Hi Andrew, I try to monitor 16-20 high tech stocks at a time. To select new candidates to add to the list I scan using Metastock with the following:
When(C-Mov(C,25,S),>,0) AND
When(Ref(C-Mov(C,25,S),-1),<=,0) AND
When(HHV(Mov(Ref(C-Mov(C,25,S),-1),3,S),19),<=,0)
AND When(C,<,0.8*HHV(C,260))
That is when today's (close - moving average) > 0, when yesterday's (close - moving average) <= 0, when highest value of 3 day moving average of yesterday's (close - moving average) over past 19 days <= 0, and when today's close < 80% of highest value of all closes for past year. (Third test is to eliminate past false breakouts)
John |
