DanPettit57
3 posts
msg #133423
- Ignore DanPettit57 |
12/29/2016 12:40:29 PM
As the title says, I'm trying to identify trending stocks that just finished a counter trend move and are returning to the primary direction. These are my first filters, so they are very simple!
I like to do in the money options instead of owning the stocks so I set the price filter to between 10 and 65.
Uptrends are prices above EMA(50). Downtrends are prices below the EMA(50). Like I said - VERY simple.
Then I look for stochastics at the right end of the range and turning back.
I've been tweaking all these numbers. Any suggestions would be greatly appreciated!
Dan
********************* long candidates *********************
close is between 10 and 65
and close is above EMA(50)
Stochastic(8,3,3) %K below 40
and Stochastic(8,3,3) %K is 5% above Stochastic(8,3,3) %K 1 day ago
and average volume(30) is above 10000
********************** short candidates ***********************
close is between 10 and 65
and close is below EMA(50)
Stochastic(8,3,3) %K above 60
and Stochastic(8,3,3) %K is 5% below Stochastic(8,3,3) %K 1 day ago
and average volume(30) is above 10000
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pthomas215
1,251 posts
msg #133426
- Ignore pthomas215 |
12/29/2016 1:49:30 PM
dan, maybe add some of the logic from the filter below into yours. this one focuses on divergence somewhat.
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DanPettit57
3 posts
msg #133428
- Ignore DanPettit57 |
12/29/2016 3:08:29 PM
Awesome - great idea. Thanks.
I was wondering about maybe divergence on Money Flow.
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pthomas215
1,251 posts
msg #133429
- Ignore pthomas215 |
12/29/2016 3:18:08 PM
Yep, this is a good filter for what you want. HLX is definitely changing direction (the first stocked that popped up).
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DanPettit57
3 posts
msg #133431
- Ignore DanPettit57 |
12/29/2016 4:37:46 PM
I tried one with CMF(14). The values seem to be a factor of 10 smaller than Fisher so I had to make the slope cutoff .01 instead of .1.
Didn't find HLX though!
************************************
optionable
close above 15
close is above EMA(50)
10 day slope of CMF(14) > .01
10 day slope of close < -.1
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pthomas215
1,251 posts
msg #133433
- Ignore pthomas215 |
12/29/2016 4:55:51 PM
That's a good change. well, HLX is most likely a sell recommendation overall, but seems to be changing direction in the short term.
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