grass
10 posts
msg #38642
- Ignore grass |
11/1/2005 4:04:43 PM
Hi All,
I'm trying to create a filter that will select the following:
1) If the stock is in downtrend and the day candle looks like a bulish reversal (small boddy, long tail down)
2) If the stock is in uptrend and the day candle looks like a bearish reversal (small body downstairs, long tail above)
Any ideas appreciated.
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riggs
313 posts
msg #38647
- Ignore riggs |
11/1/2005 8:20:54 PM
Grass -
Try this for size: " Bullish Thrusting line"
This will be a good start,I hope it helps.
RIGGS
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riggs
313 posts
msg #38648
- Ignore riggs |
11/1/2005 8:49:11 PM
Grass -
Sorry, I forgot your uptrend filter. Here it is....
Now with the market in an uptrend you will probably see more than your share of these, but if it were me, I'd be looking for "Shooting Stars." But that's just me. Again, I hope it's what you're looking for.
RIGGS
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grass
10 posts
msg #38687
- Ignore grass |
11/3/2005 3:20:26 PM
Hi Riggs,
You got to be rich man. This is a bestseller. I tested the filter and it is exactly what I was looking for. Thanx a bunch.
1 question: I missed the point of the first phrase: "Open minus low is more than 100 above close", can you explain please ?
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riggs
313 posts
msg #38688
- Ignore riggs |
11/3/2005 4:30:42 PM
grass -
I thought you might like those filters. And no I'm not rich yet, but if I hang around here long enough I will be and so will you.
As far as the open low close open, it is a "0" line Oscillator that I love that keeps me in the the trend. As long as you keep the filter, It should show up on the bottom of your arsenal of personal filters.
It looks like were possibly reaching a market top, so prices should start to slide any day now, so those filters will start to show more results. I'm glad you like them, b/c they are some of my favorites. The "Bullish Thrusting Line" is a powerful candle stick! It usually marks the start of a new strong upswing. You were smart to look for it. I knew right away you (grass)know just what you're doing brother.
RIGGS
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jacobnbr1
37 posts
msg #38973
- Ignore jacobnbr1 |
11/20/2005 12:28:13 AM
YEA I AM KINDA NEW HERE AND WAS JUST WONDERING. IS THE BULLISH THRUSTING LINE A BULLISH SCREEN OR A BEARISH SCREEN? AND THE SAME WITH THE OTHER SCAN. I HOPE THIS ISNT TOO STUPID OF A QUESTION.
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riggs
313 posts
msg #38979
- Ignore riggs |
11/20/2005 1:23:41 PM
jacobnbr1 -
First off...there are no STUPID questions here. Secondly, the "Bullish Thrusting Line" scan is a BULLISH filter. The second filter you see is a BEARISH filter. You will see a long shaddow on top of the candles in an uptrend but no tails. This is a bearish signal. Remember this...Trade in the OPPOSITE directions of "shadows." If in a downtrend, you see a white candle with a tail(bottom shadow) two time the length of the real body, go long! If in an uptrend, and you see a shadow ABOVE the close 2 times the length of the real body, then start thinking about taking profits b/c a reversal is near. Again, "trade in the OPPOSITE directions of shadows."
RIGGS.
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