Gale: Iknow you are a big stochastic nut. When I found stochrsi, I dumped stochastics as a crude secondary tool but recently I have gone back to a study I did a while back on stoch 55-21 with a 21 day trigger.
the scan in qp would be:
//hirise/stoch(55,21,21) crossing above trigger
set stochastic=55,21
allgroup
stochastic(0) >13
stochastic(0) > stochastic(-1)
stochastic(0) > wmovavg(0,21,stoch)
stochastic(-1) < wmovavg(-1,21,stoch)
avgvol(0,-143) > 610
close(0) > 5
max(0,-143,hi) > 1.55 * min(0,-143,lo)
pe>0
In WOW the system test is:
enter long:
stoch(55,21) >13 and stoch(55,21) > mov(stoch(55,21),21,w) and stoch(55,21) > ref(stoch(55,21),-1)
exit long:
(stoch(55,21)<87and stoch(55,21) < mov(stoch(55,21),21,w) and stoch(55,21) < ref(stoch(55,21),-1))
Stochastics on the high end or low end do not give meaningful information to me- so I cut it off at 87/13. you could argue for 80/20 or some other number as well.
This doesn't work on every chart but it does wonders on some.
It is an intermediate term indicator showing entry at or before the rise and exit after the move at its best- at it's worst- it is just another indicator to confuse us.
I brought it up because you are a proponent of stochastics which some people love and some people hate.
this one above is my favorite- for shorter periods I prefer the stochrsi.
yt
andy |
