Potential swing trades

Gringotts Bank said:

I look at the downwards legs back through a stock's history and get a feel for how far and how fast it can move from the most recent high pivot. Amibroker does most of this for me, but you can just eyeball it. Plot some pivot points on your chart. I like a stock to be ranging or in a long term uptrend - this ensures the nest swing up will be of decent size.

CCL was a very good candidate for a swing trade over the last few months.

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DJG said:

Yeah wasn't bad aye!

So you don't actually use much in the way of software screeners instead just look through charts and until you like what you see?
Where do you start?

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DJG said:

Thanks for the information guys, I should really get Amibroker setup properly. I really like the charting it offers but for some reason I can never get all the data in it. I gave up asking the Ami customer service, they explained it a bit but just went over what they already said and it didn't help much.
I've got all the companies, however I have no price data on each.

I should also probably pay for the full version to get intraday, EOD etc.. the lot.

Any help is appreciated.

Thanks,
Dan

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DJG said:

Thanks for the information guys, I should really get Amibroker setup properly. I really like the charting it offers but for some reason I can never get all the data in it. I gave up asking the Ami customer service, they explained it a bit but just went over what they already said and it didn't help much.
I've got all the companies, however I have no price data on each.

I should also probably pay for the full version to get intraday, EOD etc.. the lot.

Any help is appreciated.

Thanks,
Dan

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DJG said:

Thanks for the information guys, I should really get Amibroker setup properly. I really like the charting it offers but for some reason I can never get all the data in it. I gave up asking the Ami customer service, they explained it a bit but just went over what they already said and it didn't help much.
I've got all the companies, however I have no price data on each.

I should also probably pay for the full version to get intraday, EOD etc.. the lot.

Any help is appreciated.

Thanks,
Dan

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CanOz said:

The no hassle way to get this done is by subscribing to Premium Data. Its so easy to setup and maintain. I have been a subscriber for years on and off. Their service is great, they're Australian...Simple, easy to follow instruction on how to setup.

No hassle, no headache, just good quality data installed in Amibroker easily.

www.premiumdata.net

CanOz

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Gringotts Bank said:

See "How do I..." thread.

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DJG said:

Yeah I might have to give there 3 week trial a crack and see how it goes. What have you paid for on it?

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CanOz said:

Futures, ASX and US stocks, forex.


CanOz

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DJG said:

And that's a monthly fee?


Re: Screening for swing trades, could a price touching the 30 (RSI) and moving up be a potential criteria for a screen? Also, touching the 70 and moving down if you were shorting?

Only problem I though with this was its after the entry and pivot point has happened. Is eyeballing really the best way?

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CanOz said:

Actually i paid all up front for 6 months plus i bought the history, originally.

You can use indicators to narrow down the search sure. MACD crosses or Stoc divergence are good screens too. Plenty of free code on the Amibroker forum for these things.

When i traded stocks EOD discretionary for a couple of years i used some of Nick's picks as well as some of my own screening picks. I would narrow them down with the screens and then eyeball them for support/resistance and volume.

Cheers,


CanOZ

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DJG said:

Ah nice, I may have to look into it all then and get a good grip with those few criteria.
What sort of criteria were you setting with the MACD cross-overs and Stoc Divergences'?

Thanks mate

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// Triangle search Extended

/*This scan/exploration extends the triangle search by Graham Kavanagh
The original scans for triangles using Highest High AND Lowest Low over a 20 bar period,
 then next High over a chosen period after these HHV AND LLV. He requires the order of the 
highs AND lows are to be in alternate order and his test will pick up ascending, descending
 AND equal triangles. His 'variable' d1 (set to 20)is the number of days to lookback and search 
for the last Highest High, AND d2 is the gap after this HH to start searching for the next HH
 after the first. Similarly for the Lowest lows
The variables z? represent the highs, AND w? the lows.

This extended program adds a number of options,as follows:-
a. It automatically searches over different lookback periods between d1max and d1min, set to
60 and 20 (but easily changed) and records all succeses. Because of the nature of triangles,a 
single value for d1 can miss many valid cases.
b. Where the triangle criteria are satisfied on successive days, only the last of these is retained
in order to reduce the amount of output.
c. The user can toggle between searches based on the data H and L, or the highs and lows of the candle body.
d. The lengthy test to yield a "buy" in the original has been broken down into 7 separate conditions, 
allowing the user to easily change the conditions. Thus, Condition 3 tests for the triangle shape. This can
use a more liberal test via the parameter toggle that has been added. Similarly, Cond5 is a volume test which
can now be left in or excluded.
Finally, the user should note that conds 6 and 7 test that the general price trend is up. If interested in
potential downward moves, a user might want to delete these from the "buying" test.
*/

d1max = 60;
d1min = 20;
Buy = 0;


for (d1=d1min;d1<d1max;d1++)
{
d2=4;
Hi = H;
Lo = L;
Body = ParamToggle("Use candle body rather than H & L","No|Yes",  0);
if(Body == 1)
{
Hi = Max(O,C);
Lo = Min(O,C);
}
z1=HHV(Hi,d1);
za1=HHVBars(Hi,d1);
zb1=za1-d2;
z2=HHV(Hi,zb1);
za2=HHVBars(Hi,zb1);
w1=LLV(Lo,d1);
wa1=LLVBars(Lo,d1);
wb1=wa1-d2;
w2=LLV(Lo,wb1);
wa2=LLVBars(Lo,wb1);

aa1=LastValue(Hi);
aa2=LastValue(Lo);

C3 = ParamToggle("Use a more liberal triangle shape test?", "No|Yes",0);
ExVol = ParamToggle("Exclude volume test?","No|Yes",0);

Cond1 = ((z1>=z2 AND w2>w1) OR(z1>z2 AND w2>=w1));//Allows for horizontal top or bottom
Cond2 = za1>za2 AND wa1>wa2;//Automatically satisfied if za1,za2,wa1 and wa2 all exist
//Cond3 ensures triangle shape
Cond3 =((za1>wa1 AND wa1>za2 AND za2>wa2) OR (wa1>za1 AND za1>wa2 AND wa2>za2)) ;//Original
if(C3 == 1)
Cond3 =((za1>wa1 AND wa1>za2) OR (wa1>za1 AND za1>wa2)) ;//a more liberal test

Cond4 = aa1<z2 AND aa2>w2 ;// Triangle shape continues to last Value

Cond5 = Ref(Volume,-za1) > MA(Volume,d2);
if(ExVol == 1) Cond5 =1; 
//Conditions 6 & 7 require close price trend to be up
Cond6 = Ref(MA(Close,d1),-za1) > Ref(MA(Close,d1),-2*za1) ;
Cond7= MA(Close,d1) > Ref(MA(Close,d1),-2*za1); 
Buying = Cond1 AND Cond2 AND Cond3 AND Cond4 AND Cond5 AND Cond6 AND Cond7;
Buy = Buy + Buying;
}
for(i=1;i<BarCount;i++)
if(Buy[i]>=1)
{
Buy[i-1]=0;
Buy[i] = 1;
}
//Retain only the last of consecutive buy signals

Filter=Buy;
/*
NumColumns = 8;

Column0 = z1;
Column1 = z2;
Column2 = w1;
Column3 = w2;
Column4 = za1;
Column5 = za2;
Column6 = wa1;
Column7 = wa2;
*/

NumColumns = 8;
Column0 = Cond1;
Column1 = Cond2;
Column2 = Cond3;
Column3 = Cond4;
Column4 = Cond5;
Column5 = Cond6;
Column6 = Cond7;
Column7 = Buy;

/* SWING- TRADING*/
global O, H, L, C;
	O1 = Ref(O,-1);O2 = Ref(O,-2);
	H1 = Ref(H,-1);H2 = Ref(H,-2);
	L1 = Ref(L,-1);L2 = Ref(L,-2);
	C1 = Ref(C,-1);C2 = Ref(C,-2);

Cond1 = Cross( MACD( 12, 26 ), Signal( 12, 26, 9 ) ) <=3OR MACD( 12, 26 ) > 0.5 AND ( MACD( 12, 26 )>Signal( 12, 26, 9 ) ) ;
Cond2 =RSIa( Close, 9 ) > 40  ;

Cond3=Cross( StochK( 14, 3 ), StochD( 14, 3, 3 ) ) OR(StochK( 14, 3 ) > ( StochD( 14, 3, 3 ) )) OR ( StochK( 14, 3 )>25) ;
Cond4 = ( Cross( PDI(), MDI() ) ) OR( Cross( PDI(), ADX( 14 ) ) )AND ( PDI()> MDI() ) AND ( PDI()> ADX( 14 )) ; 

Cond5=ROC( Close, 10) > 0.5;
Cond6=  CCIa( Close, 14 ) > 50;
Cond7= ((C>O) AND
((C-O)/(.001+H-L)>.6)) OR
 (C>O AND H==C AND
O==L) OR
 (C>O AND
C==H)OR
 (C>O AND
O==L)  OR ((O1>C1) AND
(C>O) AND (C>= O1) AND (C1>= O) AND ((C-O)>(O1-C1))) OR 
GapUp()OR ((O1>C1) AND (C>O)
AND (C<= O1) AND (C1<= O) AND ((C-O)<(O1-C1)))
OR ((O2>C2)
AND (C1>O1) AND (C1<= O2) AND (C2<= O1) AND ((C1-O1)<(O2-C2)) AND (C>O) AND
(C>C1) AND (O>O1))OR 
 ((C1<O1) AND
(((O1+C1)/2)<C) AND (O<C) AND (O<C1) AND (C<O1) AND
((C-O)/(.001+(H-L))>0.6)) ;



Buy=Cond1 AND Cond2 AND Cond3 AND Cond4 AND Cond5 AND Cond6 AND Cond7;


/*
The MACD crosses below the Signal on or after the previous 3 bars */

Cond10 = ( Cross( Signal( 12, 26, 9 ), MACD( 12, 26 ) ) )OR
   MACD( 12, 26 ) > Ref( Signal( 12, 26, 9 ) * -2, -1 );
Cond11=  Cross( StochD( 14, 3, 3 ), StochK( 14, 3 ) );
/*Cond12=Cross( ADX( 14 ), PDI() )OR  Cross( MDI(), PDI() ) OR Cross( MDI(), ADX( 14 ) )OR( (PDI()>MDI()) OR (PDI()>ADX(14)))OR MDI()<ADX( 14 ) >PDI() ;*/
Cond13 = ROC( Close, 10 ) < 25  AND RSIa( Close, 14 ) < 70 AND  CCIa( Close, 14 ) < 100;

Cond14 =  (O>C AND H==O AND C>L) OR(O>C AND
(O-C)/(.001+H-L)>.6) OR (O>C AND (H==O AND
C==L) OR (O>C AND C==L)OR( C>O AND C==H)OR(((H-L)>4*(O-C)) AND ((H-C)/(.001+H-L)>= 0.75) AND ((H-O)/(.001+H-L))>= 0.75)); 





Sell=Cond10 AND Cond11 AND Cond13/* AND Cond12*/ AND Cond14 ;

DJG said:

How the hell do people code those things?

Just copy it into the formula editor?

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tech/a said:

I am just about to do the journey from Metastock to Amibroker!

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