SAFeTRADE
646 posts
msg #160423
- Ignore SAFeTRADE |
7/16/2023 10:45:39 AM
For those of us who like a quick 3 to 5 day move, try this one on for size and see how it fits. Thanks to
Kevin_in_GA and fotchstecker for the inspiration as I stole their code for this one.
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VenturaTrader
43 posts
msg #160425
- Ignore VenturaTrader |
7/16/2023 7:49:26 PM
Thanks SAFeTRADE for your generosity in posting this filter. Kevin was also very generous and helpful.
If you were to trade this filter, would you attempt to enter the position on the same day a signal is fired or wait until the next open?
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SAFeTRADE
646 posts
msg #160426
- Ignore SAFeTRADE |
7/16/2023 8:09:17 PM
Same day.
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lorypanna
19 posts
msg #160427
- Ignore lorypanna |
7/18/2023 6:07:01 PM
Thanks for sharing @SAFeTRADE.
Just a beginner here, not trading at present (just studying when time allows).
The filter seems to me to be able to identify interesting setups.
I tried to understand your code. I ask some questions in case you or other users have some time to provide some information. Don't lose too much time and don't provide an answer if the questions are too stupid to deserve it ...
1. If I understand correctly, an angle in degree is calculated from the delta-% of close compared to open(-2), 'weighted' with a factor of 1 / 0.02238. Then a 'overbougth angle' is subtracted from the calculated angle, the result is divided by 1,000 and the obtained value is subtracted from 1 and the new result is multiplied by close. A value greater than close is obtained if close < open(-2), otherwise a value less than close. The question(s): what's the 'theory' behind this? is it explained in the posts by @Kevin_in_GA and @fotchstecker, that i was not able to find (if possibile, can you provide the links)? curious to know what's the 'meaning' of the values 0.02238, 10, 1000 ...
2. Are the various indicators calculated / plotted by the filter only used for supporting the buy/sell indicated by ob_buy/ob_sell? I'm referring to MA(5), Williams%R(10), MACD(2, 3, 3). If yes, how are they used?
TIA for any info, if any.
Have a nice evening. Cheers from Italy. LP
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SAFeTRADE
646 posts
msg #160430
- Ignore SAFeTRADE |
7/19/2023 12:31:33 AM
Look at the 2 following posts, it might make some sense of what is included in the filter.
https://www.stockfetcher.com/forums/Filter-Exchange/Slope-Angle-in-Degrees/55214/0
https://www.stockfetcher.com/forums/Filter-Exchange/Wilson-Relative-Price-Channel/115076/-1/115076
safetrade
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lorypanna
19 posts
msg #160431
- Ignore lorypanna
modified |
7/19/2023 5:19:05 AM
Thanks @SAFeTRADE. Have a nice day
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SAFeTRADE
646 posts
msg #160443
- Ignore SAFeTRADE
modified |
7/24/2023 3:35:39 PM
Simulated trade 7/24/23
SVXY $87.41 stop $86.78
* raised stop to $87.31 today's low
Simulated trade 7/25/23
XLB $84.78 stop $84.35
Simulated trade 7/25/23
XLK $178.40 STOP $175.76
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SAFeTRADE
646 posts
msg #160447
- Ignore SAFeTRADE
modified |
7/26/2023 11:53:10 AM
Simulated trade 7/24/23
SVXY $87.41 stop $86.78
* raised stop to $87.31 today's low
* 7/27/23 sold SVXY AT 88.29 profit $.78
Simulated trade 7/25/23
XLB $84.78 stop $84.35
* 7/27/23 sold XLB at $85.40 profit $.62
Simulated trade 7/25/23
XLK $178.40 STOP $175.76
* 7/26/23 stopped out 175.74 loss $2.76
OUT OF MARKET
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