| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 1/27/2005
Posts: 88
|
Is there anyway to create an Easyscan or formular where it picks stocks that are in good postion to Buy with an indicator and the opposite to Sell .
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
It is possible to put multiple indicators on the chart. If you have particular indicators in mind which might "picks stocks that are in good postion to Buy" and the "opposite to Sell.", we will do our best to help you implement them. That said, the trainers can't give setting, interpretation or investment advice. I will move this topic to the Stock and Market Talk forum where other traders are more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 1/27/2005
Posts: 88
|
I understand your position. With so many indicatores available, I was hoping that you could guide me to indicators that pron to indicate a stock in a better selling position and then others that show they are in a buying position. It would help me find them and would help me to put the few indicators together as an Easyscan or a formular that you may help me put to gether.
I realize nothing is 100% but at at least I can give it a try.
|
|
Registered User
Joined: 5/9/2010
Posts: 144
|
Lefty86, the best indicators are always going to be price (your money) and volume ( mass psychology.) You won't lose checking out Martha Stokes, C.M.T., Ms. Tina Logan, all past Worden Webinars, and any books or videos offered by Worden. I love these guys and gals! It's all about what you have time for, and how much time you are willing to put into this. My favorite posters are Pthegreat, Diceman, funnymoney, ahh there is to many to mention. Daytrader options- seek Pthegreat and akspeculations. Diceman- his mind is like a file for all posts and I believe he is more of a swinger. Michael Thompson and Julia are great for their webinars on swinging, Martha and Tina, too. You cannot skip the "Dragon" thread, excellent webinar presentation. Myself, I lean more towards Pthegreat. I believe he has tripled his money since last October! There are so many ways to look at this. You have been here since 2005. So, keep your head up, and it's all about the money management. Small loses and huge gains to you. Take care. Sincerely, Josh Smith.
|
|
Registered User
Joined: 2/5/2006
Posts: 1,148
|
QUOTE (Lefty86) I understand your position. With so many indicatores available, I was hoping that you could guide me to indicators that pron to indicate a stock in a better selling position and then others that show they are in a buying position. It would help me find them and would help me to put the few indicators together as an Easyscan or a formular that you may help me put to gether.
I realize nothing is 100% but at at least I can give it a try.
you do realize people write books to explain this question.
in a nutshell, yes, however, indicators, by themselves, are not a reason to buy or sell stocks. they are a secondary analysis used to support a primary technical analysis, i.e. trendlines, patterns, intermarket analysis.
some of the more popular indicators are rsi, moneystream, balance of power, obv, and macd.
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
Check out the Larry Connors and Dr. Wish webinars.
One of the things that needs to be done is definitions.
I don’t believe there is such a thing as buying a stock.
Sure, you can tell the broker give me 100 shares of XYZ,
but what are you doing?
There’s break-outs pull-backs, trends, strength, weakness, patterns, support/resistance, indicators.
Are you going to trade, invest, hold for a day, a week, 10 minutes?
Everything is connected with everything else.
What you need to do is look at as many ideas as possible and look at what fits your personality and account size.
Thanks
diceman
|
|
Registered User
Joined: 1/19/2011
Posts: 23
|
RSI(2) is probably closes on a short term basis to TA singularity, but really, technical indicators are windsocks and a shadow of price. Before solely relying on any one indicator to trigger trades, I would recommend learning supply/demand, support/resistance, etc...the basics of price.
|
|
|
Guest-1 |