gkanparthy
6 posts
msg #151824
- Ignore gkanparthy |
4/14/2020 12:01:52 AM
How to filter stocks that are about to do a bullish MACD crossover, but havent yet?
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xarlor
587 posts
msg #151827
- Ignore xarlor |
4/14/2020 11:26:33 AM
Hi gkanparthy! Please provide your definition of a "Bullish MACD crossover."
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gkanparthy
6 posts
msg #151829
- Ignore gkanparthy |
4/14/2020 9:23:56 PM
MACD(12,26,9) Fast Line crossed above MACD(12,26,9) Slow Line
I want to get the picks which are about to make the above macd crossover the next day.
Thanks for your time.
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olathegolf
119 posts
msg #151831
- Ignore olathegolf |
4/14/2020 11:54:55 PM
How about something like this:
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olathegolf
119 posts
msg #151832
- Ignore olathegolf |
4/15/2020 1:19:35 AM
Added Approx. weekly, monthly and quarterly lows:
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olathegolf
119 posts
msg #151833
- Ignore olathegolf |
4/15/2020 1:32:17 AM
This is a simple 5 day test.
Crossover has not happened, but it assumes entry at the open the day following the signal.
You can walk backwards in time and see what the max profit would be the following 5 days.
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gkanparthy
6 posts
msg #151844
- Ignore gkanparthy |
4/16/2020 9:48:59 PM
wow thanks.. let me go through them. Is the last one the latest one with your approximaions added?
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olathegolf
119 posts
msg #151845
- Ignore olathegolf |
4/16/2020 10:23:57 PM
The purpose of the last filter was to see how these stocks generally performed 5 days after the signal was triggered. For the calculation, it assumes:
1. You jump in early before crossover and buy at the open the day following the signal. I'm not necessarily advocating that.
2. P/L is calculated based on the 5 day high following the signal.
I simply wanted to see if stocks popped in the days following the signal. It's really not much more than that. The first two filters address your initial question.
Most stocks follow the general market direction. You can easily see that here. Run the 3rd filter and back up to a point that correlates to the trigger date in early April - a time when the market began an upward trend. You'll see that many of the stocks selected also popped with potential double digit gains over the 5 day period.
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