I continue to try to formulate Dave's Newest New System, which is basically a step-by-step process with these indicators:
Enter:
1.StochRSI(14) crossing up through 30.
2.StochRSI(8,5) also moving up and above 30.
3. MACD (8,17,9) crossing up through 0.
4. InSync moving up, with 50 as trigger line.
5. Dahl moving up, with 0 as trigger line.
6. Parabolic SAR positive.
7. On Balance Volume breaking above 40-day moving average
8. DNS must be moving up
9.. If you use TC2000, BOP and Money Stream positive (green)
I've been following the steps one by one in looking at charts, starting with this scan: fml("StochRSI")>30 and ref(fml("StochRSI"),-1)<30.
But formulating the whole thing for WOW may turn out to be useful. Even formulating part of the system for a scan has turned out to be useful (you can add StochRSI(8,5) and MACD (8,17,9) to the scan, for example).
But the whole thing for WOW (with the exception of the proprietary TC2000 indicators) could be formulated as:
fml("StochRSI")>30 and
fml("StocRSI(8,5)")>30 and
slope(fml("StocRSI(8,5)"),3)>0 and
fml("MACD (8/17/9)")>0 and
fml("InSync Indicator")>50 and
fml ("Dahl's primary trend")>0 and
slope(fml("Dahl's Primary trend"),3)>0 and
SAR(.02,.2)<C and
slope(SAR(.02,.2),3)>0 and
OBV()>Mov(OBV(),40,S) and
fml("DNS")>=5
I'd be intererested to hear any suggested changes, fixes, etc. I've added slope for StochRSI(8,5), Dahl and SAR just to make sure they're moving up. These lines in the formulation may be unnecessary, however. Or perhaps just one for Dahl is helpful. In any case, you could pick and choose among the formulas, taking what indicators you want to build a system. The whole thing, with all the indicators combined in one formulation, may be ridiculous -- I don't know.
The formulas for StochRSI, StochRSI(8,5), InSync and DNS can be found through links at Andy's Web page: geocities.com
Or at my formula page: members.aol.com
Here's the formula for MACD (8,17,9)
1. mov(c,8,e) - mov(c,17,e)
2. mov((mov(c,8,e) - mov(c,17,e)),9,e)
Brooke |
