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Re: [EquisMetaStock Group] Help with breakout exploration.



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Thanks Preston.
This is one of the scans that come with all MS 
versions.
I think alitis is talking about something new in 
8.0.
Perhaps he will post.
David
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=no_reply@xxxxxxxxxxxxxxx 
  href="">pumrysh 
  To: <A 
  title=equismetastock@xxxxxxxxxxxxxxx 
  href="">equismetastock@xxxxxxxxxxxxxxx 
  
  Sent: April 7, 2003 5:27 PM
  Subject: Re: [EquisMetaStock Group] Help 
  with breakout exploration.
  Equis - Price and Volume BreakoutDisplays 
  securities where the price increased 5% and the volume is 50% above a 
  50-day moving average.Column ACLOSEColumn 
  BRef(CLOSE,-1)Column CROC(CLOSE,1,percent)Column 
  DVOLUMEColumn EMov(VOLUME,50,EXPONENTIAL)Column 
  F((VOLUME - Mov(VOLUME,50,EXPONENTIAL)) /Mov(VOLUME,50,EXPONENTIAL)) * 
  100FiltercolC >= 5 AND colD >= (colE*1.5)--- 
  In equismetastock@xxxxxxxxxxxxxxx, "DAVID  H. LINTON" 
  <dhlinton@xxxx> wrote:> alitis> Could you just copy 
  and paste it here in the forum.> David> Original Message ----- 
  >   From: alitis >   To: 
  equismetastock@xxxxxxxxxxxxxxx >   Sent: April 7, 2003 11:26 
  AM>   Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > >   The formula that i am 
  using came with ms 8 what i am asking is can i export that formula to 
  you?>     ----- Original Message ----- 
  >     From: DAVID H. LINTON 
  >     To: equismetastock@xxxxxxxxxxxxxxx 
  >     Sent: Tuesday, April 08, 2003 12:22 
  AM>     Subject: Re: [EquisMetaStock Group] Help 
  with breakout exploration.> > 
  >     alitis>     1. You 
  said you were using a formula. I assumed you knew what you were 
  using.>     2. You asked "Could you please tell me 
  in detail what this formula is suppose to achieve...." Did you get the 
  answer you needed from Preston?>     
  David>       ----- Original Message ----- 
  >       From: alitis 
  >       To: 
  equismetastock@xxxxxxxxxxxxxxx >       
  Sent: April 7, 2003 9:57 AM>       
  Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > >       
  David, > >       How do i do 
  that?> > 
  >         ----- Original 
  Message ----- >         From: 
  DAVID H. LINTON >         To: 
  equismetastock@xxxxxxxxxxxxxxx 
  >         Sent: Monday, April 
  07, 2003 11:24 PM>         
  Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > 
  >         
  alitis>         Could you 
  please send the MetaStock code for the ms 8's breakout formula you said 
  you were currently 
  using.>         
  Thanks>         
  David>           
  ----- Original Message ----- 
  >           From: 
  alitis >           
  To: equismetastock@xxxxxxxxxxxxxxx 
  >           Sent: 
  April 7, 2003 12:14 
  AM>           
  Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > 
  >           Could you 
  please tell me in detail what this formula is suppose to achieve not just 
  a breakout. like HHV is 
  that>           
  Higher higher Volume for example because i am currently using ms 8's 
  breakout formula.> 
  >           Thanks 
  David.>             
  ----- Original Message ----- 
  >             
  From: DAVID H. LINTON 
  >             
  To: equismetastock@xxxxxxxxxxxxxxx 
  >             
  Sent: Sunday, April 06, 2003 2:01 
  AM>             
  Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > 
  >             
  Preston>             
  1. I see exactly what you mean. On KO, you have to go back to Mar 15, 01 
  to find this indicator working as a breakout tool. KO has been in a solid 
  downtrend since 
  then.>             
  2. So why does a breakout tool help identify sell points in a downtrend? 
  The answer is that it signals rallies and, in a downtrend, short sell 
  opportunities follow the 
  rallies.>             
  3. So, here is more of the scan code that, as a breakout tool, ensures we 
  are in at least a short term 
  uptrend.>             
  Mov(C,20,S)>Mov(C,40,S) AND C>Mov(C,40,S) 
  AND>             
  C > Ref(HHV(C,10),-1) AND 
  >             
  Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1) 
  AND>             
  Ref(LLV(C,10),-1) > .95 * 
  Ref(HHV(O,10),-1)>             
  4. As an indicator, this should do a better job of pointing out breakouts 
  that have a better chance of continuing up because they are in an uptrend. 
  False signals (sees) could be reduced by demanding a longer term 
  uptrend.>             
  My 
  thoughts>             
  David> > 
  >             
  ----- Original Message ----- 
  >               
  From: pumrysh 
  >               
  To: equismetastock@xxxxxxxxxxxxxxx 
  >               
  Sent: April 4, 2003 11:38 
  PM>               
  Subject: Re: [EquisMetaStock Group] Help with breakout 
  exploration.> > 
  >               
  Forgot the indicator> 
  >               
  C > Ref(HHV(C,10),-1) AND 
  >               
  Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1) 
  AND>               
  Ref(LLV(C,10),-1) > .95 * Ref(HHV(O,10),-1)> > 
  >               
  --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> 
  wrote:>               
  > 
  David,>               
  > 
  >               
  > In order to save time I often use a formula as an indicator. The 
  >               
  > signal is +1 when the condition is met. In your case that is 
  >               
  exactly 
  >               
  > what I did. When I placed the indicator on a coca-cola chart I had 
  >               
  a 
  >               
  > number of great sell opps. Keep in mind that the conditions of your 
  >               
  > test and mine were different as they should be. Some systems work 
  >               
  > better on different types of stocks than others...that's not 
  >               
  > uncommon. The beauty of being able to test ahead of time is knowing 
  >               
  > which system is likely to work the 
  best.>               
  > 
  >               
  > A technical analysis should always be aware of varying market 
  >               
  > 
  conditions.>               
  > 
  >               
  > 
  Preston>               
  >  
  >               
  > 
  >               
  > --- In equismetastock@xxxxxxxxxxxxxxx, "DAVID  H. LINTON" 
  >               
  > <dhlinton@xxxx> 
  wrote:>               
  > > 
  pumrysh>               
  > > Can you tell me in some detail what you did. 
  >               
  > > This is a MetaStock exploration. As with all explorations, it is 
  >               
  > intended to scan a universe of 
  stocks.>               
  > > If you copied it into a new exploration and ran it on COKE 
  and/or 
  >               
  > KO, you would get a result only if the stock was breaking out. It 
  >               
  can 
  >               
  > not identify selling 
  opportunities.>               
  > > Did you perhaps convert it into an indicator. If so, please post 
  >               
  > the code you 
  used.>               
  > > 
  David>               
  > >   ----- Original Message ----- 
  >               
  > >   From: pumrysh 
  >               
  > >   To: equismetastock@xxxxxxxxxxxxxxx 
  >               
  > >   Sent: April 4, 2003 2:49 
  PM>               
  > >   Subject: Re: [EquisMetaStock Group] Help with 
  breakout 
  >               
  > 
  exploration.>               
  > > 
  >               
  > > 
  >               
  > >   Tried your scan on coke and found more selling 
  opportunities.>               
  > > 
  >               
  > >   
  P>               
  > > 
  >               
  > >   --- In equismetastock@xxxxxxxxxxxxxxx, "DAVID  
  H. LINTON" 
  >               
  > >   <dhlinton@xxxx> 
  wrote:>               
  > >   > Here is a breakout scan I have been developing 
  recently. 
  >               
  > >   > 
  >               
  > >   > C > Ref(HHV(C,10),-1) AND 
  >               
  > >   > Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1) 
  AND>               
  > >   > Ref(LLV(C,10),-1) > .95 * 
  Ref(HHV(O,10),-1)>               
  > >   > 
  >               
  > >   > Comments would be 
  appreciated.>               
  > >   > Also, if anyone has the congestion and 
  consolidation formulae 
  >               
  > >   previously mentioned, please 
  post.>               
  > >   > 
  Thanks>               
  > >   > 
  David>               
  > > 
  >               
  > > 
  >               
  > >   >   ----- Original Message ----- 
  >               
  > >   >   From: ct1942 
  >               
  > >   >   To: equismetastock@xxxxxxxxxxxxxxx 
  >               
  > >   >   Sent: April 4, 2003 10:56 
  AM>               
  > >   >   Subject: [EquisMetaStock Group] Help 
  with breakout 
  >               
  > 
  exploration.>               
  > >   > 
  >               
  > >   > 
  >               
  > >   >   At one time I had two explorations, one 
  for breakouts and 
  >               
  one 
  >               
  > for 
  >               
  > >   >   breakdowns. I think they used a 
  congestion index formula 
  >               
  and 
  >               
  > a 
  >               
  > >   >   consolidation 
  formula.>               
  > >   > 
  >               
  > >   >   My hard drive crashed 3 months ago and 
  apparently these 
  >               
  > >   explorations 
  >               
  > >   >   were not 
  backuped.>               
  > >   > 
  >               
  > >   >   If someone has these, I would 
  appreciate their sharing them 
  >               
  > with 
  >               
  > >   
  me.>               
  > >   > 
  >               
  > >   >   Thanks, 
  >               
  > >   > 
  >               
  > >   >   Cordell Thomas 
  >               
  > > 
  >               
  > > 
  >               
  > > 
  >               
  > >         Yahoo! Groups 
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