:
Until we can get one of our coding geniuses to get OBV to "touch" that "sdd" line...this might be the next best thing.
This will give you what ure looking for. Should you need to change the condition, say, from "touching the lower channel" to "touching the upper channel", just modify the line that follows the comment that reads:
/*Channels: x = Upper; y = Median; z = Lower*/
Moreover, you can apply the channel on other indicators by simply replacing "OBV(1)" with any indicator of ure choice. See the next post as an example.
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nikoschopen 2,824 posts msg #63515 - Ignore nikoschopen |
6/9/2008 4:10:30 PM
Here, the same channel is superimposed on RSI(2), which seems to offer a better visual.
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chetron 2,817 posts msg #63517 - Ignore chetron |
6/9/2008 4:41:12 PM
SWEET, NIKO
VERY SWEET
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WALLSTREETGENIUS 983 posts msg #63518 - Ignore WALLSTREETGENIUS |
6/9/2008 5:24:45 PM
SHEER FREAKIN' GENIUS!...THAT'S ALL I CAN SAY....
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maxreturn 745 posts msg #63520 - Ignore maxreturn |
6/9/2008 5:53:14 PM
Niko...I think I speak for my fellow forumites when I say in the words of Wayne and Garth...WE'RE NOT WORTHY! Seriously friend....TOP SHELF WORK!
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nikoschopen 2,824 posts msg #63522 - Ignore nikoschopen |
6/9/2008 6:07:05 PM
Thanks but go easy on the compliments. lol
If you would like to eliminate stocks that have fallen below the lower channel within x-days, just add the following line to the filter, substituting xx for the number of days in the past:
count(obv(1) below z, xx) equals 0
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jimhbutton 104 posts msg #63532 - Ignore jimhbutton |
6/10/2008 7:17:07 AM
Niko,
Sweet, sweet, sweet!
U da man!!
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johnpaulca 12,036 posts msg #63542 - Ignore johnpaulca |
6/10/2008 10:29:27 AM
COP... just wanted to show you guys/gals how I traded COP using OBV-LR combination. I use a LR(34) with 1.4SD on the OBV. Notice as the price continued to rise you can see the divergence on the OBV.
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nikoschopen 2,824 posts msg #63543 - Ignore nikoschopen modified |
6/10/2008 11:47:28 AM
Hey JP.
While the above filter takes into account 1 standard deviation, you merely need to multiply "SD" by 1.4 to achieve 1.4 SD (see the first line below).
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johnpaulca 12,036 posts msg #63546 - Ignore johnpaulca |
6/10/2008 1:03:07 PM
Thanks Niko...I have added an ema(100) and had some interesting selections.
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