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I am looking to set up conditions to find potential reversal patterns on my master list and the Russell 3000 list. I understand that most traders are momentum oriented but I am a true contrarian. I assume once you set a condiion you can screen on any time frame? I already screen on stochastics turning up thru 20; reversal of lower level bollinger bands; and 5 day consecutive decline in price. I would like formulas that show :
Triple Cross of moving averages after a decline( it can be a flattening trend rather than all M.A. actually crossing)
A formula that highlights a reverse head and shoulder Bottom
And other formulas that might also fit reversal patterns
I am not a day trader so most of my interest is in swing trading(one week to 3 months) and long term investing(over one year). I have already designed a workspace that shows some momentum indicators so that there is more than only price decline that gets me involved Thanks Richard
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In the past I have found two types of charts helpful in evaluating trades. Do you have theses charts or are there formulas to impliment them:
Price against P/E levels- this chart shows prices but the channels correspond to P/E range. So for example if stock A has traded between a 12 and 18 P/E the price will lay on a 12 or 14 or 16 or 18 P/E line which will reflect current P/E valuation to history
Can I plot spread between two stock prices over time to see history for pairs trading
Thank You Richard
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Looking for information on parameters for various stock indicators- On my charts I have set up Stochastics,MS,MACD,TSV.Bollinger Bands. I am looking for parameters that will give signals about 3-6 times over a 12 month period. For example I have set my STO at 40,5,10. MACD at short 30 Long 50 Period 5. TSV at 21 bars with MA at 10 baes, and Bollinger bands at 15 bar and 15 SD. I am interested how others have set the parameters and what is most appropriate for a swing trader. I am also interested in how people have set up their charts -especilly with other indicators they find useful.
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When setting up a stochastic how do you set the parameters. I am looking for stochastic values that will idenify oversold and overbought 4-6 times over a calander year. Thanks
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