RE: Beginners Questions
(2015-11-30, 07:37 PM)mongoose1969 Wrote:(2015-11-30, 07:25 PM)StageAnalysis Wrote:(2015-11-30, 02:37 AM)mongoose1969 Wrote: Thanks! Downloading now. Weekly will be all I'll need since I'm approaching this from the investor method point of view. If you have suggestions on screener settings to best identify Stage 1 stocks heading into Stage 2, I'm all ears
Here's a daily screen that I run in prorealtime's free screener that finds stocks with daily volume greater than two times the 200 day average; a price that's higher than the previous days; a 10 day moving average that's higher than the previous days 10 day moving average, and finally it is ranked in order of the highest percentage move compared to it's 200 day Average True Range (ATR).
Below is the code:
Code:indicator1 = Volume
indicator2 = Average[200](Volume)
c1 = (indicator1 > (indicator2*2))
c2= Close[0] > Close[1]
c3= Average[10](Close[0]) > Average[10](Close[1])
Condition1 = (Close[0]-Close[1]) / AverageTrueRange[200](close)
SCREENER[c1 AND c2 AND c3] (Condition1 AS "ATR change")
Thanks! So in theory, I can adjust this to weekly based on the investor approach, right?
leave the scan as is and just set your view to weekly charts. Although I find it easier to identify the stages by having the monthly, weekly and daily charts all in view at the same time.
I posted my setup previously in pro real time in the beginner thread I think.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.