Hi Chisy,
Sorry to seem dense, but could you elaborate on the "culling" strategy? I'm sure I can code a scan to find daily gaps (in fact I have for the bear and bull popper scans and their variants).
What parameters would you suggest - size of gap (points or %of price), on what sort of volume (greater than X% of monthly, or quarterly average), any pregap setup, ADX, stochastic, MACD, or CCI (or other) indicators used?
Is this a set up to then watch for some particular action and if so for how long? Or is it a trigger that looks to buy (or short) that day or the following day if the stock meets certain criteria (increasing volume, trade outside the range of the prior day, etc.).
Once we develop the scan, then we'll need to back test it so would this strategy depend on any particular market or sector conditions?
Lots of stuff goes into a successful scan, but the effort can be very rewarding, so let's go for it. BTW, I use Quotes Plus primarily for scans, but can also do TC2000 or BITM. Have stopped using WOW, but may add MS, TF+ or RQ next year.
Peace and Justice --- Patrick |
