Simple scanner

[Wysiwyg]

All that hotqld is asking for is a stock scanner that he can set up to monitor those conditions across multiple timeframes.

And was given one option. Did you see that?

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.

Since I was the only one to take time out to run the indicators on Amibroker and post one of the results, you mean me. Frankly son I post whatever I want that is relative to the post/thread I am referring to and if you don't like that well *pause* have a nice day.

 

[pixel]

Oh dear.

I'll second that, Julia - redoubled:

Oh dear! Oh dear!

 

[nunthewiser]

What was the question?

 

[hotqld]

mmm this thread...

Love it...maybe us Diviate Traders should meet for a coffee....and who knows

 

[BBand]

Just read the thread.

Oh Dear, I use indicators exclusively and have been consistently profitable for years

I must be using them the "wrong way"

or is it something else?

Of course the market is based on support and resistance!!, what a revelation - if it wasn't it would be a "one way street"

Why do we make profound statements such as "indicators are a complete waste of time?"
Some traders say that volume is a waste of time
At the end of the day - its only an opinion

Who are we to say that a particular methodology does not or cannot work for
someone

Some of the price S/R levels / price patterns that I have seen drawn by some "expert" - to me were very subjective, but so what - its what they see and thats all that matters

Analysis can be a bit pedantic at times

Its the control of RISK that counts, pure and simply
(Oh and pos. expectancy etc, etc, etc)

Analysis is way down the food chain, and its something that there is no finite answer to!, but the different methodologies sell books and give us something to talk about and impress each other with

Its not what you know - its how you apply it

Sorry Tech - I'm not picking on you, just some of the phrases used (makes my blood pressure rise a bit) I totally respect the time and effort you devote to helping others

Peter

 

[Julia]

Too many conditions is what I think.

Thanks for your detailed input

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?

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

That's a bit harsh, sinner. There were some genuine responses to the OP's request. After the OP had detailed a very long list of what he was using and asked what people thought, Wysiwyg perfectly reasonably imo said he thought there were too many conditions. What's wrong with that?

In response, the OP was sarcastic, as he was in response to Tech-A's original post.

In both cases, instead of the sarcasm, he could politely have asked if they could be more specific.

And for the record my "Oh dear" was purely referring to what sort of responses would follow the sarcasm and was nothing to do with the OP's technical ability or otherwise.

 

[trainspotter]

It's an aquired taste this ASF thingy. As sinner said "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"

Trusting this clears up your area of concern hotqld. Over and out.

 

[tech/a]

Sorry Tech - I'm not picking on you, just some of the phrases used (makes my blood pressure rise a bit) I totally respect the time and effort you devote to helping others

Pete
I think there are a great number of holes in the technical debate.

Much is a given---by those who use a technique of analysis and many of the cliche's are without researched foundation---in the large majority of cases---including my own---comments should have an "I have found " attachment---rather than a blanket statement.

I would argue that a 55% success rate with a .6 expectancy and a high frequency of trading is profitable---is it skill or luck in the data set???

If I have a chess player who wins 95 out of 100 games I would argue skill.

Is technical analysis skill?

I'm currently gathering a team of people far more intelligent than I to answer these questions.

 

[overit]

I would argue that a 55% success rate with a .6 expectancy and a high frequency of trading is profitable---is it skill or luck in the data set???

If I have a chess player who wins 95 out of 100 games I would argue skill.

Is technical analysis skill?

I'm currently gathering a team of people far more intelligent than I to answer these questions.

Cool! I would be very interested in this research. But I guess if you go to that much effort you wouldnt hand it out on a platter!

 

[hotqld]

That's a bit harsh, sinner. There were some genuine responses to the OP's request. After the OP had detailed a very long list of what he was using and asked what people thought, Wysiwyg perfectly reasonably imo said he thought there were too many conditions. What's wrong with that?

In response, the OP was sarcastic, as he was in response to Tech-A's original post.

In both cases, instead of the sarcasm, he could politely have asked if they could be more specific.

And for the record my "Oh dear" was purely referring to what sort of responses would follow the sarcasm and was nothing to do with the OP's technical ability or otherwise.

Hi Julie
I do not consider my responses anymore sacastic than I recieved, rather I have not reacted in highly strung way.

The Australian Technical Analyst association maybe interested in a presentation ...."Indicators thats why 90% fail" It should come across with a lot of emotion.
I would certainly attend.

 

[adt100]

I find this discussion a bit of a funny one. Does fundamental analysis work ? Well no not really. Does Technical analysis work? Well not really. Does arbitrage work? Well not really. Does market timing work? Well not really

Can they all make money, does someone somewhere make money from them. Well yes . Once that is accepted and understood whatever you use to enter a trade can probably (as long as remotely sensible) be made profitable.

Tech havent given it too much thought so maybe putting it out there a bit early but your study into technical analysis.

Seems likely to end in dissapointment I would think and I have no idea what the answer will be. But I would have thought defining what actual technical analysis is to be your first problem. I personelly use systems on price action but is buying a 55 day high or whatever (example fellas) any more less technical analysis than a 200 day MA or indicator. I would think the project is kind off endless. By the way I know of at least one hedge fund that uses indicators and has been profitable for 10 yrs even through 2008.

My real point really what happens once you have an answer (which I think is virtually impossible and I dont think you could define the parameters clearly or objectively enough). Then what? I assume you think there is no edge within technical analysis which im inclined to agree with. Lets say that is proven by your study. Well I know full well from what you have said elsewhere you accept that this doesnt make you the money anyway. I have had many discussions along the same lines before and it seems to me to be a bit like the beginners cycle in reverse. A need to know the answer yes or no probably will not help in making you profitable and if a edge if found I suspect it wont work forever but you will have convinced yourself it does.

As an intellectual study maybe of some interest as a tool for helping you trade profitably I cant see it...............maybe I miss the point tho

I use Amibroker for scanning but have to pay people to do coding. Can be a bit laborious and a shame there is no equilivent of the esignal power scanner for ASX stocks that I know of. If anyone does know of one I would be very interested

 

[adt100]

By the way whoever mentioned proreal time scanner can this be used for the Australian stocks? Thanks