four
5,087 posts
msg #88410
- Ignore four
modified |
2/19/2010 10:52:53 AM
******************* pp v1 *******************
******************* pp v2 *******************
******************* pp v3 ******************* added 3/20/2010
hp722c
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trendscanner
265 posts
msg #88411
- Ignore trendscanner |
2/19/2010 11:15:36 AM
That's golden. Is the 4th line even needed?
Could flip it to look for shorts too.
Or take it to 6 months to look for more extreme conditions.
Nice one, four
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four
5,087 posts
msg #88412
- Ignore four
modified |
2/19/2010 11:20:45 AM
@trendscanner
please review my modified post (2 filters now posted)
please be so kind and modify your post and include which version you are referencing
Thanks
P.S. what do you think... take the 4th line (pp v2) out and let us know!
--- took your rec and went back a few more weeks and looks good ---
close > open
close > pp
open > pp
pp near pp reached a new 10 week low
volume > 1000000
close > 1
--- tried 1 week and looks good ---
close > open
close > pp
open > pp
pp near pp reached a new 1 week low
volume > 1000000
close > 1
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trendscanner
265 posts
msg #88422
- Ignore trendscanner |
2/19/2010 3:42:25 PM
The version I was referring to with regard to the 4th line is:
The 1st line appears to be the key set-up line. I don't understand what the 4th line is looking for. In plain English, it seems to looking for stocks where the pp is near pp making a new 4 week low. But if the 1st line is true I don't understand why the 4th line is needed since the first line is already stocks where pp is making a new low.
I'm mainly focused on microcaps right now so I don't plan on trading this filter. But if I was a short term trader I might add "optionable" to this and also look for other indicators that could be added to increase the chances for short term success.
I also played with this version a little. Gives some interesting results:
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four
5,087 posts
msg #88474
- Ignore four |
2/20/2010 11:22:44 PM
The version I was referring to with regard to the 4th line is:
The 1st line appears to be the key set-up line. I don't understand what the 4th line is looking for. In plain English, it seems to looking for stocks where the pp is near pp making a new 4 week low. But if the 1st line is true I don't understand why the 4th line is needed since the first line is already stocks where pp is making a new low.
----------------
Clarification
I believe we don't need line 1. Line 1 is covered in line 4.
However, line 4 adds the additional requirement that the pp today needs to be near the pp reaching a new 4 week low. Notice there are two lines plotted.
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four
5,087 posts
msg #90028
- Ignore four |
3/20/2010 10:58:03 PM
see first message for new version:
******************* pp v3 ******************* added 3/20/2010
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raviram80
30 posts
msg #90131
- Ignore raviram80 |
3/22/2010 9:33:24 PM
how do you trade these stocks? I mean how do we know that they have touched a bottom and will not go further down. Any other indicator to support this
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four
5,087 posts
msg #90135
- Ignore four
modified |
3/22/2010 10:51:22 PM
@raviram80
Try this:
set{var1, day point range / 5}
set{buy, max(close,open) + var1}
draw buy on plot close
add column separator
add column var1
add column buy
--
see first post ... pp v3
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