Man - where's everbody yat! Hey now, we had Mardi Gras, we had dat Fat Tuesday, but dat don mean dat we give up on dis tread, no! C'mon cher, let's see some posts, yeah!
Thread, I've been looking at some new scans on TC2000 -- trying some that incorporate MACD. These are not GBS types of trades per se, but perhaps offer something different. The "old" GBS long tactic was to find stocks hitting 52 week highs on volume. While this approach may work in a rising market, when the market is near/or at its high, I think these trades become risky (bigger downside than upside). The "modified" GBS looking for breakouts from congestion seem to work better, with less risk, but I am finding fewer of them.
Here's TC2000 code for finding an MACD crossover (12,26,9). Of course, you can adjust the parameters if you wish to have a more or less responsive MACD, plus add price or volume hurdles you like:
(AVGC12.1 - AVGC26.1) < (((AVGC12.1 - AVGC26.1) + (AVGC12.2 - AVGC26.2) + (AVGC12.3 - AVGC26.3) + (AVGC12.4 - AVGC26.4) + (AVGC12.5 - AVGC26.5) + (AVGC12.6 - AVGC26.6) + (AVGC12.7 - AVGC26.7) + (AVGC12.8 - AVGC26.8) + (AVGC12.9 - AVGC24.6)) / 9) AND (AVGC12 - AVGC26) > (((AVGC12 - AVGC26) + (AVGC12.1 - AVGC26.1) + (AVGC12.2 - AVGC26.2) + (AVGC12.3 - AVGC26.3) + (AVGC12.4 - AVGC26.4) + (AVGC12.5 - AVGC26.5) + (AVGC12.6 - AVGC26.6) + (AVGC12.7 - AVGC26.7) + (AVGC12.8 - AVGC26.8)) / 9)
For shorts, reverse the > and <. I'll post some long and short candidates tomorrow. |
