RE: Stage Analysis Technical Attributes - SATA Score V2
(2020-05-12, 04:17 PM)isatrader Wrote: Stage Analysis Technical Attributes - SATA
- Price above 10 Week Simple MA
- Price above 30 Week Simple MA
- 10 Week Simple MA above 30 Week Simple MA
- 10 Week Simple MA Rising
- 30 Week Simple MA Rising
- 52 Week Mansfield Relative Strength above Zero Line
- 52 Week Mansfield Relative Strength Zero Line Rising
- 13 Week Force Index Above Zero Line
- Weekly Elder Impulse on Green
- Price Greater than the Weekly Ichimoku Cloud
I was thinking more about these scores, suppose we could actually use them to enter and exit..
anyway, i put these into amibroker except relative strength and volume as i wanted to do this against just the S&P
so out of the 10 above i'm left with 7 (13week Force index and relative strengths not included)
I've created a colour coded filter which you can see from the first image (ISAScoring). This is for the weeks of 2020 where we see the scoring going lower and lower..could this be a way of measuring the beginning and end of a trend I thought?
The "magic" number seems to be 2 (or below), that's where we really want to be out.
I've plotted the scores against the price chart as its own indicator
i wonder could we take this further to be used as a trend or at least a trend strength indicator.
we can see between 2009 and 2020 there a dozen times price got to below 2 yet obviously in hindsight we were still in an uptrend
and just 4 times in 11 years the score went to below 2 and subsequently recovered to 7
coming out of downturns we can reach 5 even, but never 7.
on the flip side we are sometimes in a 7 but technically still in a stage 3
let me know if you think its worth taking further..I personally think there could be value
example..could we use this to time entry, or when to scale out, when to exit. there is no ONE indicator, but could we come close to our own indicator that uses a combination as we have here to time the market.
attached is an xls of all weeks going back to 1962 of the scoring..