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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (8499)4/25/1998 12:43:00 PM
From: Jurgen  Read Replies (1) | Respond to of 120523
 
Jenna, here is something very simple, it works for me:

%DistanceFromMovingAverage

{measures the distance between the closing price and a selected SMA}
MovLen:=Input("Length of Moving Avg: ",1,1000,13);
(C/Mov(C,MovLen,S)-1)*100

I use it mainly with 5,13 and 40day EMAs or 50/200 SMAs. The selected average and the trigger depend on the stocks or indices you watch.
Idea behind it is pretty simple: even in a strong trend the price won't run too far away from (won't come too close to) the average price
Try to smooth it with a MA and watch the crossovers.

Just a thought, maybe it works

Jurgen



To: Jenna who wrote (8499)4/25/1998 1:31:00 PM
From: tom pope  Read Replies (3) | Respond to of 120523
 
Does Metastock have the Williams Ultimate Oscillator? It's a divergence type signal - a higher hi not supported by a higher value of the oscillator is supposed to indicate a trend reversal, and vice versa. Works some of the time. (Not a ringing endorsement, I know, but it's worth adding to your indicators as added input into any decision)



To: Jenna who wrote (8499)4/25/1998 2:34:00 PM
From: tom pope  Respond to of 120523
 
Jenna, WDC reports Monday (per 1st call). Stock has been strong recently relative to SEG and QNTM, and was up more than a point on Friday while QNTM and SEG were flat to down. Money flow has been strong all last week. Both call and put option volume was high on Friday. Might be a "what's going on here" sort of situation, worth watching.



To: Jenna who wrote (8499)4/25/1998 3:59:00 PM
From: LastShadow  Respond to of 120523
 
MetaStock

Jergen's answer is excellent, or you can plug the formula in my REI spreadsheet into metastocks custom format as well.

Road Rage

Anyone care to guess what color corvette Sue Slaine drives...

lol lastshadow