| StockFetcher Forums · Filter Exchange · Tails, ODRs & ROCdiv...OH MY !!! | << 1 2 3 4 5 ... 52 >>Post Follow-up |
| richo 74 posts msg #81034 - Ignore richo |
10/13/2009 5:44:34 PM Where can i find the roc and mycsctrend indicators? I have accts with Zecco and Ameritrade. Can you use this filter in modified form for the major indexes? Thanks Rich |
| alf44 2,025 posts msg #81043 - Ignore alf44 modified |
10/13/2009 8:53:51 PM Rich, There is nothing at all fancy about these 2 indicators...there IS however a great deal of nuance in the indicators that takes some time to begin to fully git a grasp of ! --- The "roc" is a simple 2 period Rate of Change ! --- The "myosctrend" is the signal line (slow line) of a 3/8/13 MACD ! That is...it is the 13 EMA of the difference between a 3 and an 8 period EMA ! --- I chose to define these indicators with "set" statements so that I could control how they would be displayed in the SF Flash charts. AND...btw, I use these patterns (Tails, ODRs, ROCdiv) with Major Indices all the time with great success...and in particular ETFs of Major Indices ! I even prefer to use these patterns in this way ! fwiw Regards, alf44 |
| richo 74 posts msg #81052 - Ignore richo |
10/14/2009 6:52:56 AM Thanks for your prompt response. After I posted the question it occurred to me that plugging in market etf would be a simple move to gauge the indexes by looking at qqqq, spy, dia etc.. so thanks for confirming that. I noticed that INTC turned right at the pivot (20.69) yesterday, a new 52 week high and also in advance of earnings. It looks like this could ride above the rsi(2) at least briefly. I am thinking of buying if it bounces off the ema(10) given that it is a leader in a sector gaining strength . Additionally the adx(14) is above 20 and rising and +di is above -di. Any thoughts? Regards, Rich |
| richo 74 posts msg #81189 - Ignore richo |
10/16/2009 6:40:37 AM ALF, Thanks again for the filter. Could you break this down with an example of an index ETF ? I am particularly interested in SPY and QQQQ. How do use this for short, intermediate and long term turns/trend changes?I tried plugging in market ETF and got 245 hits. I would prefer to limit it to index etfs Thanx, Rich |
| choymi8828 47 posts msg #81204 - Ignore choymi8828 modified |
10/16/2009 9:53:27 AM Alf44, Thanks for the earlier detail response for me, much appreciated..............:-) 1. Like Richo, it will be very helpful if you could demonstrate with a stock from your filter. Run it through with your selection criteria. 2. Do you use this filter for a 3 to 5 days swing or some other timeframe ? Thank you for your valuable time. Michael |
| alf44 2,025 posts msg #81219 - Ignore alf44 modified |
10/16/2009 11:00:54 AM FYI ... to limit the number of ETF symbols...you can create a Watchlist...and then use the "Apply to Watchlist(XYZ)" feature. Or... You can use the "Apply to symlist(XYZ)" feature...and avoid having to first create a Watchlist. Just add the ETF symbols you want to see. ----- As for the other question(s) ... I'm not necessarily looking for long term implications with these set-ups. Having said that, there is a very high probability that any BIG reversal will start with one (or, a combination) of these 3 patterns ! imo For my purposes, I primarily focus on 2 to 5 day swings and some scalp trades. I'll try to post some examples in the coming days ! GLTY ! |
| alf44 2,025 posts msg #81381 - Ignore alf44 modified |
10/19/2009 2:04:35 PM KLAC ... In The Trenches with Tails, ODRs & ROCdiv !!! ____________________________________________________ This is every signal this filter spit out for KLAC from August to present (ie. Friday Oct. 16) ! Not meant to be hindsight...just chart examples of the 3 patterns...and some narrative about how best to play them. There are 1 or 2 "missed" potential trade set-ups during the period but...overall...it caught some really nice set-ups and (in my opinion) was VERY timely at the price swings ! This is "tape reading"...this is "price action"...this IS...the belly of the beast !!! lol ~ KLAC Chart ~ 
THE PATTERN SET-UPs I've included the action "LONG or SHORT" ... with brief descriptions where warranted...for each set-up ! 1. ROCdiv (8/7/09) - SHORT (actually a "long" ROCdiv but the trend of momentum is DOWN ...along with "slope opposition"... so SHORT was the logical play) 2. ROCdiv (8/20/09) - LONG (actually a "short" ROCdiv but with a Close both above Kijun and in the 91% day position...AND...the bullish divergence on Stoch a few days earlier LONG was the logical play) 3. ODR, ROCdiv (8/22/09) - LONG (slope opposition) 4. ODR (8/28/09) - SHORT (O/B Stoch with 20 day high and bearish divergence on ROC) 5. & 6. ODR, ROCdiv (9/2/09) - LONG (O/S Stoch) ... ODR (9/3/09) - LONG (O/S Stoch cross above 20) 7. ROCdiv (9/11/09) - LONG (slope opposition) 8. ROCdiv (9/16/09) - SHORT (20 day high dogi-like candle with an O/B Stoch and bearish divergence on ROC) 9. 10. & 11. ODR (9/21/09) - ROCdiv (9/22/09) - ODR (9/23/09) - SHORT SHORT SHORT (20 day highs with O/B Stoch and bearish divergence on ROC) 12. ROCdiv (9/29/09) - SHORT (slope opposition) 13. ODR, ROCdiv (10/5/09) - LONG (O/S Stoch with Kijun Support, Close in the 91% day position) 14. Tail, ODR, ROCdiv (10/12/09) - SHORT (20 day high with O/B Stoch and bearish divergence on ROC) ---------- WELCOME TO MY WORLD !!! HTH !!! Regards, alf44 |
| richo 74 posts msg #81425 - Ignore richo |
10/20/2009 7:09:37 AM Thanks for the breakdown. I am starting to get some of it. Could you do a similar breakdown of one of the index etf's preferably spy or qqqq. How often did Klac turn on a pivot when you went long and short? I am asking because I wanted to go long NVDA yesterday but my limit order (just above the pivot)was not filled and didn't get close to that number Thanks Rich |
| alf44 2,025 posts msg #81437 - Ignore alf44 modified |
10/20/2009 10:46:40 AM Rich, Just so we're clear...there are "Daily Pivot NUMBERS"...calculated from the previous day's H / L / C... and ... there are "price pivots"...which are spots on a chart where price reaches a turning point ! I make this distinction because it sounds from your NVDA reference that you are talking about Daily Pivots ! This filter was not designed with "Daily Pivot Numbers" in mind and has nothing whatever to do with them ! This filter seeks to find turning points (ie. price pivots) by scanning for 3 price patterns...each with precisely defined parameters within a single price bar. Period ! That's it ! If there WAS any confusion about the two uses of the term "pivot"...hopefully this clears that up ! ----- As for a "breakdown" of an index etf...I don't really see how it accomplishes anything more than the KLAC example I posted but...who knows...if time permits...maybe I'll try to post something in the future. GLTY ! |
| alf44 2,025 posts msg #81450 - Ignore alf44 modified |
10/20/2009 1:38:52 PM ...just to add... ...keep in mind..."single price bar" (be it Tail, ODR or ROCdiv)...is defined to an even greater degree by the price action of the preceeding 2, 3, even 5 days. All of this price action is explicit in the filter parameters for EACH of the 3 patterns. The patterns don't happen in a vacuum ! They happen within a context of previous price action. It is my belief that these 3 patterns (as I have defined them) occur with great frequency ... at turning points (pivots) on the daily chart ! Regards, alf44 |
| StockFetcher Forums · Filter Exchange · Tails, ODRs & ROCdiv...OH MY !!! | << 1 2 3 4 5 ... 52 >>Post Follow-up |