I did a search. Not really any more info under 'percentageup'. So the watchlist you are using in your filter is the same as the watchlist you are trading? Does making a watchlist from a random selection from the XAO universe change the results?
Skate is saying that his percentageup filter is based on checking if more than 50% of his watchlist are trending higher, and that this same filter is very accurate in signalling the start of an upswing of the XAO. But the watchlist is not selected as the market leaders, and are just what he is...
So, I can make a list, any constituents (of XAO), any size of list, and if half of them are rising it will correlate to a rise in the overall market? Seems something is missing here
I guess what I'm asking is, is the watchlist just whatever you are interested in trading, or is the selection of what goes onto the watchlist really the 'magic sauce'? Surely if they are correlated to the start of an uptrend in the XOA, then it's the constituents of the list, rather than the way...
Are you trading just the watchlist, or is the watchlist selected to be representative of the overall market (ie your watchlist is what you believe is the market leaders so you expect them to rise before the market rises)?
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