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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (3319)1/31/1998 10:51:00 PM
From: Craig DeHaan  Read Replies (1) | Respond to of 11149
 
Ray,
Don't know if you're referring to R1 or Beta but if R1:

Here are a couple of prescans that pulled interesting picks for me last year:

// Sustained Money Flow Oscillator Scan

Min(0,-90,MoneyFlowOSC) > 0
AvgVol( 0 , -29 ) >= 250 // 25,000 shares average volume

Sometime later I read (learned) about the Persistence function in QP that looks back 6 months for a percentage of days that the MoneyFlowOSC was > 0 and modified it to the following:

Persistence(0) > 98 // added condition
AvgVol( 0 , -29 ) >= 250 // 25,000 shares average volume
QRS(0) > 75 // added condition to screen for strength

One killer it picked in Feb. '97 was MTIC. Still in NRVH and a few others that seem to perform well in a medium timeframe. Andy has recently made mention of liking this particular QP indicator and last year's results would lead me to strongly concur.