| StockFetcher Forums · Filter Exchange · Price Coming Off of a PVI Low | << 1 2 3 4 5 >>Post Follow-up |
| snappyfrog 731 posts msg #152531 - Ignore snappyfrog |
6/7/2020 7:27:36 AM I am using this on penny stocks also. I only use smaller amounts on these trade as penny stocks can blow one's account up fast. MVIS chart as an example:  |
| snappyfrog 731 posts msg #152532 - Ignore snappyfrog |
6/7/2020 8:23:00 AM Here are both filters cleaned up: Penny Filter |
| Cheese 1,374 posts msg #152537 - Ignore Cheese |
6/7/2020 11:40:30 AM snappyfrog 6/7/2020 7:18:32 AM I am following the PVI for potential entries. Why? I don't have the information that the institutional or NVI buyer have, so I can't compete with them. However, I can use the PVI or retail trading information to my advantage. If I can jump in the retail trading early enough, I can scalp wins as the price is driven upwards or possibly get some short to longer term swing trades. Ideally, about March 17th, when the NVI flat lined and PVI was moving upwards was when the real action started. I am not good at getting in at the "ideal" time, but scans are putting me into these trades before the price frenzy begins. As a swing trader, that is all I can hope for in a trade. ================================================================================== @snappy, Your explanation is one of the best that I've read. Thank you. |
| Cheese 1,374 posts msg #152539 - Ignore Cheese |
6/7/2020 11:47:54 AM @snappy, Your filter has 6 conditions, so your cleaned up version could have had sum5 instead of sum2. Does that mean the three conditions in sum2 are more somehow important than the other three? If you don't mind, could you please elaborate? Thank you. |
| snappyfrog 731 posts msg #152545 - Ignore snappyfrog modified |
6/7/2020 6:54:35 PM Yes, you are correct. I could have just summed them all up. I need to do it one way or the other I guess so it looks better. But, in any case, all of the conditions must be met. I originally set this up for the sum conditions and as time went on I added the other conditions trying to tighten up the signal to a better spot without as many headfakes. |
| JoeyVinyl 125 posts msg #152557 - Ignore JoeyVinyl |
6/8/2020 12:50:51 PM @snappyfrog The explanation of what you're trying to do that Cheese shared makes sense. I've been playing around with filters using NVI and PVI but don't have anything I'd trade off of yet. Thanks for sharing your ideas! |
| snappyfrog 731 posts msg #152692 - Ignore snappyfrog |
6/20/2020 11:30:52 PM True penny filter variation of this PVI filter. This limits the number of hits. Over the last month there were 37 hits with 5 that failed to make money for an 86.5% win rate. The largest winner if you sold at dead top (nearly impossible) bought at 0.44 and max price 7 days later was 2.47 (if I remember correctly) for a profit of 456.8% |
| nibor100 1,044 posts msg #152698 - Ignore nibor100 |
6/21/2020 4:40:12 PM @Snappyfrog, A large part of it might just be the universe of stocks that your basic criteria of the first 4 lines of your filter carves out of the overall market. I ran a filter with just those 4 lines and observed the following: 1 month ago returns 119 stocks, 16 were losers, 18 ended with gains > 100% largest 1,563% 3 weeks ago returns 102 stocks, 9 were losers, 12 ended with gains > 75% 2 weeks ago returns 83 stocks, 30 were losers, 13 ended with gains > 50% largest 202% 1 week ago returns 73 stocks, 27 were losers, 9 ended with gains > 25% largest 162% I did not check for their highest highs during those 4 periods but I suspect some that ended as losers might have had gains at some point as it seems to be bit of a volatile group. Thanks, Ed S. |
| snappyfrog 731 posts msg #152699 - Ignore snappyfrog |
6/21/2020 8:34:51 PM Nibor100, I agree it just may be the universe of stocks. Results for stock $5 and above are not as good. I wish they were, I would be playing options with them. I also have found that many of those that show negative actually made money at some time. Also, I don't enter if there is a gap up on the day of entry. |
| StockFetcher Forums · Filter Exchange · Price Coming Off of a PVI Low | << 1 2 3 4 5 >>Post Follow-up |