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Strategies & Market Trends
Candlestick reliability vs AV & DB
An SI Board Since November 2002
Posts SubjectMarks Bans
16 4 0
Emcee:  Win-Lose-Draw Type:  Moderated
Introduction Compact
Stockcharts allows very quick and easy scans on technical criteria. This will be an attempt to track the reliability of the "major" candlestick formations as well as stochastic AV and DB situations.

The AV and DB scans are very simliar to each other. Using the full (14,3,3) stochastics, AV will be declared when the stochs were >55 3 days prior, between 45 and 55 the day before, and >55 at close of that day. DB is just the inverse, catching a downward bounce off of 45-55.

Criteria

• For the last market close:
• United States Stocks with...
• 20-day Simple Moving Average of Volume greater than 500000
• 60-day Simple Moving Average of Close greater than 10
• Daily Full Stoch %K(14,3,3) for 3 days ago less than 45
• Daily Full Stoch %K(14,3,3) for yesterday greater than or equal to 45
• Daily Full Stoch %K(14,3,3) for yesterday is less than or equal to 55
• Daily Full Stoch %K(14,3,3) for today is less than 45
• Daily Full Stoch %K(14,3,3) for 4 days ago is less than 45

Everything is being done on a EOD closing basis and the cost basis for the indicated trade will be the official opening price of the next day. Stocks trading less than 500k shares a day are excluded, as are stocks under $10.

As always, I am open to comments and suggestions.
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16the experiment was a success, however the result was not especially useful. backWin-Lose-Draw-11/23/2002
15Did you decide to quit your experiment? FredFrederick Langford-11/23/2002
14Nov 15 Narrowband Stoch Reversal w/notes *** Volume restriction was >100k avWin-Lose-Draw-11/16/2002
13Nov 15 Narrowband Stoch Reversal *** Volume restriction was >100k average trWin-Lose-Draw-11/16/2002
12Nov 15 Multisignal Status w/ restricted Stochs *** Volume restriction was >1Win-Lose-Draw-11/16/2002
11Nov 15 Multisignal Status *** Volume restriction was >100k average trading vWin-Lose-Draw-11/16/2002
10Nov 15 DBAV Oscillator Summary Date Osc Next Day Comp/NYSE ==============Win-Lose-Draw-11/16/2002
9Nov 13 3-Day Summary AV...open...high... DB...open...low ===================Win-Lose-Draw-11/16/2002
8Nov 15 Comp -0.03% NYSE +0.76% OpEx Friday AV: ABT KLAC MAS PBR PRX PSUN SPC DBWin-Lose-Draw-11/16/2002
7Nov 12 3-Day Summary AV...open...high... DB...open...low ===================Win-Lose-Draw-11/14/2002
6Nov 14 Comp +3.69% NYSE +2.09% AV: AIG CTSH DD DDS EIX ELX FCS GILD IM MAR*** DWin-Lose-Draw-11/14/2002
5Nov 13 Comp +0.87 NYSE -0.27% AV: COGN IBM IRF MXIM RBK VOD DB: none Bearish EnWin-Lose-Draw-11/13/2002
4Excellent way to expand on Jeff's theory. If it works on indexes, it outta wFrederick Langford-11/13/2002
3thanks! i won't actually be playing these, i'm just going to log them foWin-Lose-Draw-11/13/2002
2What a great idea for a thread. Good luck with it! FredFrederick Langford-11/13/2002
1Nov 12 Comp +2.3% NYSE +0.5% AV : ADBE BJ ITW NVS DB : OEI Bearish Engulfing: Win-Lose-Draw-11/13/2002
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