| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 3/26/2005
Posts: 6
|
Sir,
I am looking for the PCF for a stong uptrend with a 18 day pullback.
Thank u Dshughes
|
|
Registered User
Joined: 3/26/2005
Posts: 6
|
on a daily chart
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
dshughes:
A great way to find these stocks would be to do linear regression sorts. First sort by a longer linear regression line, and flag the ones with a nice strong uptrend. Then, go to All Flagged Items and plot an 18 day linear regression line, and sort on it in ascending order.
Give that a try, and let me know what you think ofthe results.
- Doug
Teaching Online!
|
|
Administration
Joined: 9/30/2004
Posts: 9,187
|
Here's some stocks found in the SP-500 using Doug's technique (I used a 100 bar regression, then the 18 bar regression). Is this what you're looking for?
PG
KO
GLK
ASO
ADSK
YHOO
PEP
SYY
UTX
LMT
HLT
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
I used a 125 bar regression, and then the 18. How about these three?
PEP
INTC
BA
I also used S&P 500.
- Doug
Teaching Online!
|
|
Registered User
Joined: 3/26/2005
Posts: 6
|
I was hoping to get a PCF for the pullback, is this a PCF that can me created?
Thanks dshughes
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Check out this video:
EasyScan for stocks pulling back from an uptrend
and use this PCF instead of the 30-day percent change:
Price Percent Change 18-day
(C-C18)/C18*100
Keep in mind that you only EVER need a PCF when the conditions already in the system don't do what you hope. In this case, you need a PCF because there is not a Price Percent Change 18-day already in the system.
As for Doug's technique... I think it is superior to using EasyScan and/or a PCF for finding pullbacks. It is more flexible and will find more stocks as a result. By using conditions (PCF or not) in an EasyScan you are forced to pick rigid time frames and specific numbers. With any form of visual sorting, you are picking stocks visually (the same way we pick them with our spacebar).
- Craig
Here to Help!
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I'd watch the video Craig mentioned first. It is possible to convert Doug's technique into Personal Criteria Formulas for use in an EasyScan/Sort technique however if you prefer its results but don't want to go through the Flag/Visual Sort process each day.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 3/26/2005
Posts: 6
|
Doug,
I want to thank you for your help and the PCF. However I am not sure on how to use your method would you be able to point me to a video on linear regression sorts. First sort by a longer linear regression line, and flag the ones with a nice strong uptrend. Then, go to All Flagged Items and plot an 18 day linear regression line, and sort on it in ascending order.
Thanks, Dshughes
Sorry to be a pain
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
You are not a pain at all. Check out these videos, they use flagging and LR sorting:
Using Linear Regression Sorts to Help Spot Divergences
How to use the Flagging feature
- Craig
Here to Help!
|
|
|
Guest-1 |