alf44
2,025 posts
msg #80933
- Ignore alf44
modified |
10/9/2009 10:09:38 PM
..."clear" as mud...huh ???
It's certainly not for everybody !
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These 3 patterns are fairly easily identifiable "footprints" ... that when learned/ followed ... can lead you to a better understanding of how price action works (imo) ... how the daily battle back and forth between Bulls and Bears plays out...and...oh yeah, by the way...can potentially make you a lot of money !
But...it DOES require a commitment and study...
Something that is in very short supply !!! fwiw
"You can lead a horse to water...but you can't make him drink !"
Regards,
alf44
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ossi
2 posts
msg #80948
- Ignore ossi |
10/10/2009 1:52:17 PM
Hi alf,
thanks for your time and for sharing this script with us and please excuse the ignorance in my question but I am new to the scripting in stockfetcher.
you have the following line,
set{daysCloseUp, days(Close below Close 1 day ago,100)}
is it not the case that "Close below Close 1 day ago" is a down day? is this a mistake in the script or is it a missunderstanding on my part? I suspect it is the later as you seem to have this logic in a number of subsequent lines but if you could confirm!?
thanks
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alf44
2,025 posts
msg #80949
- Ignore alf44
modified |
10/10/2009 3:02:27 PM
..."ossi" - the "days" feature is actually returning the number of "days since" a particular event occurred.
So...
...in the case of the statement --> set{daysCloseUp, days(Close below Close 1 day ago,100)}
I am looking for the number of days SINCE the Close (ie. today's Close) was below the Close 1 day ago !
This will then return the number of consecutive HIGHER CLOSES a stock has had !
Stated another way...the number of days SINCE the stock has had a DOWN Close !
Hope that makes "SINCE" ... errr ... I mean SENSE !!! LOL
Regards,
alf44
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alf44
2,025 posts
msg #80950
- Ignore alf44
modified |
10/10/2009 3:33:16 PM
...BTW, just a quick heads up for those keeping score at home...
I added 2 new ROC columns to the original filter posted in the 1st post of this thread.
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I have NOW also added columns to show when any of the 3 patterns (ie. Tails, ODRS, ROCpiv) are NR7s or dojis !
These are columns I've used from my "Range Contraction" scan and felt like adding them here. fwiw
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Eman93
4,750 posts
msg #80952
- Ignore Eman93
modified |
10/10/2009 4:55:36 PM
Alf
Very nice.
Have you tried this with stocks outside of the the Nas100?
Thanks
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alf44
2,025 posts
msg #80953
- Ignore alf44
modified |
10/10/2009 5:05:36 PM
I just used NASDAQ 100 as an example.
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trendscanner
265 posts
msg #80954
- Ignore trendscanner |
10/10/2009 6:16:13 PM
...in the case of the statement --> set{daysCloseUp, days(Close below Close 1 day ago,100)}
I am looking for the number of days SINCE the Close (ie. today's Close) was below the Close 1 day ago !
This will then return the number of consecutive HIGHER CLOSES a stock has had !
Stated another way...the number of days SINCE the stock has had a DOWN Close !
===============================================================================================
I didn't know that was possible in SF! Great to know, that opens up a lot of possiblilites.
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ossi
2 posts
msg #80964
- Ignore ossi |
10/11/2009 2:06:34 PM
alf,
thank you for the explenation. I was not aware of this feature either. It does indeed make sense now. :-)
Ossi
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alf44
2,025 posts
msg #80993
- Ignore alf44
modified |
10/12/2009 9:15:26 PM
...just another quick heads up for those keeping score at home...
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I added the "Kijun Sen" line to the original filter posted in the 1st post of this thread.
I'm a fan of Ichimoku Charting and I felt like the "Kijun Sen" would be a nice addition and complement to the "Chikou Span" that was already there. (both are key components in Ichimoku)
These 2 components can be read "at-a-glance"...and provide a ton of info about sentiment, support / resistance, price equilibrium and possible entry / exit considerations !!! fwiw
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choymi8828
47 posts
msg #81024
- Ignore choymi8828 |
10/13/2009 1:20:58 PM
Alf,
This is getting interesting and I did spend sometime trying to understand your filter and results during the weekend.
Questions:
1. How does Kijun Sen work, is it the same way as Chikou ?
2. Does your filter work in any conditions of the broad market from your past experience? (i.e. up, down, sideway)
Thanks again for the sharing.
Michael
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