RE: Group Indexes
(2018-07-17, 01:06 PM)StageAnalysis Wrote:(2018-07-17, 01:00 PM)badcharts Wrote: Hi Mr. Barron,
I use also http://sceener.nextbigtrade.com
You can drill down index => sectors => stock.
Also has a bunch of cool other metrics, as how many stocks in each stage...Â
Regards,
Patrick
I would add a note of caution, as although a useful tool. The stages are generated by automated software and so are often not correct, as no one has found a good way to automate it yet, as there's too many variables involved. But it's certainly useful as a rough guide, but I'd recommend rechecking the stages yourself manually on anything that you look at.
This is interesting. I spent some time trying this myself. I found that by comparing closing price and the direction and relation of moving averages then stage 2's and 4's could be estimated, though one could argue about early and late parts of these stages and also what to do if the close drops below a rising 150 day MA. But I had difficulty distinguishing stages 1 and 3 and often found that reporting stage '1/3' was pragmatic. Prices are moving sideways with potentially lots of ups and downs so the MAs and their relations are not so useful.Â
I recall someone here using something, Donchian channels perhaps to help with estimating, which was interesting. Unfortunately I can't remember much of it.
I also note BadCharts use of the TrendAdviser diamond. I tried calculating the stages of that system a while back. It is logically defined, there is no ambiguity or human judgement, no wiggle room.