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Strategies & Market Trends : Windows on Wall Street -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (1370)	6/21/1998 4:30:00 PM
From: NW_Trader	Read Replies (1) \| Respond to of 2233

Mark: Just a quick note of reply - weather in the NW is beautiful - yard work calls and I'm on a lemonade break - scans will have to wait for tonite. To add the filters you want, try one or more of the following lines at the start of your formula: 1) where ADX is greater than yesterdays ADX [I am using the default 14 period ADX]: ADX(14)>prev(ADX(14),1)and 2) where ADX is greater than 14: ADX(14)>14 and 3) where volume is greater today than 30,000 shares vol>30000 and Hope this helps. Obviously haven't backtested these, but from some earlier work I've done I seem to recall that I was getting some false breakouts with these ADX filters. Then again, the population of stocks I was looking at may not have been what you're looking at. If you can give me a list of stocks you're screening against, or their characteristics (besides less than $12), I'll dig into my "bag of tricks" file and see what might work as a general filter. I generally look for volume to be greater than 75,000. 100K is better yet for finding liquid stocks with some momentum building. Have you ever tried using a filter based on today's volume being greater than 150 % of the 13 day or 65 day average? add the following: vol>mov(vol,13,s)and Garden calls (with the voice of my wife). Peace and Justice --- Patrick