Stockcharts allows very quick and easy scans on technical criteria. This will be an attempt to track the reliability of the "major" candlestick formations as well as stochastic AV and DB situations.
The AV and DB scans are very simliar to each other. Using the full (14,3,3) stochastics, AV will be declared when the stochs were >55 3 days prior, between 45 and 55 the day before, and >55 at close of that day. DB is just the inverse, catching a downward bounce off of 45-55.
Everything is being done on a EOD closing basis and the cost basis for the indicated trade will be the official opening price of the next day. Stocks trading less than 500k shares a day are excluded, as are stocks under $10.
As always, I am open to comments and suggestions. |
