(This post was last modified: 2020-06-16, 02:26 PM by malaguti.)
RE: Stage Analysis Beginners Questions
(2020-06-16, 02:02 PM)Stockytrader Wrote:i find that the weekly macd crossing the zero line, which i've used as a filter to improve the results of tests, is a really good indication of either just getting into stage two, or at the later stages of a stage 1.(2020-06-16, 01:30 PM)isatrader Wrote:(2020-06-14, 05:12 PM)Stockytrader Wrote: Hi Guys,
Is there anyway way to find long term stage 1 bases? Like using a particular market scan for example? All help much appreciated
There's not a particular scan that I have that looks for long term Stage 1 bases. But you could make something by looking for stocks that haven't yet broken above a flat price channel / Donchian channel. So you'd need to use a high setting of say 52 weeks / 252 days or more of the price channel not rising.
Ah, that would work, excellent idea isa!
Additionally, the 10 week momentum (also called ROC "rate of change" indicator) is another good indicator for stage 1 just getting to a stage 2. The 10 week momentum, crossing zero, then the first pullback is your stage 2
I'd also concur with the donchian, the only thing i'd say is that the 52 week is possibly too late. I'd look at 20 week. put the donchian on your chart and its sometimes spot on, sometimes a little early, but will give you a list that are just/almost breakout out
these are all predominantly good for late stage 1s
let us know how you get on