Andy,
I had mentioned something about a scan I was working on to try to find stocks passing trough or bouncing off of 34 day EMA. I use WMA in the QP scans because it seems to better approximate the EMA of WOW due to the limited number of days used by QP for scanning speed. I included the lines that I use to back test the scan.
The formatting will have to be redone when you copy this out. It really got messed up when I copied it in. Let me know what you think.
When backtesting I looked at the results in QP and they looked promising. Then I looked at some of those same charts in WOW with SRSI and DNS. SRSI will often give slightly earlier signals, but we can't do a SRSI scan in QP because you can't do a moving average of a resultant. I'm looking to improve still will keep posted.
34 EMA cross
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Input="bbb.lst"
AllGroup
// Loop (-7,-7) // for backtesting
Close(0) <= 35
Low(0) > WMovavg( 0,34,cl) // Today's low // is above the 34 day WMA
WMovavg( 0,34,cl) > WMovavg(-1,34,cl) // 34 day WMA is // increasing
Close(-1) > Movavg( -1,34,cl) // Yesterday's // close was above the 34 day WMA
Min( 0,-4,cl) < WMovAvg(-4,34,cl) // The lowest // close in the last 4 days was
// lower than the // 34 day WMA 4 days ago.
Println Symbol: -5, Close(0):8:3, Description:-34, PE:-3, Date(0):-10
Output="34cross.lst"
// Output="backtest.lst" // for backtesting
TTFN,
Chris |
