RE: UK Stocks - Watchlist and Discussion
(2014-08-21, 06:56 PM)malaguti Wrote: As for the Mansfield, the Pro real time version defaults to 52 and have definitely noticed a little whipsaw but not that much. I tried looking at the screener but for some reason it says that indicator can't be used, either as a backtest or as a screener. How did you manage to get around that if you don't mind?
I've not managed to be able to code it in Prorealtime, as it's not allowed to be used in the screener for some reason. I did code it in my other chart software, ProTA Gold a while ago, and tested it through that though. But like I said, you do get a fair bit of whipsaw. But it was a while ago and I think one more condition that I didn't know about in the past could really help to improve it now, which is to include that the zero line itself is rising when it crosses above it. As my research has shown that Stage 2A breakouts are much more successful when the zero line is flat or rising as well, and is now one of the key requirements when looking for candidates with A+ potential, as well as the all important dramatic volume increase on the Stage 2A breakout week, and in the following up weeks also.