Re: [EquisMetaStock Group] Pristine 20 -20 bar, MetaStock Email Archive

1) Pristine's Prior High Entry Rule - Once a stock is chosen as a buy (long) candidate, we often look to enter it as soon as it demonstrates the ability to trade higher than it did throughout the entire prior trading day. In other words, if the stock can trade 5 to 10 cents above yesterday's high, we enter immediately. If a stock is able to trade higher than yesterday's high, we can be certain that the bulls are driving its engine harder than the bears. Tip: We jump on board trains moving in our desired direction, not against our desired direction. Keep in mind that this basic entry method is the main one of the three. Of course, one would simply reverse the above when looking to go short.

2) Pristine's 30-minute Entry Rule - There are times when the prior day's high is simply too far away to consider buying above it. I personally will not let a stock rally $2 before considering a buy. This in my view is giving up too much of the potential upside potential. For these scenarios, Pristine's 30-minute Buy Rule comes into play. If the prior day's high is too far way for our taste ($1.50 or more is the general rule of thumb), we will look to this alternative entry method which calls for buying above the high established in the first 30-minutes of trading. At 10:00 EST, we simply mark off the high of the day. If the stock trades above this high any time between 10:01 and 3:59 EST, we buy, with a stop below the current day's low. This entry method, while not our main one, does at times help us get into plays closer to the bottom than the main entry method above. But it should be remembered that it is largely anticipatory in nature, which always brings added risk. The stock is only truly strong if it has demonstrated the ability to take out the prior day's high. It is not "officially" strong simply because it manages to take out the 30-minute high. So, one must know when this alternative entry method is truly applicable. Use it inappropriately, and you can turn good stock candidates into financial nightmares. Reverse the above for shorts.

Message: 5
   Date: Mon, 11 Apr 2005 02:27:23 -0000
   From: sai20_2000
Subject: Re: Pristine 20 -20 bar

Herez the one I have posted for u again
, with minor changes

r:=H-L;
r10:=Mov(r,10,S);
orx:=(O-L)/r;
crx:=(C-L)/r;

rsi1:=Ref(RSI(14),-1);

bullbarz:=Sum(orx<=.2 AND crx>=.8 AND RSI(14)<30 AND RSI(14)>rsi1
AND r>r10,2)=2;
bearbarz:=Sum(orx>=.8 AND crx<=.2 AND RSI(14)>75 AND RSI(14)<rsi1
AND r>r10,2)=2;

If(bullbarz,1,If(bearbarz,-1,0))

--- In equismetastock@xxxxxxxxxxxxxxx, "Martin Blain" <martin@x...>
wrote:
> Barry
> Can you remind what the 20 20 thing is all about again.
> Martin Blain
> Burlington Ontario
>   ----- Original Message -----
>   From: Barry Vincent
>   To: equismetastock@xxxxxxxxxxxxxxx
>   Sent: Saturday, April 09, 2005 9:56 AM
>   Subject: [EquisMetaStock Group] Pristine 20 -20 bar
>
>
>
>
>
>   Hi Group
>   I am looking for the pristine 20-20 Bar, Metastock formulas.
>   I seen them some place but I can't remember where it was.
>   I have look all the places that I know to look.
>   Please help if any one knows where it is.
>   Thanks
>   Barry Vincent