Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: wanmore who wrote (29334)	5/9/1999 9:40:00 PM
From: milesofstyles	Read Replies (3) \| Respond to of 79208

wanmore i am probably not the best person to ask this, my software only consists of qp2 and parity, i am just now learning metastock... there are others here that put my code work to shame,and have more knowledge regarding software as well. maybe they can help here as well... your objective is very sound. it would appear to require a backtest form of scan to achieve.in some cases on the thread, particularly the comkey material and smi work, backtesting is done on the given parameters to measure past performance when those indicators align themselves as they might currently. it is very useful to examine previous signals to see what a current signal might indicate. there are various types of volume indicators that could be used for your ideas. to scan all the independent sectors would be extensive using qp2, but scans do search an entire database. and as far as i know it would seem impossible to determine whether the prior moves were assisted by news, without manually checking. bigcharts on the net may have an indicator that shows news, but even that i am not sure of. otherwise, something much more sophisticated in nature and expense, like tradestation might provide news indications on a chart, but i'm guessing here. based on the prior narrowness of the market, my assumption is that comparing a stock trading at 125 and another at 25 with the same expectations wouldn't have been effective , even in the same sectors. it would seem to me there would still be just too many variables unaccounted for, liquidity at the time being the buzzword. not that there isn't congruence(?) but that there are leaders and laggards as well. i guess i am saying, i would be more interested in stock "a" history compared to itself as opposed to "a" should do this becuz "b" did. i think the sector analysis thing is something the thread should focus on as well. creating a scan to find the hot sector and then determining the technical leaders from that sector would seem profitable. i guess another way of doing it, is to check the sectors that all the scan hits are kicking up in an attempt to find sectors that are getting attention, as many are tracking volume hiccups that may indicate sector movements. milesov