StockFetcher Forums · General Discussion · Good study guide for going long during this volatile time.<< >>Post Follow-up
SAFeTRADE
644 posts
msg #53982
- Ignore SAFeTRADE		 8/11/2007 1:59:46 PM

This may be a good time to look at some winners in the long category. I have the default sort on "turn" descending. Turn is Shares outstanding / OBV(30). This allows us to see OBV in relation to Shares Outstanding. Stocks can also be sorted on 60DayTrend descending, which is how many times in the last 60 days a new 55 day high has been hit. The same with 10DayTrend for the last 10 days. Sorting can also be done on Price% descending. Price% is where price is currently situated between the 13 day low and the 55 day high. Volume% is a shorter term look at volume in relation to the longer term volume. It can be also sorted descending. Buying opportunities present themselves as price hits a new 55 day high and also when Price% crosses above 50, with Volume% above 75. Anyway, what I am doing during this volatile period is sorting on 60daytrend descending and looking at the charts relative to these indicators:

ON THE PRICE SIDE

1. PRICE%
2. WEEKLY RSI(2)
3. RSI(14)

ON THE VOLUME SIDE

1. SHARES OUTSTANDING( I AM USING < 100)
2. TURN% FOR LONG TERM VOLUME
3. %TURN SHORT TERM VOLUME

ON THE INDICATOR SIDE

1. AROON OSCILLATOR(25) > 50 TO VERIFY TREND
2. MULTIPLE MOVING AVERAGES
4,8,20
7,14,21
13,26,50
ALL PLOTTED SEPARATELY

My two cents during this time to study the winners. These are very interesting charts.




Fetcher[
set{sh_out, shares outstanding + 100}
set{shout, sh_out / sh_out}
set{shout%, shout * 100}

set{turnvol30, obv(30) / 1000000}
set{turn30, turnvol30 / shares outstanding}
set{turn%, turn30 * 100}
set{%turn, indposition(turnvol30, 60) * 100}


set{60daytrend, count(high reached a new 55 day high in the last 1 day,60)}
set{10daytrend, count(high reached a new 55 day high in the last 1 day,10)}
set{60daybuy, count(high reached a new 55 day high in the last 1 day,1)}


close > 15
shares outstanding < 100
average volume(30) > 50000


draw pricepercent on plot rsi(14)
draw weekly rsi(2) on plot rsi(14)
set{50, 50}
draw 50 on plot rsi(14)
draw buy60 on plot rsi(14)

draw %turn on plot turn%
draw shout% on plot turn%
set{75, 75}
draw 75 on plot turn%


set{pricerangedif, high 55 day high minus low 13 day low}
set{closedif, close minus low 13 day low}
set{Pricediv, closedif / pricerangedif}
set{pricepercent, pricediv * 100}

add column pricepercent{price%}
add column %turn{volume%}

add column separator
add column turn30{turn}
add column turnvol30{obv30}
add column shares outstanding{shares}
add column separator
add column 60daytrend
add column 10daytrend

add column separator
add column aroon oscillator(25){aroon25}
draw aroon oscillator(25) line at 50
sort column 8 descending


set{m4, ema(4)}
set{m8, ema(8)}
set{m20, ema(20)}
set{m7, ema(7)}
set{m14, ema(14)}
set{m21, ema(21)}
set{m13, ema(13)}
set{m26, ema(26)}
set{m50, ema(50)}

draw m4 on plot m20
draw m8 on plot m20

draw m7 on plot m21
draw m14 on plot m21

draw m13 on plot m50
draw m26 on plot m50

draw ema(13)
draw ema(20)
draw ema(50)
draw ema(200)
draw ema(300)

draw 60daybuy
set{buy60x, 60daybuy * 100}
set{buy60, buy60x * .25}



set{p50x, count(pricepercent crossed above 50,1)}
set{p50xc, p50x * 100}
set{p%50x, p50xc *.25}
draw p%50x on plot aroon oscillator(25)
]
vmittal
13 posts
msg #155179
- Ignore vmittal		 1/3/2021 1:48:25 PM

Great scan but when do i enter long? if market opens with green candle I should go long?
Thanks. I am new here.
Mactheriverrat
3,156 posts
msg #155180
- Ignore Mactheriverrat		 1/3/2021 4:06:35 PM

@ safeTRADE

Very Interesting!!!
SAFeTRADE
644 posts
msg #155182
- Ignore SAFeTRADE		 1/4/2021 5:22:30 AM

Fetcher[
set{sh_out, shares outstanding + 100}
set{shout, sh_out / sh_out}
set{shout%, shout * 100}

set{turnvol30, obv(30) / 1000000}
set{turn30, turnvol30 / shares outstanding}
set{turn%, turn30 * 100}
set{%turn, indposition(turnvol30, 60) * 100}


set{60daytrend, count(high reached a new 55 day high in the last 1 day,60)}
set{10daytrend, count(high reached a new 55 day high in the last 1 day,10)}
set{60daybuy, count(high reached a new 55 day high in the last 1 day,1)}

set{buy, count(macd(5,8,5) fast line crossed above 0,1)}


close > 15
shares outstanding < 100
average volume(30) > 1000000

draw buy

draw pricepercent on plot rsi(14)
draw weekly rsi(2) on plot rsi(14)
set{50, 50}
draw 50 on plot rsi(14)
draw buy60 on plot rsi(14)

draw %turn on plot turn%
draw shout% on plot turn%
set{75, 75}
draw 75 on plot turn%


set{pricerangedif, high 55 day high minus low 13 day low}
set{closedif, close minus low 13 day low}
set{Pricediv, closedif / pricerangedif}
set{pricepercent, pricediv * 100}

add column pricepercent{price%}
add column %turn{volume%}

add column separator
add column turn30{turn}
add column turnvol30{obv30}
add column shares outstanding{shares}
add column separator
add column buy
add column 60daytrend
add column 10daytrend

add column separator
add column aroon oscillator(25){aroon25}
draw aroon oscillator(25) line at 50
sort column 8 descending


set{m4, ema(4)}
set{m8, ema(8)}
set{m20, ema(20)}
set{m7, ema(7)}
set{m14, ema(14)}
set{m21, ema(21)}
set{m13, ema(13)}
set{m26, ema(26)}
set{m50, ema(50)}

draw m4 on plot m20
draw m8 on plot m20

draw m7 on plot m21
draw m14 on plot m21

draw m13 on plot m50
draw m26 on plot m50

draw ema(13)
draw ema(20)
draw ema(50)
draw ema(200)
draw ema(300)
draw macd(5,8,5)
draw rsi(2)

draw 60daybuy
set{buy60x, 60daybuy * 100}
set{buy60, buy60x * .25}



set{p50x, count(pricepercent crossed above 50,1)}
set{p50xc, p50x * 100}
set{p%50x, p50xc *.25}
draw p%50x on plot aroon oscillator]



I have added a long signal and increased the volume to 1 million. A word of caution: i have not
traded this filter. Use at your own RISK.
Cheese
1,374 posts
msg #155185
- Ignore Cheese		 1/4/2021 10:34:30 AM

Thank you, SAFeTRADE !
SFMc01
358 posts
msg #155191
- Ignore SFMc01		 1/5/2021 10:03:04 AM

Interesting SAFeTRADE that u first created this discussion over 13 years ago.
StockFetcher Forums · General Discussion · Good study guide for going long during this volatile time.<< >>Post Follow-up

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