Title: Re: [amibroker] What is a good system for catching stocks catching a breath ?
You can often find candidates by analyzing the price chart as you would an equity curved produced by a trading system. When you perform individual Buy-Hold Backtests on the tickers in your Watchlist you will get a report that gives you many stats you can use to select stocks. This works often better than complex indicator based analysis. Just click on any header, for example UPI, to bring the best ticker to the top. Try the BH-system shown below. Clicking on UPI brings BIDU to the top as a good Long performer. To find a stagnated price chart you would use a short range (10 Bars?) and sort, for example, by Standard Error...
Short = Cover = 0;
Buy = Status( "firstbarintest" );
Sell = Status( "lastbarintest" );
BarInRange = Status("BarInRange");
SetTradeDelays( 0, 0, 0, 0 );
PositionSize = -100;
ApplyStop( 0, 0, 0, 0 );
ApplyStop( 1, 0, 0, 0 );
ApplyStop( 2, 0, 0, 0 );
Plot( C, "", 1, 128 );
Plot( BarInRange, "", 7, styleArea | styleOwnScale|styleNoLabel, 0, 50 );
Good luck,
herman
Sunday, April 19, 2009, 5:59:08 PM, you wrote:
> What system or files in our archives would you suggest for catching stocks
> like STAR that has a solid upward trend for months and took a breather for a
> few weeks as it dipped below its 21 and 50 MA and now is heading back up ?
> Would it be a combo of EMA, Stoch and MACD ?
> ------------------------------------
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**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
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