Simple scanner

[hotqld]

I am looking for a scanner that will just measure the slop of the macdh ie up or down on weekly and monthly charts to estabish a trend and at the same time measure daily for the stocastic 4 1 1 dropping below 30.as a ocsolator.
To filter which stocks / charts to then analise further.
This is the triple screen system Dr Elder puts forward and then obviously apply volumne studies and price.

I have market analyst 6 and as with other charting packages it will only tell me if the MACDh is above 0 OR below which is not what I want.
I think IC investor might have this capability but it goes against the grain not being able to import my data into that software and being forced to pay for the same data twice.

Is anyone aware of a simple low cost scanner out there that I can import my own data into to achieve the above.

 

[Wysiwyg]

I am looking for a scanner that will just measure the slope of the macdh ie up or down on weekly and monthly charts to estabish a trend and at the same time measure daily for the stochastic 4 1 1 dropping below 30.as a oscillator.

Well Amibroker can code whatever the user can think of so my interpretation is as follows & accompanied by weekly chart signals from 2003 to today for the StochD(4,1,1) below 30 and the MACDH increasing. I used three bars to define an rising MACDH.

Most of the time when MACDH is rising, the StochD(4,1,1) is above 30 (due to the shorter 4 period of measure) so not many signals and not reliable too. Let's see what ASX does from this buy signal today if a buy on open tomorrow (23rd July 2010) is executed. (Note MACDH is falling on the daily)

 

[hotqld]

Well Amibroker can code whatever the user can think of so my interpretation is as follows & accompanied by weekly chart signals from 2003 to today for the StochD(4,1,1) below 30 and the MACDH increasing. I used three bars to define an rising MACDH.


Most of the time when MACDH is rising, the StochD(4,1,1) is above 30 (due to the shorter 4 period of measure) so not many signals and not reliable too. Let's see what ASX does from this buy signal today if a buy on open tomorrow (23rd July 2010) is executed. (Note MACDH is falling on the daily)

Hi Wysiwyg, Thankyou for your input


XAO Appears to be going OK, not real strong as it doesnt meet MA rules.
when I look at the XAO the chart tells me to short...anyway lets see how it goes.
entry 4439 21/7/10

I have amibroker but no idea how to use it and appears I can import my data into it.
Will it scan the ASX 300 say from 1/6/2010 to present. Then on a daily basis?
The rest of what I am looking for confirm an entry.
Not all of this I need to scan as I want to look at price and volumn action but it would save a lot of time.
Weekly MACD H rising .....only need 1 bar not 2-3
weekly 34EMA increasing
Daily Fast stocastic 4 1 1 below 30
Daily 13EMA increasing
Volumne above 15SMA (may have to drop out of scan as can be subjective being after the fast stocastive has risen from below 30 to above)
Volumn greater than 500,000 daily avearge for the month.
Close in the 1/3rd of the bar (This one is subjective too is likely to happen after the fast stocastic has risen above 30, but no entry yet)
price greater than 80 cents

opposite to short.

entry two days previous 1 cent above the high.
The Daily MACHD I would expect to be negative but turn positive on entry, one of my stop loss stageties is after the entry if I cant move my stop under any obvious support and the daily Machd changes from up to down shove the stop under that days low.

Whats your thoughts?

 

[hotqld]

A short example that meets all the criteria apart from vol which I find subjective....and felt the drop off in vol during the pullback overode the
15SMA and that was the vol confirmation.
XAO 18/5/10 short @ 4596
24/5/10 stopped out @ 4344 (spike reversal 23/5)

 

[tech/a]

Whats your thoughts?

Canned oscillators are a complete waste of time.
Your attempting to align like oscillators which are all telling the same thing to find the "perfect entry"

As time goes by you'll learn its Support/Resistance/price and time. Volume but for me I'm look for where its NOT!
and price tests which hold the key.

Unfortunately its a road we have all travelled.

 

[Wysiwyg]

Whats your thoughts?

Too many conditions is what I think.

 

[hotqld]

Canned oscillators are a complete waste of time.
Your attempting to align like oscillators which are all telling the same thing to find the "perfect entry"

As time goes by you'll learn its Support/Resistance/price and time. Volume but for me I'm look for where its NOT!
and price tests which hold the key.

Unfortunately its a road we have all travelled.

Mumbly jumble I dont understand
Canned Oscillators......using raw data and price for entries and indicators to short list?
Perfection is close to 100% ....realistic is 60-70%
Would u mind sharing with us what company u are a director in?
Would it be share trading by any chance?

 

[hotqld]

Too many conditions is what I think.

Thanks for your detailed input

 

[Wysiwyg]

Thanks for your detailed input

I spent half an hour of my time on your question about a scanner the other evening and from your ensuing communications I draw the conclusion that was half an hour too much of my time. Bye.

 

[ThingyMajiggy]

Whats your thoughts?

Couldn't think of a bigger waste of......oh wait......nope, thought I had something but false alarm, couldn't think of a bigger waste of time.

Good luck.

 

[hotqld]

......oh wait......nope,

Great advise
Wish u all the best

 

[Julia]

Mumbly jumble I dont understand
Canned Oscillators......using raw data and price for entries and indicators to short list?
Perfection is close to 100% ....realistic is 60-70%
Would u mind sharing with us what company u are a director in?
Would it be share trading by any chance?

Oh dear.

 

[ThingyMajiggy]

Great advise
Wish u all the best

You would soon realise it too if you thought about it for half a second, everyone does the same thing as what you are trying to do, all the wonderful indicators trying to get the perfect entry, yet whats the going failure rate? 90% last time I checked. How many successful traders do you know(if any) make serious dollars using what you are asking for? Its all been done before mate. But by all means go for it, do the same things 90% of us do, fine by me

On the other hand, if you're a scamming blood-sucker thats creating another super-mega-profitable system and going to sell it for $4999 with 50% off, only to the next 125 callers, then go for it, you're on the right track!

All the best.

 

[johenmo]

But by all means go for it, do the same things 90% of us do, fine by me

less is more, as the saying goes. Lots of indicators to try to pull the "best" stocks won't get you there. My learnings were confirmed yesterday when i saw a swing trading setup/system that is profitable and saw how simple it is. Not 100% win for sure but as long as the sum of the wins are more than teh sum of the losses then that's a good start. Price action is the key.

K.I.S.S.

 

[tech/a]

Mumbly jumble I dont understand

Unfortunately you may not last long enough in this pursuit to understand.

Canned Oscillators......using raw data and price for entries and indicators to short list?
Perfection is close to 100% ....realistic is 60-70%

So much to learn!
Yet you "know it all"

Would u mind sharing with us what company u are a director in?
Would it be share trading by any chance?

Retaining Wall Industries (Civil) Pty Ltd.
Obviously its involved in share trading.

 

[hotqld]

yet whats the going failure rate? 90% last time I checked.

Sounds like interesting independant research, Where do u check those numbers? What Is the a time frame?

if you're a scamming blood-sucker thats creating another super-mega-profitable system and going to sell it for $4999 with 50% off, only to the next 125 callers, then go for it, you're on the right track!

Would that be similiar to a volumn based charting programme I found on the internet with pink in the vol area? Think that was around $5grand.!
I am a private technical trader for 3 yrs now with my TAB now plus or minus 2-4 % my standard entries are: Break of resistance and support levels with no indicators. 45 odd over 3 years on weekly and daily charts so I am not big time trader on here unlike others on here. But I am trading my own money in the real market.
Glad I switched from fundamentals (buy and hope) to technicals just before the GFC....I am not whinging.

But as I try to evolve and improve by reading and testing systems every now and again I do test out indicators.....like devergence a worthwhile stop management tool?? But not for entries?
I was merely testing out Dr Elders ideas from one of his books ...all free stuff! XAO is still going up based on Dr Elders writings or is that Random Walking?

Reading the responces appears this may not be the place for open interchange of ideas.

 

[ThingyMajiggy]

Would that be similiar to a volumn based charting programme I found on the internet with pink in the vol area? Think that was around $5grand.!
I am a private technical trader for 3 yrs now with my TAB now plus or minus 2-4 % my standard entries are: Break of resistance and support levels with no indicators. 45 odd over 3 years on weekly and daily charts so I am not big time trader on here unlike others on here. But I am trading my own money in the real market.
Glad I switched from fundamentals (buy and hope) to technicals just before the GFC....I am not whinging.

But as I try to evolve and improve by reading and testing systems every now and again I do test out indicators.....like devergence a worthwhile stop management tool?? But not for entries?
I was merely testing out Dr Elders ideas from one of his books ...all free stuff! XAO is still going up based on Dr Elders writings or is that Random Walking?

Reading the responces appears this may not be the place for open interchange of ideas.

1. How is it possible to consistently stuff up the quoting, click quote and it does it for you! Another issue so dropping that.

2. Please show me at which point I said it was wiser to choose a volume-based program off the internet that costs $5K??????

3. I couldn't care less what you trade or how you trade or how ever many years experience you have being a "technical trader" It's obviously working for you, otherwise you'd be here looking for ways to code up a scanner using MACD and stochastic measurements :

4. Not sure why I'm continuing on in this discussion anyway, not like I'm going to change your opinion, good luck with whatever you're trying to do, I'm sure it'll accelerate your profits in leaps and bounds

All the best buddy, not going to waste my time in here any further.

 

[sinner]

****. You guys are absolutely useless. Nobody even listened to the poor dudes request.

Triple Screen Trading is extremely profitable and simple technique hotqld, and those on this thread who have ridiculed you simply for asking a question about indicators actually have no idea what you are asking even though their favorite trader (Nwho many actually pay for) uses the same principle in one of his investment strategies.

You would soon realise it too if you thought about it for half a second, everyone does the same thing as what you are trying to do, all the wonderful indicators trying to get the perfect entry, yet whats the going failure rate? 90% last time I checked.

Arrogance. And idiocy. I provided an example of a profitable trader using this strategy, but the mods deleted it because it referenced Nick Radge. Do you think pro traders bothers quantifying momentum using some arcane concept that nobody understand? NO. They almost certainly plot daily and weekly momentum using a MACD or a 5/34 oscillator like the AdvancedGET one or any other useful Mom oscillator. I promise you, there is no secret to quantifying past mom especially on higher timeframes. All you need is a MACD. MACD is perfect for quantifying past momentum.

All that hotqld is asking for is a stock scanner that he can set up to monitor those conditions across multiple timeframes. He did not ask you for advice on indicators, or whether his choice of indicators would be profitable, or whether he should use indicators or not, he didn't even ask you to plot a WEEKLY STO4,4,1 and WEEKLY MACDH in the same window and then tell him he's doing it wrong. He just wanted help finding an MTF stock scanner.



But I have to say, the response for this thread has not been unpredictable for this forum.

Now to answer the question, hotqld, I recommend ProRealTime. It is free for EOD data, has a simple to learn and use stock scanner and the data includes the ASX200 (but not all ASX stocks). There is also a trend analysis module called ProRealTrend. You will have no issues scanning different criteria across multiple timeframes.

http://www.prorealtime.com/common/main.phtml?language=en&page=main&insert=proscreener
http://www.prorealtime.com/common/main.phtml?language=en&page=prorealtrend_module

Reading the responces appears this may not be the place for open interchange of ideas.

You guys acted like assholes to hotqld, and should be ashamed of yourselves.

 

[ThingyMajiggy]

delete my posts in this thread admins. Can't have kids chucking tantrums over straight to the point posts, let sinner have his way, keep his chest puffed up.

Thanks

 

[white_goodman]

mmm this thread...