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Registered User
Joined: 9/21/2005
Posts: 566
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Do you know of a good indicator/formula to scan for uptrending stocks?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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There are so many methods.
It would all depend on what you call a
trend and what you were trying to do.
ADX
Higher highs, higher lows above major moving averages.
Percent change over time.
Linear regression percent slope sort.
Even the HNC/Guppy moving averages are a type
of up-trend trading.
(the "long" mavs determine the trend while the "short" mavs
determine entry/exit)
All things being equal I tend to focus on the strongest
stocks in a group.
(that's what pointed me to CG in another list of stocks
that you gave)
Thanks
diceman
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Registered User
Joined: 12/2/2004
Posts: 1,775
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My main scan looks for just that type of stock, uptrending, and very simple, at least for my style. Simply add to your scan where the 50-day moving average is equal to or higher than the 200-day, and price is equal to or higher than the 50-day.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I have been experimenting with this:
Select:
Chart Template
Add indicator
Indicator
Use the formula:
ABS(C>AVGC50ANDAVGC50>AVGC200ANDMAXH63>MAXH63.1)*250
Set your smoothing average to 250 and make
your smoothing average simple.
(not exp!!)
This will "count" how many times in the past year a stock
was above the 50 and 200 and made a new 63 day high.
You can click on the plot and choose sort by actual value.
(to find the best in your watchlist)
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I have also noticed if you click on the plot and choose
"add indicator" and add a 100 day simple moving average
it defines if a stock is a "good tradable" or not.
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I'm using the SP-500 watchlist. If you look at:
ETR
It was a bad tradable in approx 9/7/05
and became good in 9/28/06
(based on the relationship of the 100 day mav)
MAT became good in 7/25/06.
DTV became good in 3/24/06
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I define "good tradable" as something that
has better odds of success when traded by
standard means. Breakout, MACD up-turn,
RSI, Stoc up-turn, dual mav cross, and so on.
Obviously all the parameters in this can be adjusted
to suit your tastes.
Thanks
diceman
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Registered User
Joined: 9/21/2005
Posts: 566
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thanks
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Thanks for another classic contribution from one of the Masters.
I have already checked this out Diceman and it shows great promise. I validated my long term holds and they all look good with this new indicator you have designed.
I will name a New Template in your honor...
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