Rob:
In your post #1350, you presented a system that utilized TSV, BOP,
and others. I believe TSV and BOP are calculated using some form
of tick data, such as block trade data. Worden has kept tick data
for many years.
We want to know if a system built on TSV and BOP has potential.
When I use TSV, BOP, I filter out low price stocks and small cap
stocks because TSV, BOP are less reliable for these stocks.
I created two PCFs: "TSV Plus" and "BOP Plus."
TSV Plus formula: (TSV27 > 1.01*TSV27.11) AND (TSV27.11 > 0)
BOP Plus formula: (BOP1 > 50) AND (BOP5 > 35)
Then I build an EasyScan, name "Basic Tick."
Basic Tick has 4 components: TSV Plus, BOP Plus, and two filters.
The first filter removes the lower 50% stocks based on price.
The second filter removes the smaller 60% stocks based on market
cap.
The Basic Scan gives a list about 220 stocks. Now we can look at the
charts to see if the Basic Tick scan has potential.
All parameters are adjustable. The numbers used in this sample scan
(27, 1.01, 11, 50, 5, 35, 50, and 60) have not been optimized.
If the scan looks promising, then we can develop scans for different
conditions. For example, one for stocks in strong sectors, another
one for stocks bottoming out, etc. Or we can send the list to MS/WoW
for further studies.
Julius
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