RE: Beginners Questions
I spent some time with the newly formed screener last night and all the stocks it screened appear to me to look more like stocks screened for a trader method than an investor method. Looking back through his book and the graphics in both the book and this thread, should the investor method screen ignore volume (in theory, we are trying to predict when the breakout is going to occur so volume wouldn't be large yet) and attempt to screen for pricing below the 30 day moving average?
Here are the conditions I set in an attempt to duplicate the investor method graphic in the book. Am I in error by doing it this way?
indicator1 = close
indicator2 = close
c1 = (indicator1 >= indicator2[1])
indicator3 = close
indicator4 = Average[30](close)
c2 = (indicator3 <= indicator4)
indicator5 = Average[30](close)
indicator6 = Average[30](close)
c3 = (indicator5 >= indicator6[1])
SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.")