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Channelling stock recommendation please Rate this Topic:
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burak30
Posted : Thursday, February 11, 2010 9:14:26 PM
Registered User
Joined: 2/6/2010
Posts: 8

 Hello everyone,

 I haven't quite figured out how to find a channeling stock using RealCode. 

 Could you

a) tell me how I can set RealCode to return a list of channeling stocks

 or

b) tell me a stock that is in a channel as we speak

 Thank you,

 Burak
johnlc
Posted : Thursday, February 11, 2010 9:47:20 PM
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Joined: 2/21/2007
Posts: 797
better go over to stockfinder.     I tried real code but don't have the patience or smarts  for it.    Plenty of bollinger band posts at TC.
william4567
Posted : Thursday, February 11, 2010 9:53:18 PM
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Joined: 11/22/2006
Posts: 100
Have you watched the video on Scan For Stocks Bouncing in a Lateral Channel forums.worden.com/Default.aspx?  Its for Telechart but the PCF's should be easy to convert to Stockfinder.
wwrightjuly4
Posted : Thursday, February 11, 2010 11:00:52 PM
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Joined: 4/10/2006
Posts: 954
http://videos.worden.com/stockfinder/bouncingstocks/bouncingstocks.htm
william4567
Posted : Friday, February 12, 2010 5:59:02 AM
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Joined: 11/22/2006
Posts: 100
So when I run the scans and sorts from the LateralChannel video mentioned above, two examples I found that fit the pattern: PAP (top resistance line $4.95, Bottom support line: $3.85) and GLNG (top resistance line $13, Bottom support line: $10.75).  There are probably be better examples from the list, maybe look for some indicator showing a divergence.  PAP has a MACD-H divergence showing.  Sorry, no pretty charts today.
william4567
Posted : Friday, February 12, 2010 6:23:43 AM
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Joined: 11/22/2006
Posts: 100
What kind of channel do you like your stocks in?  Bollinger Bands, Donchian, Keltner, something around a moving average, English?  There are too types to guess at.
burak30
Posted : Friday, February 12, 2010 10:24:30 AM
Registered User
Joined: 2/6/2010
Posts: 8

Thanks to everyoe who posted. I watched the videos and StockFinder , and try out the search patterns shown on those videos. I will continue learning more about Telechart and Stockfinder too.
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