mp6140

[quote=brazos]"As you can see, when the red and blue lines are moving TOGETHER and upturn FROM THE BOTTOM, you can expect a very nice rally in the stock. If they move up from a higher position, probabilities are that the rally will be shorter -- most likely the normal 2 or 3 days, depending on the particular stocks rally history!"

Mike the description on how to use started off this way. I am slow. Which red and blue lines did you mean? I know most probably already know, but trying to set this up and get the hang of it, and not sure.

Also in the description you said to use 50 on the Time series. On the self help page here, Esology mentions make sure you use 30? Which one?

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hey braz

thnx for the heads up, because YOUR red WLR 10 and blue RSI 2 may not be the same colors as mine, but the above colors are what i referred to -- i shall make that correction in the copy !

lol -- at this very moment in time i am using the timeseries 25, so there !

im sorry for the changes, but its a constantly evolving system and the more i work with it the more i notice !

trade well

mp

__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !

As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!

brazos

Thank you Mike. And if I remember right, that is the key, they need to be moving the direction you are trading.

I have read a little on the Time Series Forecast, but would appreciate a little insight on it. How I am to use it.

If a stock is making a new high/low, will the linear regression line automatically show that change, or would it go through the line? I have seen it both ways lately, and not sure where or when to expect the line movement.

braz

mp6140

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hey

the TIMESERIES indicator is one heck of a powerful tool, especially if you like to take a position early and hold for what is almost always the inevitable rally ! it is good to warn of an upcoming rally for daytraders and an excellent entry point for swings or short term position traders (which is the same thing, i guess !) additionally, using the ma 13 and 20 cross AND when the pps crosses them to the upside will show a future rally in the making.

please note that a timeseries cross could give you a week or longer warning before "the big move" but if you look at some recent rallying stocks on the indicator, observe where the pps/timeseries cross occurred and dollar to doughnuts that cross prophesized the rally ! now you can get a timeseries cross with the a/d and momo lines towards the top of the pane which usually means a smaller, more normal 3 day rally. the ones you pay lots of attention to are the ones that start with ALL indicators at the bottom !

although sometimes hard to see unless youve "detached" your profit charts and made them full page size, i like to look for the "pps crossover to the upside of the timeseries" on the 6 month charts. but each to her/his own(3month or 1 month) as long as it shows up AND YOU CONFIRM VISUALLY on the 6 month chart !

presently i am using the timeseries20 and trying smaller numbers until i reach a point of no return and shall report on that experiment as i learn more !

LINEAR REGRESSION CHANNEL

to REALLY see the following phenomenon in action, it is best to use a 3 month daily Historical chart (same as the prophet charts) on Mikeys Method!
when you open a chart observe where the lrc IS, then click the "draw" button, and the lrc will either rise with the pps or stay still and the pps will pierce the lrc top --- it all happens right before your eyes !

when a stock makes a new high (RARELY does it happen on a low) the pps can either PIERCE the top lrc and remain that way, which (without news or manipulation of the stock) almost always means a sell off happening the next day (even if it gaps, it will go flat the next day). if the top LRC RISES with the pps moving up, you could very easily see a continuation rally happening, although there will usually be "some" minor profit taking the next day --- the daytraders take their profits but the swings already know the stock is continuing, at least to the next major resistance point, and they are holding for the longer term. you can identify this situation by watching WHERE the indicators are in terms of percentage --- if 40% of the upward movement on the indicator remains until it hits the top, one could easily imagine another two days of increases, or at least one more and a gap and sell off at the end.

if the indicators are topped, observe if they are bending over and then riding sideways at the top of the panel, as they can no longer continue up past 100%, but simply travel sideways showing the strength of the rally -- that is also a sign that the rally can continue ! and of course, where is the timeseries indicator during all this -- it should be running right up along the rally ?

presently im working on having seperate charts for the MUDDY method buying, regular stock buying and a seperate chart for SELLING which uses the ma3-5 DOWN PPS CROSS as a "jump ship" sell indicator for the swings ! naturally, if one sees this situation on the chart, one should think long and hard about a daytrade also, unless you are good at scalping tiny upside moves in a downtrending stock !

it is so hard for me to write a complete set of directions, as the analyzer works for daytraders, swings and both long and short players and the combinations are simply beyond me to do at one sitting ! please re-read the original RSIWLR instructions, as i re-edit the actual directions sometimes 3 or 4 times a week as i learn more of what this little tool is capable of !

trade well braz

mp

__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !

As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!

therumpledone

I think I have finally tweaked the WARM FILTER to give you the best candidates for Mike Parker's RSIWLR PROPHET.NET DISPLAY.

I added Muddy's bottom tail and a weekly bottom tail column.

I include the trend indicator to show the 10/60/200 day trend.

I use low momentum to select the stocks and sort on accumulation/distribution so the best ones should pop to the top.

Of course, if you just load these into Mike's QT setup, and wait for green the hot ones for that day pop to the top.

MAY ALL YOUR FILLS BE COMPLETE.

/* WARM FILTER FOR MP RSIWLR PROPHET.NET DISPLAY */

/* NORMALIZE accumulation distribution */
set{admin, min(accumulation distribution 60 day low, accumulation distribution)}
set{admax, max(accumulation distribution 60 day high, accumulation distribution)}
set{adrng, admax - admin}
set{adpct, adrng * .01}
set{adcon, accumulation distribution - admin}
set{adval, adcon / adpct }

/* NORMALIZE momentum(12) */
set{morng, momentum(12) 60 day high - momentum(12) 60 day low}
set{mopct, morng * .01}
set{mocon, momentum(12) - momentum(12) 60 day low}
set{moval, mocon / mopct }

/* NORMALIZE rsi(2) */
set{rsrng, rsi(2) 60 day high - rsi(2) 60 day low}
set{rspct, rsrng * .01}
set{rscon, rsi(2) - rsi(2) 60 day low}
set{rsval, rscon / rspct }

/* NORMALIZE williams %r(10) */
set{wrrng, williams %r(10) 60 day high - williams %r(10) 60 day low}
set{wrpct, wrrng * .01}
set{wrcon, williams %r(10) - williams %r(10) 60 day low}
set{wrval, wrcon / wrpct }

/* CALCULATE 10/60/200 day trend */
set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{u1, T200 * 1}
Set{u2, T60 * 10}
Set{u3, T10 * 100}

Set{uu, u1 + u2}
Set{TREND, uu + u3}

/* CALCULATE DAILY AND WEEKLY BOTTOM TAIL SIZE */
set{BTSize, close - low}
set{WBTSize, weekly close - weekly low}

add column wrval
add column adval
add column rsval
add column moval

add column trend

add column wbtsize
add column btsize

/* SELECT STOCKS WITH MOMENTUM(12) NEAR 60 DAY BOTTOM AND LOW BELOW L/R LINE */
moval below 1
LOW is BELOW the bottom linear regression line(60)

/* PRICE/VOLUME SELECTION CRITERIA */
price between 1 and 20
volume above 100000

sort column 6 ascending

hellabill

i know a lot of work went into this !!!
but we trade stocks -at least some- between 0.0004 and 0.50??/
ur filter doesn't fetch 1 single stock in that price range
possible to get one to work that captures the little ones that we play??/
tia

sambinho

Avery, that filter is excellent - it shows exactly the stocks I wanted to see, PPS & bottom LRC with converging indicators at bottom.

Thanks very much!

btw, hellabill - if you want it to find the stocks in your price range, simply change the price from;

"price between 1 and 20 "

to

"price between .0004 and .50"

Hope this helps, thanks again Mike & Avery - your help never goes unappreciated

therumpledone

I am glad somebody finally sees the value of this filter.

MP's analyzer was a great idea.

Having a filter that finds stocks tailored to the analyzer just makes it that much easier. In fact, you don't really need to "analyze" the stocks. Instead, just pop them into MP's QuoteTracker setup and the best ones pop to the top.

Remember, the ones that don't pop today may pop in a day or two so don't just throw those picks away. These stocks have bottomed on momentum.

You can make a change to look for the ones that bottomed on rsi "rsval", williams %r "wrval" or accumulation/distribution "adval". But SF seems to have a problem with A/D so that's why I use normalized momentum (12) "moval" instead.

MAY ALL YOUR FILLS BE COMPLETE.

therumpledone

Since the data using indpostion is so much more accurate, we can now find stocks where the 4 WARM criteria are LOW!

fetcher[
/* WARM FILTER FOR MP RSIWLR PROPHET DISPLAY ACCUMULATION DISTRIBUTION LOW */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) }

/* NORMALIZE rsi(2) */

set{rsval, RSI(2) }

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) }

/* CALCULATE 10/60/200 day trend */
set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{u1, T200 * 1}
Set{u2, T60 * 10}
Set{u3, T10 * 100}

Set{uu, u1 + u2}
Set{TREND, uu + u3}

/* CALCULATE DAILY AND WEEKLY BOTTOM TAIL SIZE */
set{BTSize, close - low}
set{WBTSize, weekly close - weekly low}

add column wrval
add column adval
add column rsval
add column moval

add column trend

add column wbtsize
add column btsize

/* SELECT STOCKS WITH WARM CRITERIA NEAR 60 DAY BOTTOM */

wrval below .20
adval below .01
rsval below 20
moval below .01

/* PRICE/VOLUME SELECTION CRITERIA */
price ABOVE .01
volume above 100000

sort column 6 ascending
]

NOTE: Since RSI is already between 0 and 100, no need to normalize it.

Just run this filter and pop these stocks in MP's QT setup.

They fit the MP RSIWLR ANALYZER like hand in glove!

MAY ALL YOUR FILLS BE COMPLETE.

therumpledone

/* WARM FILTER 60 days Crossover Report rsval x adval */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) }

/* NORMALIZE rsi(2) */

set{rsval, RSI(2) / 100}

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) }

/* CALCULATE 10/60/200 day trend */
set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{u1, T200 * 1}
Set{u2, T60 * 10}
Set{u3, T10 * 100}

Set{uu, u1 + u2}
Set{TREND, uu + u3}

/* CALCULATE DAILY WEEKLY BOTTOM TAIL SIZE */
set{BTSize, close - low}
set{WBTSize, weekly close - weekly low}

/* PRICE CALCULATIONS */
set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CLxCL, CCa - CCb}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxEma5, E5a - E5b}

/* VOLUME CALCULATIONS */
set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

/* EMA CROSSOVER CALCULATIONS */
set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}
/* rsi cross a/d */

set{rab,days(rsval is above adval,100)}
set{rab1, count(rab above -1 , 1)}
set{rab2, rab * rab1}
set{raa,days(rsval is below adval,100)}
set{raa1, count(raa above -1 , 1)}
set{raa2, raa * raa1}
set{rsxad, raa2 - rab2}

/* rsi cross momentum */

set{rmb,days(rsval is above moval,100)}
set{rmb1, count(rmb above -1 , 1)}
set{rmb2, rmb * rmb1}
set{rma,days(rsval is below moval,100)}
set{rma1, count(rma above -1 , 1)}
set{rma2, rma * rma1}
set{rsxmo, rma2 - rmb2}

/* rsi cross williams %r */

set{rwb,days(rsval is above wrval,100)}
set{rwb1, count(rwb above -1 , 1)}
set{rwb2, rwb * rwb1}
set{rwa,days(rsval is below wrval,100)}
set{rwa1, count(rwa above -1 , 1)}
set{rwa2, rwa * rwa1}
set{rsxwr, rwa2 - rwb2}

/* williams %r cross a/d */

set{wab,days(wrval is above adval,100)}
set{wab1, count(wab above -1 , 1)}
set{wab2, wab * wab1}
set{waa,days(wrval is below adval,100)}
set{waa1, count(waa above -1 , 1)}
set{waa2, waa * waa1}
set{wrxad, waa2 - wab2}

/* williams %r cross momentum */

set{wmb,days(wrval is above moval,100)}
set{wmb1, count(wmb above -1 , 1)}
set{wmb2, wmb * wmb1}
set{wma,days(wrval is below moval,100)}
set{wma1, count(wma above -1 , 1)}
set{wma2, wma * wma1}
set{wrxmo, wma2 - wmb2}

/* a/d cross momentum */

set{amb,days(adval is above moval,100)}
set{amb1, count(amb above -1 , 1)}
set{amb2, amb * amb1}
set{ama,days(adval is below moval,100)}
set{ama1, count(ama above -1 , 1)}
set{ama2, ama * ama1}
set{adxmo, ama2 - amb2}


/* CALCULATE DIVERGENCE */
set{nd2,count(close below close 2 days ago,1) * count(rsi(2) above rsi(2) 2 days ago,1)}}

set{nd3,count(close below close 3 days ago,1) * count(rsi(2) above rsi(2) 3 days ago,1)}

set{nd4,count(close below close 4 days ago,1) * count(rsi(2) above rsi(2) 4 days ago,1)}

set{nd5,count(close below close 5 days ago,1) * count(rsi(2) above rsi(2) 5 days ago,1) }

Set{n1, nd5 * 1}
Set{n2, nd4 * 10}
Set{n3, nd3 * 100}
Set{n4, nd2 * 1000}

Set{na, n1 + n2}
Set{nb, n3 + n4}
Set{PD2345, na + nb}

/* POSDIV is the number of times there was a 2, 3, 4 or 5 day positive divergence during the past 10 days */

set{POSDIV, count(PD2345 above 0, 10)}

/* PDDAYS is the number of days since there hasn't been a 2, 3, 4 or 5 day positive divergence */

set{PDDAYS, days(PD2345 EQUAL 0, 100)}

/* R2DLT1 tells you the number of days rsi(2) < 1 during the past 20 days */

set{R2DLT1, days(rsi(2) is below 1,20)}

/* R2DLOW tells you how many days since the 20 day low. But if it is -1, this lets you know that there has been a lower RSI before the current rsi(2) 20 day low within the previous 20 days. At first I thought -1 was a mistake until I checked the chart */

set{R2DLOW, days(rsi(2) EQUAL RSI(2) 20 DAY LOW,20)}

add column rsxad
add column rsxmo
add column rsxwr
add column wrxad
add column wrxmo
add column adxmo

add column trend

and add column clxcl
and add column CxEma5
add column VlxVl
add column Vdbl
add column volpct

add column wrval
add column adval
add column rsval
add column moval


add column posdiv
add column pddays
add column R2DLT1

add column RSI(2) 20 DAY LOW
add column R2DLOW

/* PRICE/VOLUME SELECTION CRITERIA */
price ABOVE .01
volume above 50000

sort column 11 descending

/* CROSSOVER SELECTION */

RSXAD EQUAL 1
ADVAL BELOW .20
rsi(2) above rsi(2) 1 day ago
/* END FILTER */

You may need the advance SF to run this but it is well worth it!

MAY ALL YOUR FILLS BE COMPLETE.