bob or craig
wanna have a peak at this...its an elder scan utilizing weekly macd and a daily sto set up for shorts, it has a protective stoploss as a money mgmt kinda thing that goes with it, which is indicated as part of the output... the supposed exit is when the daily sto breaks back up thru oversold if i'm not mistaken, if it didn't get that far, i'd probably be out on a knee of the indicator...got 2 cents worth or a backtest addition if ya got time?
output="elderov0504.lst";
//input="comkey prescan.lst";
daystoload=250;
daysrequired=250;
weekly;
if macd(0)> 0 and
macd(-1)>macd(-2) and
macd(0)<macd(-1)then
daily;
set stochastic=8,3,5;
if stochasticpctk(-1)>80 and
stochasticpctk(0)<80 and
cci(0)< cci(-1) and
close(0)> 5.00 and
close(0)< close(-1) and
avgvol(-1,-29)>50000
then
println symbol, ",", description ,",", "30dayvol ", avgvol(0,-29),",", "high 2days ago,stoploss ",high(-1);
endif;endif;
output
ACAI,ATLANTIC COAST AIRLS HLDGS I COM,30dayvol 235503.328,high 2days ago,stoploss 31.125
AFFX,AFFYMETRIX INC OC-CAP STK,30dayvol 274230,high 2days ago,stoploss 41.125
BCOM,BANK COMM SAN DIEGO CALIF COM,30dayvol 77950,high 2days ago,stoploss 21.1875
MVIS,MICROVISION INC WASH COM,30dayvol 76766.6641,high 2days ago,stoploss 17.6875
NZT,TELECOM CORP NEW ZEALAND LTD SPON ADR,30dayvol 176660,high 2days ago,stoploss 41.375
POSS,POSSIS MED INC COM,30dayvol 114450,high 2days ago,stoploss 11.375
RYL,RYLAND GROUP INC COM,30dayvol 77763.3359,high 2days ago,stoploss 26.25
YELL,YELLOW CORP COM,30dayvol 152296.672,high 2days ago,stoploss 17.8125
my 3 minutes worth reviewing the chart...
acai daily macd looks scary to go short against, but a downtick looks like it loses a 50dma and a trendline
affx failed to bo to the upside, the stoploss would save you from getting taken for a ride should it bo
bcom, weekly declining vol...weekly macd divergence as price goes higher...bcom gonna test resistance too...
mvis macd divergence
nzt looks like its failing a weekly price ihs, hit a dt resistance, but still has some supports to deal with
poss, looks like maybe ten pct before it tests ut line...rsi 13 failed dbl btm pattern
ryl and yell, i dunno...
elderov |
