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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (7137)	5/18/2000 8:43:00 AM
From: JD	Read Replies (1) \| Respond to of 39683

I think your formula should read: . . . . (20 Day High - 20 Day Low).. / .. 20 Day High __________________________________________ (5 Day High - 5 Day Low).. / .. 5 Day High . . . This gives results in the value range of 1....did you forget to include the highlighted "5 Day High"?? Pretty nifty formula, I like it. Have been tinkering with a "Trend is your friend" exit/entry formula which uses a faster moving average signal to close a trade which is moving contrary to the overall market trends....produces improved results (so far - need a lot more study) when the market intermediate and short term trends are same direction. In other words, use longer term MA signals when going same direction as overall market, but be quicker to take profits (or cut losses) when trying to trade against the overall market trend. Have been studying it using the NAS comp index, but would think that by using sector analysis may allow improved results....if we find a trending gold stock, for example, that whole sector trends against the overall market during crashes much of the time.... This moving average system is lots of fun!.......Jerry

To: Dr. Stoxx who wrote (7137)	5/18/2000 12:04:00 PM
From: DaringDon	Read Replies (1) \| Respond to of 39683

TC: I'm trying to come up with a scan that will do your formula. Please check the following to see if it is what you truly want. This is what I got back from the scan for ALGX. 20 day high 79 20 day low 55 5 day high 69.5 5 day low 59 20 day high minus 20 day low divided by 20 day high .3037 5 day high minus 5 day low divided by 5 day high .1510 .3037 divided by .1510 = 2.0112 The smaller the spread is for 5 days, the higher your final number will be. This doesn't sound exactly like what you are looking for.