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Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154339
modified
10/15/2020 3:35:49 PM

The exit strategy is to sell 1/2 at a 8% gain and sell the if price closes below the 10 wema.

Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154336
10/15/2020 10:17:44 AM

https://www.traderspro.com/#/indexes/marketETFs

I think this used to be Stockoodles. Looks like they have a paid subscription now also.

Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154326
10/14/2020 3:11:56 PM

Thanks Xarlor!


Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154319
10/14/2020 11:11:29 AM

If you enter offset the filter 12 days you will see the that out of 93 stocks return, most have had a positive gain since then. I think the goal of the strategy is to buy the reversal based off the bigger moves down, where the down turn last many weeks. Most stocks will move with the broad market going back up. I think that is the key.

Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154308
10/13/2020 9:22:17 AM

Thank you! I found the video I watch. All - if I have the code wrong please correct the filter.

https://members.thetradersplan.com/income-video



General Discussion · Silver/Gold Discussion
davesaint86
msg #154246
10/9/2020 7:52:22 AM

Thank you!

General Discussion · Silver/Gold Discussion
davesaint86
msg #154234
modified
10/8/2020 2:25:18 PM


https://www.tradingview.com/x/Vm1cPpoL/

Let's see if this falling wedge plays out.




Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154176
modified
10/4/2020 8:20:22 PM

Cheese (KD) yes to your question. The BB Sell is the upper Bollinger Band and can be used as a sell. If you look up FSK in StockCharts on the Daily chart you will see that price is above the upper Bollinger band. However, it is not above the upper Bollinger band on the weekly. With that said technically it's not part of the sell strategy from the video I saw. If you offset the filter by a week it looks like 81 out of the 93 stocks listed closed the week out with a gain.

Filter Exchange · Weekly Reversal Strategy
davesaint86
msg #154166
modified
10/4/2020 5:18:26 PM

I saw this strategy on another site and attempted to build the filter for it. I forgot who posted the code for the RS, ROR, Score, but I added it to the filter. Thanks. If you filter one week prior, this is when many of the buys triggered. You would have also bought the Monday following the March 23rd reversal candle low.

Buy Rules
• The price on the weekly must undercut the previous 3 weeks (Reversal Bar)
• Price must close above the prior week’s close
• The volume must be above the average
• You enter on Monday the following week
Sell Rules
• Sell ½ the position at a 8% gain
• You sell the second half after prices closes below the 50 DEMA or weekly 10 WEMA



Fetcher[Show stocks where average volume(50) is above 500000 and close is above 5
Show stocks where weekly low is below weekly low 1 week ago
And show stocks where weekly low 1 week ago is below weekly low 2 weeks ago
And show stocks where weekly low 2 week ago is below weekly low 3 weeks ago
And show stocks where weekly close is above weekly close 1 week ago

/* RATE OF RETURN */
set {rateor1, close - close 28 days ago}
set {rateor2, rateor1 / close}
set {rateor, rateor2 * 100}

/* RELATIVE STRENGTH */
set {rs1, relative strength(^INX,28)} /* S&P 500 Index */
set {rs2, relative strength(^DJIA,28)} /* Dow Jones Industrial Average */
set {rs3, relative strength(^RUI,28)} /* Russell 1000 */
set {rs4, relative strength(^IXIC,28)} /* NASDAQ Composite */
set {rsavg1, rs1 + rs2}
set {rsavg2, rs3 + rs4}
set {rsavg3, rsavg1 + rsavg2}
set {rsavg, rsavg3 / 4}

/* SHARPE RATIO (the higher the ratio the riskier the investment) */
set {srclose, close 28 days ago}
set {srreturn, close - srclose}
set {srpercent, srreturn / srclose}
set {rfreturn, 0.0015417}
set {srperf, srpercent - rfreturn}
set {etfstdev, cstddev(close,28)}
set {etfvol, etfstdev / ma(28)}
set {sharpe, srperf / etfvol}

/* ADD THEM UP */
set {score1, rateor + rsavg}
set {score2, score1 + sharpe}
set {score, score2 / 3}


draw weekly ema(4)
draw weekly ema(21)
set{E15, weekly ema(10) - weekly ema(40)}
set{ema10/40-Longposition, count(E15 > 0,1)}
set{ema10/40-Shortposition, count(E15 < 0,1)}
draw ema10/40-Longposition on plot
draw ema10/40-Shortposition on plot
and draw Slow Stochastic(5,1) Fast %K line at 20.00 and draw Slow Stochastic(5,1) Fast %K line at 80.00
and draw Slow Stochastic(5,1) Fast %K line at 50.00

set{E10, close above Upper Bollinger Bands(20,2)}
set{BBLongposition, count(E10 > 0,1)}
set{BBShortposition, count(E10 < 0,1)}
SET{BBTRIGGER,0}
add column separator
add column rateor1 {change}
add column rateor {ror}
add column rsavg {rel str}
add column sharpe
add column score

add column separator
add column BBLongposition{BBSell}
add column separator
add column ema10/40-Longposition {wema-10/40}
add column separator
add column e15 {delta}
add column separator
add column weekly ema(4) {wema4}
add column separator
add column weekly ema(10) {wema10}
add column separator
add column weekly ema(21) {wema21}
add column separator
add column weekly ema(40) {wema40}
add column separator

ADD COLUMN ROC(63,1) {3 mth %}
add column separator
ADD COLUMN ROC(21,1) {1 mth %}
add column separator

add column Upper Bollinger Bands(20.2) {Up-BB}
add column separator
add column lower Bollinger Bands(20.2) {Low-BB}
ADD COLUMN SEPARATOR


draw weekly ema(10)
draw weekly ema(40)
draw Average Volume(50)

sort column 10 descending
chart-display is weekly
chart-time is 2 years
]




Stock Picks and Trading · WIZ holdings
davesaint86
msg #154156
10/1/2020 3:16:49 PM

Yes. Click on the URL where Scott Juds writes why it's triggering.

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