[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: [EquisMetaStock Group] hello weinstein help



PureBytes Links

Trading Reference Links

Here’s a copy of an e-mail someone else sent me regarding the same topic. I hope it is of help to you.

 

Regards,

Tim.

 

Hi Tim

 

After reading Stan Weinstein's book recently I searched everywhere for some suitable MS code for Stage 1 but without success.

 

However after looking at many charts I then decided that what I really needed was to identify securities at the beginning of Stage 2. I am still working on this and so far have come up with:

 

{First warning of a possible BUY position i.e. it is not a BUY signal}

 

Cross(CLOSE,Mov(CLOSE,150,W))

 

{BUY Signal}

Buy:=  Fml( "#BUY1") AND Fml( "#BUY2") AND Fml( "#BUY3") ;
BUY:= BUY AND Alert(BUY=0,2);

BUY

 

Where ...

 

{BUY1} {WMA rising}
ROC(Mov(CLOSE,150,W),5,%)>0

 

{Buy2} {Good Comparative Relative Strength}
ASX:= Security("C:\METASTOCK\UK\FT Indices\ASX",CLOSE); {This is the UK FTSE All Share Index}

ROC(CLOSE/ASX,60,%)>0

 

{#BUY3} {Above recent resistant level}
LookBack := 30;
Resistance :=ValueWhen(1,Cross(Mov(C, LookBack,S),C),HHV(HIGH, LookBack));
BUY3:= CLOSE>Resistance;
BUY3

 

In addition to this he says that a breakout must be confirmed by higher than usual volume activity so something like this is also needed ...

 

Mov(VOLUME,5,S)>Ref(Mov(VOLUME,60,S),-5)

 

I hope this is of help.

 

Casimir

 

 


From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of razepy
Sent: Sunday, 7 August 2005 22:37
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] hello weinstein help

 

anyone can share an exploration code that
detect Weinstein stage 1 breakout
thanks







SPONSORED LINKS
Business finance course Business to business finance Small business finance
Business finance consultant Business finance magazine Business finance schools


YAHOO! GROUPS LINKS