StockFetcher Forums · Filter Exchange · PVI and Penny Stocks<< 1 2 >>Post Follow-up
snappyfrog
501 posts
msg #155786
Ignore snappyfrog
2/15/2021 8:43:43 AM

This is one setup I love to play for penny stocks. With a proper stop loss / risk management, the few losers will not be a concern. The 100% gains will more than make up for any losses.

Fetcher[
market is not otcbb
market is not etf
price is between .1 and 5
volume > 100000
/*Use of optionable is to remove warrants and SPACs
that are too new for my trading style*/
optionable
close > EMA(13)
draw pvi
draw pvi 22 day low
pvi crossed above cma(pvi,22)
]



Mansor
72 posts
msg #155791
Ignore Mansor
2/15/2021 12:44:38 PM

Hi Snappy - I have a previous filter from you. Check below (I had added some guidelines in general). How is the one above (new one posted by you) different than the one below? Thanks

market is not otcbb
market is not etf
price > .25
price < 10
optionable
average Volume(255) > 3000000

draw pvi 22 day low on plot pvi
set{pvi_22, count (pvi > pvi 22 day low, 1)}
pvi_22 1 day ago < .99
pvi_22 > .99
and draw obv
draw Slow Stochastics Fast %K(10,3) < 50
add column separator
add column sector
add column industry
add column separator
add column RSI(7)
add column RSI(14)
add column RSI(21)
add column separator
add column R1
add column R2
add column S1
add column S2

snappyfrog
501 posts
msg #155796
Ignore snappyfrog
2/15/2021 2:46:13 PM

The main part is the PVI. In the one you posted (with more bells and whistles) it tends to get one in at the very beginning of a run, sometimes too early as you have to wait for the downtrend to finish.

i.e. -
set{pvi_22, count (pvi > pvi 22 day low, 1)}
pvi_22 1 day ago < .99
pvi_22 > .99

The one I posted waits for the pvi to cross above the 22 day moving average, thereby getting you in after the trend has started or as a buy high sell higher entry.

Mansor
72 posts
msg #155798
Ignore Mansor
modified
2/15/2021 3:05:49 PM

thank you snappy for taking the time to explain me the difference, appreciate it!

VirginTrader
73 posts
msg #155814
Ignore VirginTrader
2/16/2021 7:43:22 AM

@snappy
Thanks; fan of your Stock 20 and 40!

snappyfrog
501 posts
msg #155822
Ignore snappyfrog
2/16/2021 11:52:40 AM

Mansor, glad to help.

snappyfrog
501 posts
msg #155823
Ignore snappyfrog
2/16/2021 11:54:09 AM

VirginTrader, I keep them both on all my scans. Lots of valuable info gleamed from both the 20 and 40 Stochastic.

VirginTrader
73 posts
msg #155836
Ignore VirginTrader
2/16/2021 10:50:17 PM

@snappy

If you don't mind me asking...

Aside from the usual crossover/under and/or divergence and/or level of the indicator...what else should I be paying attention to?

Thank you.

snappyfrog
501 posts
msg #155874
Ignore snappyfrog
2/19/2021 8:58:31 PM

Virgin Trader
f you don't mind me asking...

Aside from the usual crossover/under and/or divergence and/or level of the indicator...what else should I be paying attention to?

********************

I look for the crossover of both above 20 or 30. I also look at the fast and slow lines crossing, the lower the crossover the better (under 50). When watching these for some time, not only will the crossings work, but also the angle or strength of the move.

ZachyTrader
2 posts
msg #155987
Ignore ZachyTrader
3/1/2021 5:58:30 AM

Hi SnappyFrog,

What's your requirement for this filter, other than getting in when the PVI to cross above PVI MA?

Like what's your average holding period, and what is the stop loss you set, before you decide to get out of a stock that is not performing?

Also, what is your position sizing for these penny stocks? Let's just say you allocate $5000 for penny stocks trading. What is the max amount you will put in one penny stock?

StockFetcher Forums · Filter Exchange · PVI and Penny Stocks<< 1 2 >>Post Follow-up

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