badboy9
7 posts
msg #30819
- Ignore badboy9 |
1/25/2004 4:34:18 PM
Alot of stocks tend to bounce off their 50dma, so Im trying to devise a filter for it. This is what I came up with so far, I could use some help or opinions from the more technically inclined to improve or change it. Thanks, BB.
show stocks where close is above MA (50) and close is approaching MA(50) and close is between 5 and 20 and volume is above 1000000
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txtrapper
548 posts
msg #30820
- Ignore txtrapper |
1/25/2004 5:03:27 PM
badboy9
I changed the volume to 100000 you had a million and may not get any hits, of course you can always change it to see.
TxTrapper
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badboy9
7 posts
msg #30821
- Ignore badboy9 |
1/25/2004 8:35:34 PM
Thanks txtrapper, I will give this a shot. Im just not fluid in stockfetcher lingo yet. I do use 1 million for volume, I find anything less is many times too thin to trade in and out of. I did get 9 hits using that volume, which is what Im looking for: just a few stocks to check out and trade.
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txtrapper
548 posts
msg #30826
- Ignore txtrapper |
1/26/2004 8:14:52 AM
badboy9
Increasing OBV values indicate more buying, hence a tendency to push the price up and insuring the bounce is occuring.
TxTrapper
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