Wow, that's cool! I hadn't even tried that yet...
No, I haven't really used the scan function yet, although I've played around with it. I just got the software 2-3 weeks ago, so I'm still learning. I've barely begun to realize the potential of this application...
I haven't really used candlesticks, as I don't really understand them. I use mostly stochastics, momentum and MACD, as well as volume, RSI, moving averages, trend lines, and Bollinger Bands. I don't think they're as good at predicting gaps or big moves like that -- they're more for trends and probabilities. I like looking at the indicators over several different timeframes, and then using the shorter timeframes for entry.
Do you use the IQC Zone? It looks pretty good historically on most stocks, although it tends to lag a little bit as it awaits confirmation (probably a good idea so you don't get whipsawed). I'm wondering if anyone has tried trading solely based on the IQC Zone buy and sell signals. I like that they have the IQC Zone scan for stocks that have "turned green" or "turned red."
FYI, the only request I've made of IQC Support so far was how to do two things:
1) Scan only my favorites, so I can easily see if I should buy or sell the stocks I follow.
2) Modify the Moving Average parameters in the scan utility outside of the defaults (15 day, 50 day, etc.).
They replied promptly with:
"Currently, IQ Chart can not perform scans on only "favorites" and moving averages parameter other than the ones pre-set. I will pass on your concern to programming for consideration."
I hope they include these changes in their next release...
Mr. Aloha |
