| yweissberg |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, December 20, 2005 |
| Tuesday, June 10, 2008 4:24:05 AM |
35
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What can I use to find out of a stock has no 200-dma(Meaning it is a recent issue). I'm looking for stocks above the the 50-dma, but with no 200dma. I';ve got 50-dma PCF covered but not sure how to implement a scan which lists stocks without the 200dma.
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Technicals are in my opinion most important. However, fundamentals also play a large role in selecting the right stocks. This has been extensively researched by William J. O'Neil and more information can be found online under his CANSLIM method.
I figure that funds do really in-depth research and will therefore understand more fundamentals then you can. However, you want to sort the speculative stocks making moves from traders and those being accumulated for the long-term by insitutions(and this is where fundamentals come in).
Additionally, if the fundamentals are good, the technical health of the chart will generally correspond(factoring in industry leaders etc).
Related to HSR:
The market is down, so it doesn't matter. However, the technical health of the chart is not as bad as you make it. It has been supported on the 50-dma by heavy volume. You will need to see some heavier breaking of 50-dma with failed rallies before you call this one.
Regards,
yweissberg
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I'd like to know roughly what amount of data telechart downloads on each update.
I may be using gprs to update in the future(when travelling) so it will be necessary for me to know in order to find the appropriate gprs data plan for me.
Regards,
yweissberg
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I'll have to test this myself at a store. Is there any way for me to install telechart on various laptops, because I understand that you can only use telechart on 2 pc's. I wont be using these same laptops again...
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I'll be travelling extensively next year and so I'll be needing a laptop in order to trade.
I'm wondering wether to get a 15" or 17" screen and also if it's possible to take telechart on a usb disk to the store in order to test it on the different screens?
Input from people trading on laptops/notebooks appreciated...
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dont try catch a falling knife
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Hey guys I found a site with a huge amount of PCF'S, and many for CANSLIM.
at (external link removed by moderator)
I just want some helps understanding the reasoning behind these PCF's and some general scripting q's:
((AVGC89 - AVGC89.27) > 0)
so the 89 day moving average minus the 89.27 moving average? What happens if you had decimal points after C(close), does it work on intraday?
PerCent Volume
((V - AVGV63) / (AVGV63 + .001)) * 100
This is more in realtion to script - what is the relevance of adding .001 to the average volume 63 days ago?
Relative Strength Value
(((C / (.001 + C62)) * .04) + ((C63 / (.001 + C125)) * .02) + ((C126 / (.001 + C188)) * .02) + ((C189 / (.001 + C251)) *.02)) * 100
Basically same question as to the pcf above.
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Yes. Price cross the 50 or 200dma on a down day.
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How would I scan for a price breach of the 50 or 200dma line or a down day within %10 of the 50 or 200dma line?
Thanks =)
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One thing which is very confusing is the stocks that make huge run ups and then drift down for many months on light volume. Sometimes even correcting more then %50 despite there being NO evidence of strong selling and sometimes even containing buying support(or so it seems).
Here are some quick examples off the top of my head:
CHNR - Massive breakout during 06 JAN lasting till Febuary. It then corrects %50 over light volume and with occaisonal big buy-ins(03/15/06).
ISON - Massive move-up during mid-04. and again a similar drift downwards... One large selling day but compare that to the volume on the move-up + the buy-ins during the correction.
I think I might be thinking about volume incorrectly because this cant be institutions 'still-holding' the stocks waiting for a true potential to be reached. I've looked at the bars and price action and still dont get it...
What exactly am I missing?
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