StockFetcher Forums · Filter Exchange · Who really wants to find the next NTRI?<< 1 ... 17 18 19 20 21 ... 31 >>Post Follow-up
stocktrader
294 posts
msg #42895
- Ignore stocktrader
modified		 4/11/2006 2:33:27 PM

Yes, I keep messing with TRO's nice work.

Here's my hacked version for shorting.
Remember, the filter has to be "Traded" None of these are blind picks where one just buys them and makes money.

With 3k it makes it very difficult to make money when considering the broker fee. Think about diversification and longer term holds. Take a look at TRO's original filter, it is pretty slick.


Fetcher[/* FINDING THE NEXT NTRI FILTER */

/* TREND DISPLAY */

set{T03, count(3 day slope of the close above 0,1)}
set{T05, count(5 day slope of the close above 0,1)}
set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

set{V10, count(average volume(3) below volume,1)}
set{V60, count(average volume(15) below volume,1)}
set{V200, count(average volume(30) below volume,1)}

Set{av1, V200 * 1}
Set{av2, V60 * 10}
Set{av3, V10 * 100}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{et1, T10 * 1}
Set{et2, T05 * 10}
Set{et3, T03 * 100}
Set{etzenith,50}

Set{t1, T200 * 100}
Set{t2, T60 * 100}
Set{t3, T10 * 100}
Set{t12, t1 + t2}
Set{t123,t12 + t3}

Set{v1, V200 * 100}
Set{v2, V60 * 100}
Set{v3, V10 * 100}
Set{v12, v1 + v2}
Set{v123,v12 + v3}

Set{aa, a1 + a2}
Set{TREND, aa + a3}

Set{aav, av1 + av2}
Set{TRENDV, aav + av3}

Set{et, et1 + et2}
Set{TRENDE, et + et3}
set{T03a,days(3 day slope of the close below 0, 100)}
set{T05a,days(5 day slope of the close below 0, 100)}
set{T10a,days(10 day slope of the close below 0, 100)}

draw T03a
draw T05a on plot T03a
draw T10a on plot T03a
draw etzenith on plot T03a

/* dvpct - percentage dollar volume increased(+)/decreased(-) */

set{dv1, close 1 day ago * volume 1 day ago }
set{dv, close * volume }
set{netdvchg, dv - dv1}
set{dvpc, netdvchg / dv1 }
set{dvpct, dvpc * 100}

/* valchg - percentage value increased(+)/decreased(-) */

set{netchg, close - close 1 day ago}
set{CCC, netchg / close 1 day ago}
set{VVV, volume / volume 1 day ago}
set{CCCVVV, CCC * VVV}
set{valchg, CCCVVV * 100 }

Set{tcross,250}
Set{tzenith,400}
Set{tnadir,-100}

Set{vcross,250}
Set{vzenith,400}
Set{vnadir,-100}


add column average volume(90)
ADD COLUMN TREND
add column TRENDV
add column TRENDE
add column dvpct
add column valchg

/* enter your Upper Limit criteria */
set{UpperLim, High 13 week High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 13 week Low}

set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{BallOn, PPDiv * 100}

set{PPDiffH, UpperLim - Close}
set{PPDivH, PPDiffH / Close}
set{BallOnH, PPDivH * 100}

set{PCT, LimDiff / LowerLim}

set{HiOp,high - open}
set{OpLo, open - low}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl, CCa - CCb}

set{HHb,days(High is above High 1 day ago,100)}
set{HHa,days(High is below High 1 day ago,100)}
set{HixHi, HHa - HHb}

set{LLb,days(Low is above Low 1 day ago,100)}
set{LLa,days(Low is below Low 1 day ago,100)}
set{LoxLo, LLa - LLb}

set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}

set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}

set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}

set{RChg, count( UpperLim equal UpperLim 1 day ago, 1 ) }
set{SChg, count( LowerLim equal LowerLim 1 day ago, 1 ) }

/* Volatility Direction Filter Display */

set{BBDiff, Upper Bollinger Band(20) - Lower Bollinger Band(20) }

set{BBDb,days(BBDiff is above BBDiff 1 day ago,100)}
set{BBDa,days(BBDiff is below BBDiff 1 day ago,100)}
set{BBTrend, BBDa - BBDb}

set{ATRb,days(ATR(14) is above ATR(14) 1 day ago,100)}
set{ATRa,days(ATR(14) is below ATR(14) 1 day ago,100)}
set{ATRTrend, ATRa - ATRb}

/* profit had you bought the open 5 days ago and sold at the high */

set{High5, High 5 day High}
set{Profit, High5 - open 5 days ago}

/* Narrow Channel Breakout Display */

set{ High20, high 20 day high}
set{ Low20, low 20 day low}

set{ New20High, count( high above High20 1 day ago , 1 ) }
set{ New20Low, count( low below Low20 1 day ago , 1 ) }

/* column display */

add column HiOp
add column OpLo
add column Profit

add column BallOn
add column BallOnH
add column UpperLim {Resist}
add column LowerLim {Support}

add column RChg
add column SChg

add column New20High
add column New20Low

AND ADD COLUMN BBTrend
AND ADD COLUMN ATRTrend

/* PLOTS */

and draw UpperLim on plot price
and draw LowerLim on plot price

and draw t123
and draw tcross on plot t123
and draw tzenith on plot t123
and draw tnadir on plot t123

and draw v123
and draw vcross on plot v123
and draw vzenith on plot v123
and draw vnadir on plot v123

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) * 100}

/* NORMALIZE rsi(2) */

set{rsval, RSI(2) }

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) * 100 }

/* DRAW THE MP RSIWLR CHART */

and draw wrval
and draw adval on plot wrval
and draw moval on plot wrval
and draw rsval on plot wrval

and ADD COLUMN T03a
and ADD COLUMN T05a
and ADD COLUMN T10a

and add column wrval
and add column adval
and add column rsval
and add column moval

and add column clxcl
and add column VlXvl
and add column Vdbl

and add column HixHi
and add column LoxLo

and add column Bullpower
and add column Bearpower
and add column BLxBL
and add column BRxBR

/* Selection Criteria */

and do not draw trend
and do not draw trendv

and market is not OTCBB

and wrval above 50
and adval above 50
and rsval above 50
and moval above 50

and close is between 5 and 10

and avg vol(5) above 500000
and avg vol(30) above 500000

add column industry

and Sort column 29 descending

and chart-length is 5 months

offset is 1 day]
leaddog
38 posts
msg #42900
- Ignore leaddog		 4/11/2006 11:15:36 PM

stocktrader

Thank you for taking the time to share your trading technique. If I understand, you place the stocks from the filter into a watch list monitor them after the open to find the ones which appear to be moving with the market and scale in if you are right. Is this correct?
stocktrader
294 posts
msg #42902
- Ignore stocktrader		 4/11/2006 11:36:10 PM

leaddog,

That's correct on the filter/watch list. I don't scale in/out all the time, but most. (it increases the broker fee...)

Human behavior is such that unless we have "real" money invested, our attention will be less. I typically go into a position with around $10k. If things look like they are going my way, I'll double the position. If things start looking like they are going against me, I'll cut the position in half. Sometimes this will be a knee-jerk reaction, if a stock makes a quick move. It can recover quickly though....the bigdogs jerk us small traders around pretty well sometimes :)
kanuk
32 posts
msg #42911
- Ignore kanuk		 4/12/2006 2:38:40 PM

stocktrader:
Your comments re using WARM in NTRI for shorting are certainly encouraging but for those of us with very little disposable cash ($1K) shorting may not be the way to go. Do you feel that, without the WARM displays, there are enough other indicators in NTRI to be successful going long?
stocktrader
294 posts
msg #42914
- Ignore stocktrader		 4/12/2006 8:04:20 PM

kanuk,

I'm not much of a long term hold person. Usually 3 minutes to 3 days is my goal.

If one takes the original NTRI filter (which is a long filter) from TRO and does backtesting on it over a long period, it is pretty impressive.

The NTRI filter is a trend filter, so one could diversify and possibly do quite well. As TRO say's "Anything can happen" and the stocks have to be traded. The filter is only part of the equation.

If one can get in with a good entry of one of these NTRI filter dollar stocks when they start taking off, this would be optimal.

....Trend is your friend

Best of success, it is not easy to make money.




kanuk
32 posts
msg #42915
- Ignore kanuk		 4/12/2006 8:32:42 PM

stocktrader:
Exactly where is TRO's original NTRI filter. I'm guessing that it's in this thread dated 3/10/2006 @ 8:57:34 PM. Am I correct?
stocktrader
294 posts
msg #42916
- Ignore stocktrader		 4/12/2006 10:09:38 PM

Original filter......lol

Yes, there have been a few of them. Use the latest one you can find from TRO, or the one you mention. Most of the changes have been with the selection criteria or displays. I really like the WARM display chart, and trend chart.

Some of my posted derivatives of TRO's work include things that are specific to what I like. One can customize the filter to however one likes.


TheRumpledOne
6,529 posts
msg #42917
- Ignore TheRumpledOne		 4/12/2006 11:12:58 PM

Exactly where is TRO's original NTRI filter. I'm guessing that it's in this thread dated 3/10/2006 @ 8:57:34 PM. Am I correct?
===============================================================================

It's the first post of this thread.

Each week I update the filter by increasing the number of weeks by 1 so all stocks that were found the first week should still be on the list.

Did anyone see the picks this week?




fixme1too
7 posts
msg #42923
- Ignore fixme1too		 4/13/2006 12:29:09 AM

Hello Mr. Tro saw the picks for this week didnt really like them for me being that im trading pennies right now. But I did find a couple with the RSI(2)I love this filter the best so far out of all ur filters. Man ur a "FREAK OF NATURE" when is comes to these filters and writing the programs for them and I want to really thank you for all that u do for us. I really mean that too TRO, thanx.
FiXmE1ToO p.s. out of all ur filters which one do u like best.
TheRumpledOne
6,529 posts
msg #42936
- Ignore TheRumpledOne
modified		 4/13/2006 11:45:27 AM

Hello Mr. Tro saw the picks for this week didnt really like them for me being that im trading pennies right now. But I did find a couple with the RSI(2)I love this filter the best so far out of all ur filters. Man ur a "FREAK OF NATURE" when is comes to these filters and writing the programs for them and I want to really thank you for all that u do for us. I really mean that too TRO, thanx.
FiXmE1ToO p.s. out of all ur filters which one do u like best.
============================================================================

"FREAK OF NATURE"... you have no idea how much that makes me laugh.

Which filter do I like best?

That's like asking a mechanic which wrench he likes best... you use the right tool for the job!

I wrote versions of the NEXT NTRI filter for pennies and subpennies. Give those a go and let me know if you like any of those picks.

If you really like the filter and are making money, feel free to put some of it in my PayPal account...lol.





StockFetcher Forums · Filter Exchange · Who really wants to find the next NTRI?<< 1 ... 17 18 19 20 21 ... 31 >>Post Follow-up

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