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So much was discussed in Columbus (or was it Cincinnati?) that it's difficult to single out specific ideas. The best QP scan was this one, by Andy Gabor:
//HOTMACD long by Andy Gabor
output = "hotmacd.lst";
input="volume.lst";
//ProcessMS = "d:\meta\hotmacd\",VMS;
daystoload = 400;
daysrequired=395;
integer p;
float pctgain,bb,volratio,pctchg;
for p=-14 to 0 step 1 do
volratio :=vol(p)/avgvol(p,p-33);
if volratio > 1.3 or volratio<.90 then
if qrs(p) > 84 or qrs (p) < 40 then
if ( Min(0,-21,lo) >= Min(-22,-43,lo) )then // Monthly higher low
if movavg(p,89,hi)/movavg(p,89,lo) > 1.025 then
bb :=(stdev(p,p-7)/(.000001+max(p-1,p-144,hi)-min(p-1,p-144,lo)))*100;
if bb<6 then
set macd=13,34,8;
if close(p) > close(p-1) then
if macd(p) > macd(p-1) then
if macd(p) > macdsignal(p) then
if macd(p-1) <=macdsignal(p-1) then
if macd(p-2) <=macdsignal(p-2) then
if macd(p-3) <=macdsignal(p-3) then
if macd(p-4) <=macdsignal(p-4) then
//if macd(0) > macdsignal(0) then
if p <-29 then
pctgain := ((Max(p+30,p+1,cl))/close(p))-1;
Println Symbol:-6,",",close(p):6:3,",",
Max(p+30,p+1,cl):6:3,",",pctgain:6:3,",",vol(p):8:0,",",avgvol(p,p-33):8:0,
",",volratio:4:2,",",qrs(p):4:0,",", date(p),",","hotmacdup",",",bb:5:2;
else
pctchg:=((close(0)-close(p))/close(p));
Println Symbol:-5,",","cl:0",",",close(0):6:2,",","cl:-1",",",close(-1):6:2,
",","cl:p",",",close(p):6:2,",","%Chg",",",pctchg:5:3,",","vol",",",vol(p):8:0,
",","vol",",",volratio:4:2,",","qrs",",",qrs(p):3:0,",", date(p),",","hotup";
endif; endif;endif; endif; endif; endif; endif; endif; endif; endif; endif;
endif;endif;//endif;
next p;
The scan is designed to be used with stocks that have high average daily volume. It's not the Holy Grail -- you have to look at the charts carefully -- but it gives a good list of stocks to look at.
Brooke |
