re: 3 price ESAs aligned correctly
I modified the Double Moving Average Crossover scan that came
with TF+ to evaluate 9, 17, 50, 200 moving avgs values for today
and yesterday, and to identify if there were crossovers (9-17 and
17-50) with stock being above/below the intermediate (50-day mov
avg) or long-term trend (200-day mov avg). I just saved it as
Multiple-MAs so that I would only scan the database once (160
seconds for 4000 stocks) for the values, and the any of the above
filters can be used including simple mov avg crossover by close.
MACD
I would modify the existing MACD search to enable filtering for
9-18 day, 13-26 day, and 9-18 week. I would probably not place
the MACD columns in with the moving averages columns in the same
report except to identify whether the close is above the 30-day
mov avg, the 50-day mov avg, and/or the 200-day mov avg. For example,
I would probably have filters such as short-term MACD buy in an
uptrend (9-18 MACD buy while close is above 50-day mov avg) or
the converse short-term MACD sell in an downtrend (9-18 MACD sell
while close is below 50-day mov avg).
OBV or volume scans:
You might want to look at the new 21-day OBV high in combination
with a basing pattern breakout search, such as P&F Bull. One of
the more successful searches I've found has been to just manually
scan both the P&F Bullish Breakout filter results and the Ascending
Triangle results. Due to the rising support, the stocks' usually
have rising accumulation and on-balance volume. The P&F Breakout
reports on AIQ are very useful also, especially in that it identifies
what stocks belong to which groups.
To ramp up the learning curve, copy some of the reports as provided
with TF+ and edit them according to your satisfaction. |
