StockFetcher Forums · Filter Exchange · Ron Black's "The Clear Method" - Trend Identifier<< >>Post Follow-up
srinisu
22 posts
msg #106450
- Ignore srinisu		 5/29/2012 6:49:58 PM

Clear method, a way to determine the direction of short-term price swings. The method identifies the direction of the current price swing and the precise day the swing direction changes. It requires no calculation and has no delay. It is applicable to all stocks, commodities, and indexes in any time frame.

Listed below are the links to the following programming code for the various platforms.
http://www.traders.com/documentation/FEEDbk_docs/2010/09/TradersTips.html

With the available brainpower here, it will be a breeze to convert this into StockFetcher lingo. If someone would be so kind to do so.

Much Appreciated.

Thanks



mktmole
325 posts
msg #106477
- Ignore mktmole		 5/31/2012 12:00:47 PM

.... a breeze ? )

to paraphrase the article..
" In a downtrend follow each bars High for the lowest High. ... wait until a clear price break of that bars high occurs, with the Low of that bar being above the lowest High. This is the 1st bar of a new upswing trend. Then look for each subsequent bar to have a higher low thus continuing the trend up."

needs tweaking... but hopefully is helpful
rgds, mm

Fetcher[draw High 23 day Low on plot price
set{UpperLim, High 23 day High}
set{LowerLim, High 23 day Low}
set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, LOW minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{Range, PPDiv * 100}
and add column Range and range above 0.00

set{up1, count(low above high 23 day low,1)}
set{up2, count(low 1 day ago above high 23 day low,1)}
set{up3, count(low 2 days ago above high 23 day low,1)}

Set{a1, up3 * 1}
Set{a2, up2 * 10}
Set{a3, up1 * 100}
Set{aa, a1 + a2}
Set{trend, aa + a3}
and add column trend{Low_above_lowest_high:_today_1dayago_2daysago}

and chart-type is OHLC and chart-length is 45 days and market is not otcbb
and price above 1
and average volume(15) above 500,000

and sort by column 6 ascending
/* Next Page to look for trend strength or trend change */

and offset 05/30/2012]
srinisu
22 posts
msg #106503
- Ignore srinisu		 6/1/2012 8:05:17 PM

Thanks for taking an attempt. I pulled up a list lastnight and it is working for some stocks and not others. There must be something missing.
mktmole
325 posts
msg #106504
- Ignore mktmole		 6/2/2012 12:36:22 PM

2nd effort.. BOTH2 shows what is required.
Fetcher[draw High 23 day Low on plot price
set{UpperLim, High 23 day High}
set{LowerLim, High 23 day Low}
set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, LOW minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{Range, PPDiv * 100}

and BOTH2 CROSSED above 0.5
and draw BOTH2

and add column Range

set{up1, count(low 1 day ago above high 23 day low,1)}
set{up2, count(low above low 1 day ago,1)}
set{both2, up1 / up2}

and 23 day slope of the high below -0.1 and do not draw 23 day slope of the high

and chart-type is OHLC and chart-length is 45 days and market is not otcbb
and price above 1
and average volume(60) above 500,000]
srinisu
22 posts
msg #106507
- Ignore srinisu
modified		 6/2/2012 8:57:25 PM

Based on the filter, there were 5 stocks i.e. GDXJ, EGO, GOLD, SSRI and PMT. But all of them had triggered several days back. I've taken GDXJ and plotted it. I see some reference to 23 days and not sure why that is being used. Anyway, here is the link.

http://tinypic.com/r/16iingo/6

While Ron himself states that it shouldn't be used along, I do like the fact, you can look at any chart and figure out the trend immediately. With GDXJ, one could have picked it up on 5/18. With all the other indicators, technical analysts need to plot them to figure out what they are doing i.e. Stochastics, MACD, MA etc.

Thx
StockFetcher Forums · Filter Exchange · Ron Black's "The Clear Method" - Trend Identifier<< >>Post Follow-up

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