Does anyone know how to use this indicator? What is it for and what does it tell/show?

-Mike

Pretty good call on Westport!  Up 20% so far today.  It's a long-term play, but I think a good breakout move from here, if the markets start turning around of course.

They signed a deal with Caterpillar (CAT) this morning to develop natural gas engines in off-road vehicles and trains. 

I'm a long WPRT as long as natural gas prices remain low.  Demand will increase 17% over the next five years.  Good signs for Westport!

-Mike

Wow that's interesting.  

Does it seem to work out, when using that scan, to pick out good pairs to trade?

What will your ATR show you when you run your scan? 

I'm curious.

-Mike

I don't think that there is necessarily something wrong with the underlying security.

Keep in mind that the vast majority of stocks trade in the direction or trend of the overall market (70-80%).  Today the market traded lower.  I think you also need to take into account volume, or strength of the move.  Really study the price action.

As an example, gold has been relatively stable in the $1500-$1600 per troy ounce over the last few months, but the gold miners have been beaten down and down.  They are trading extremely cheap relative to the actualy price of gold. It didn't really make sense, but that is an annomaly of sorts and it happens quite often. It doesn't mean that there is something wrong at all.  Just be careful when doing your due diligence though.

On a side note, I own Westport Innovations at around $23/share. They make natural gas engines.  I hope and pray that the price of natural gas continues to stay low, so that companies can develop the technologies needed to make natural gas a main transportation fuel across the U.S. If that happens, companies like Clean Energy Fuels (CLNE) and Westport Innovations (WPRT) will really benefit.

-Mike

I like it.

Stocks need to be in an uptrend, hopefully you'll find stocks hitting support and bouncing.  Have you used this in the past?  If so, how successful?

-Mike

I always mess around with different stock screens to come up with new ideas.  In today's troubling market, I always float to companies with low beta and a growing dividend. 

I get a handful of names that I like to use.

What are screens that you typically use to generate ideas? 

As an example:

An Accelerating Growth with Yield screen I sometimes use

1.) 5-year EPS growth greater than 20%

2.) EPS growth past 5-years over 10%

3.) Dividend yield of over 3% 

This screen finds stocks that have accelrating earnings from 5 years ago to 5 years from now, that will yield over 3% in the meantime.

Are there any screens that you would like to share, only to help out fellow traders generate ideas.

Thanks,

Mike

I like your criteria for your scan, but what are you looking to do with this scan?  What will it show you?

I'm new to creating my own formulas and such and would really like to know how to use certain criteria to generate trading ideas. 

Obviously you want stocks over 250,000 shares/day and a close over $5.  You also want stocks that are breaking out?  I'm not sure what you want to do and I'm curious.

Thanks Rich Idiot,

-Mike

I have a chart of INTC up right now, on my main screen.  On it there are 3 moving averages, the 20, 50, and 200 day, and of course volume.

I'd like to create a tab, if possible, that will show different indicators of the same chart, say INTC.

So, one tab would have the moving averages, the next tab would have MACD, another tab would have Stochastics, and another OBV and money flow, all on my main charting screen.

is this possible, keeping the company the same, or chart the same, with different tabs to view different indicators?  I hope I'm clear enough.  If not, let me know.

Thanks

-Mike

Thank you Bruce!  I appreciate it.

-Mike