RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2023-04-14, 04:52 PM)pcabc Wrote: The Stages of Stage Analysis are defined in more of a descriptive than a simple mathematical manner, with entry to Stage 2 being from a breakout from Stage 1 and entry into Stage 4 on a breakdown from Stage 3. At best we can make an algorithm that identifies a reasonable approximation to the stages. Picking breakouts for humans is easier than for computers - as typically for the computer to do so we need to plot a channel (e.g. a Donchian channel) and identify a breakout from it. However, what is the approrpiate time period for the channel varies from chart to chart. I've ignored channels and used an algorithm that works something like this...
I take it that you haven't seen the Stage Analysis Technical Attributes (SATA) indicator that I created on Tradingview, which gives a good automated guide of the Stages, and uses a scoring system based on 10 key characteristics from the method, and was expanded from my original work on the SATA concept 10 years ago when I first launched the site, when I was looking for common characteristics of the Stages.
https://www.tradingview.com/script/o8cHt...eanalysis/
This is currently being developed for the frontend on the website, since Christmas, and a new Stage Analysis screener using it with individual pages for each stock will be included with it and much more. Is going to be a great tool, and help with the forest to the trees approach and relative strength.
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.