StockFetcher Forums · Filter Exchange · DUSTING OFF AN OLD WEINSTEIN FILTER<< 1 2 3 4 >>Post Follow-up
7,772 posts
msg #153047
Ignore karennma
7/9/2020 2:53:06 PM

2,342 posts
msg #153044
- Ignore Mactheriverrat 7/9/2020 1:46:52 PM
That was me that started the Weinstein stuff.
I quit messing with it as I thought it was too lagging.


It IS "lagging" .. to a fault.
The book was published in 1988.
Times have changed.
Markets don't move that slowly anymore.
(Don't get mad at me. . . JMHO ...)

877 posts
msg #153048
Ignore graftonian
7/9/2020 3:29:57 PM

I have to agree with the Weinsteins lethargic behavior. This can be improved by using the Hull MA instead of weighted MA

market is NASDAQ
set{slow1a, cwma(close, 75)}
set{slow2a, 2 * slow1a}
set{slow3a, cwma(close, 150)}
set{valslowa, slow2a - slow3a}
set{H150, cwma(valslowa, 12)}
DRAW H150 on plot price
draw WMA(150)

5,343 posts
msg #153050
Ignore shillllihs
7/9/2020 4:34:08 PM

I called Weinstein lame and was criticized.
Guppy ema is better but it gets you in late and gets you out late. It almost doesn’t work at all with inverse ETFs.
I have the most success layering obv. with ma. in my own stylings.

2,447 posts
msg #153060
Ignore Mactheriverrat
7/10/2020 4:04:37 PM

That is true guppy and etf's
but the below twitter user was turned on to me in another forum about her using the EMA(5) cross of the EMA(13). It works good on entry. Its a little late on exits

Carolyn Boroden

/* EMA 5 cross EMA 13 as a trigger */
/* e513 is number of consecutive days ema(5) above (+)/below(-) previous eMA(13) */
set{e513b,days( ema(5) is above eMA(13) ,250)}
set{e513a,days( ema(5) is below eMA(13) ,250)}
set{e513, e513a - e513b} and add column e513 {e513}

Set{cntema5crossaboveema13,count( ema(5) > ema(13) ,1)}
draw cntema5crossaboveema13

Set{cntema5crossaboveema13b,count( ema(5) < ema(13) ,1)}

draw cntema5crossaboveema13b

5,343 posts
msg #153061
Ignore shillllihs
7/10/2020 4:34:00 PM

Yeah I noticed it has potential. Perhaps scaling out on dips helps. Or some genius can layer it with something that gives a heads up.

If you scale out 20% on every red candle, after 10 red candles you only have a 13% position so a pullback won’t be so bad.

552 posts
msg #153062
Ignore nibor100
7/10/2020 7:51:38 PM


1. If my memory serves me correctly, previously Graftonian added the Schaff Trend Filter components to his Weinstein filter, which made it unusable for many SFers with the Basic Subscription; so I suggest try and remove all of the Schaff Trend Cycle related code.

2. Regarding interest fading in the Weinstein approach on this forum, I would attest it to those members who want to trade daily not being patient enough to wait for true Stage 2 entries that on average resulted in 240% gains in an average of 8 month holds. (Based on my review of charts in the first 25% of his book before I got sidetracked...)

As such its not for everyone but there are a few websites that seem to cover Weinstein methods in earnest, so perhaps all haven't given up on 1980 and prior technical analysis in today's markets. After all, moving averages are older than dirt yet some still have success using them.

Hope this helps some,
Ed S.

152 posts
msg #153064
Ignore roca1018
7/11/2020 8:08:04 AM

Thanks Ed. Could you name a some of those sites. I'm not that inpatient.


552 posts
msg #153068
Ignore nibor100
7/11/2020 5:04:28 PM

Here's a couple:


After you read that webpage choose Screener at the top of the screen and you'll get their Markets page of stage data. At the top of that page there is a Search Ticker box in which I entered MSFT and was provided with a chart and table showing what stage MSFT is currently in and for how many weeks etc.
Currently its in Stage 2 for 14 weeks and has gained about 50% and the prior stage 2 it looks like it gained about 85%.


Lots of stuff I haven't explored fully yet

3. I believe Mactheriverrat had posted those and others about a year ago...

Ed S.

152 posts
msg #153077
Ignore roca1018
7/13/2020 8:56:39 AM


Thanks again


867 posts
msg #153121
Ignore Cheese
7/15/2020 11:54:09 AM

@graftonian and @nibor100

I'm quite willing to upgrade to an advanced sub, just to see
the scoring signals from graftonian's Weinstein with Schaff Trend Cycle filters.

But then graftonian said something about filter may be "useless"

In your opinions, is there any added value in working with Weinstein + Schaff Trend Cycle ?
Please advise. Thanks.

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