TheRumpledOne
6,411 posts
msg #58320
- Ignore TheRumpledOne |
12/20/2007 9:03:42 AM
Statistics for price moving from OPEN to HIGH.
|
TheRumpledOne
6,411 posts
msg #58321
- Ignore TheRumpledOne
modified |
12/20/2007 9:08:13 AM
These "COWS" give lots of "MILK".
|
jimhbutton
104 posts
msg #58362
- Ignore jimhbutton |
12/20/2007 10:15:44 PM
Thanks for the filter! I was trying to construct a crude facsimilie last week but it proved futile. Now for some questions about your scan:
Could you explain your "greed" index?
Could you explain your "clxcl" heading?
Also, your "volcnt" and "volzrero" headings as well?
Thank you for an awesome filter that hits the bullseye relative to what I was trying to build.
|
TheRumpledOne
6,411 posts
msg #58365
- Ignore TheRumpledOne
modified |
12/21/2007 12:37:55 AM
Q) Could you explain your "greed" index?
A) GREED = B1A - B5A
The number of times the ( high - open ) was above $.10 minus the number of times the ( high - open ) was above $.50. The smaller GREED is the better chance you have of making $.50 or more.
Of course, it has been pointed out that this may not always be the case but you filter out stocks that have low B1A in the first place so you don't need to be concerned.
----------
Q) Could you explain your "clxcl" heading?
A) CLXCL is how many days the price closed above (+) or below(-) the Previous Close...
-----------
Q) Also, your "volcnt" and "volzrero" headings as well?
Volcnt is the number of times is the number of times the volume exceeded 1,000,000.
Volzero is the number of times the volume was 0.
-------------------
Please understand this filter should be used by people who know how to day trade. It's not for swing traders or investors. And forget about backtesting it - it's statistics!!
|
guru_trader
485 posts
msg #58369
- Ignore guru_trader |
12/21/2007 3:36:13 AM
TRO, you are giving away all our secrets! ;)
|
jimhbutton
104 posts
msg #58399
- Ignore jimhbutton |
12/21/2007 4:38:23 PM
The Rumpled One,
Thanx for taking your time answering all my questions.
I have another one for you. My trading platform's annual subscription is expiring soon. I'm looking for an upgrade. Do you use TradeStation? If not, what platform would you recommend?
Thanx in advance.
Jim
|
TheRumpledOne
6,411 posts
msg #58407
- Ignore TheRumpledOne |
12/21/2007 9:37:23 PM
NO, I don't use TradeStation because they closed my accounts.
But I would use TradeStation if I could to scalp the Big Boy stocks.
If you trade over 1,000 shares of a stock at a time, use www.izone.com.
|
jimhbutton
104 posts
msg #58416
- Ignore jimhbutton |
12/22/2007 2:13:31 AM
Thank you for the advice.
|
jimhbutton
104 posts
msg #58645
- Ignore jimhbutton |
12/31/2007 11:02:33 PM
Hi TRO,
I've been trying to morph your OPEN-to-HIGH scan into a CLOSE (1 day ago)-to-HIGH (today) scan but haven't been getting through to the Promised Land. Basically, where you have "HiOp, high - open" I have substituted "PP, high - close 1 day ago," where PP stands for Potential Profit.
In summary, I am wanting to analyze potential profit for any stocks that I hold overnight using your 100-day statistical method showing various profit levels.
In the following scan please pardon the erroneous reads. For example, in the PP column I would expect a simple one day Potential Profit from the difference between the "CLOSE" and "HIGH" columns. I am sure that there are other false results as well till this baby is debugged.
Fetch[
/* Yesterday's Close to Today's High Stat Filter (100 Days) */
Volume > 100000
set{PP, high - close 1 day ago}
set{ MaxPP , PP 100 day high }
set{ MinPP , PP 100 day low }
set{ AvgPP , CMA( PP , 100 ) }
set{B00A, count(PP > .00 , 100)}
set{B25A, count(PP > .25 , 100)}
set{B50A, count(PP > .50 , 100)}
set{B75A, count(PP > .75 , 100)}
add column Open
add column High
add column Low
add column separator
add column Close Yesterday
add column separator
add column PP
add column MaxPP
add column AvgPP
add column MinPP
and add column B00A {>.00}
and add column B25A {> .25}
and add column B50A {> .50}
and add column B75A {> .75}
and add column separator
/* SELECTION CRITERIA */
SYMLIST()
sort column 11 descending
/* Notes: PP = Potential Profit */
]
Any help that you could lend -- only when your busy schedule would permit, of course -- would be greatly appreciated.
Thank you.
Jim
|
TheRumpledOne
6,411 posts
msg #58648
- Ignore TheRumpledOne |
1/1/2008 12:08:36 AM
PP is reserved ... it is PIVOT POINT!!
|