JoeGrossinger
165 posts
msg #27125
- Ignore JoeGrossinger |
6/29/2003 8:58:32 AM
In working with filters its easy to lose sight of what all of us are after.
A stock that goes up in price.
That seems obvious but most of us are looking for the magic oscillator or indicator to point us to the path of riches.
It don't exist.
This filter only considers price and volume, which are the only two true indicators as to what is going on with a stock.
The filter works well 168 days out as well as a short term indicator.
For 10 days or less duration don't get fixated with the performance numbers. Look at the 3 month charts instead. In fact, if you want to practice chart reading, this is an excellent filter for that as well.
Show stocks where close > MA(130)
And close reached a new 6 week high
And volume reached a new 124 day high
and Average Volume(90) is above 50000
and close is between 1 and 5
As with most things in life, simple is usually also best.
The number of hits per day is not very large although one can easily expand that list by expanding the prices one wants to work with.
However, I like stocks to be above their 130 MA in price and I like a nice increase in volume as the price increases. These are simple bullish indicators.
This filter will catch Bollinger Squeeze as well as many of the other sought after bullish conditions.
http://www.koliga.com/forum/viewforum.php?f=11
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defghca
150 posts
msg #27128
- Ignore defghca |
6/29/2003 11:35:33 AM
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JoeGrossinger
165 posts
msg #27129
- Ignore JoeGrossinger |
6/29/2003 12:14:00 PM
Thanks defghca, but I prefer to post my filters exactly the way I post them.
Those that don't like that are free to pass on by.
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zfetch
16 posts
msg #27130
- Ignore zfetch |
6/29/2003 1:57:28 PM
If you want to avoid running filter phrases together, filter links may include extra lines, to separate groups of filter phrases. If the target is a readable set of phrases, then use the extra spacing.
Keep posting as you want to; the following is intended only as an example.
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rrochon
117 posts
msg #27164
- Ignore rrochon |
7/3/2003 2:36:17 AM
zfetch, How do you do that?
Dick
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