RE: Stage Analysis Technical Attributes - SATA Score V2
(2020-05-17, 05:53 PM)pcabc Wrote: I can see it working for breadth, but if you want to catching individual stocks breaking into stage 2 then you need to spot stocks exceeding the boundary of the previous day's channel, i.e. a Donchian channel. If you look at that and above average volume you will capture the breakout points. Just looking that various MA's means that if you sort for the most positive stocks you will end up sorting for the most overextended stocks or ones where it is too late for a good entry.
I agree that screening for stocks moving to from a score of less than 8, to a score of 8 or above wouldn't catch a lot of stocks at the Stage 2A breakout point, as some might breakout on a lower score, but it would give you virtually all of the strongest stocks to watch for when they formed their first or second bases within Stage 2. So I can see value in it, as they are my preferred entry points.
What I don't mean is just looking for strong stocks with a score of 8 or higher, as as you said you'd get all the extended stocks too. So the screen would look only for stocks transitioning from a lower score to higher score. Which would be quite a small list to then check manually for stocks with potential.
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.