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| Mike Parker's Method Use Mikey's method with Medved QuoteTracker™ and say good-bye to pump and dumps. |
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Sat, 02-04-2006, 12:51 PM
| #31 (permalink) | |
| Join Date: May 2005
Posts: 7
 | Quote:
methodical and waiting - YES INDEED! | |
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Sat, 03-11-2006, 04:27 PM
| #33 (permalink) | |
| Member Join Date: Apr 2005
Posts: 43
    | RSIWLR DISPLAY for StockFetcher. The way I wrote the RSIWLR DISPLAY for StockFetcher was to mimic MP's www.prophet.net RSIWLR. All you have to do is add the display to your SF filter. When you view the chart, you will have a plot containing the RSIWLR. No need to copy/paste tickers from SF to Prophet!! An added benefit was that you could sort/select based on the values. So if you want filter for stocks with A/D, Momentum, RSI and/or Williams %R at/near the bottom you can. I also created the ZOOM LENS where you could see the same indicator from multiple timeframes in one chart. You can look at RSI(2) 10 days, 60 days, 200 days all in one chart. Speeds up identifying tops/bottoms. HTH. Quote:
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Sat, 03-11-2006, 04:58 PM
| #34 (permalink) |
| CRUSTY ON THE OUTSIDE !  Join Date: Mar 2005
Posts: 839
| MP -- RUMPLEDONE'S STOCKFETCHER RSIWLR ill say it once again, and maybe cause im not a "techno geek" or programmer, but to come up with 192 stocks on a scan seems a little much to me ! to be honest, i never scan during the week, simply quickly checking "touted" stocks on the RSIWLR (each one takes about 5 seconds) and then making daytrading picks from the ones that look like they have bottomed or are doing a "muddy reversal" and present at least 40% available upside movement ! (30- 40 %, approximately, is one days positive movement on the RSIWLR !) if i wanted to go nuts with numbers, i would throw ALL of the 192 stocks into "mikeys method" and let that system identify that days runners at the bell and definitely at the 9:50 reversal, but i usually only have 5 or so stocks that i watch all week long, taking the penny poppers as one day trades or intraday flips while holding long or short marginable stocks, which i also flip thru another account ! This way, all week long, I trade the same stock or stocks, and get awfully familiar with how and when to take profit from them ! using the RSIWLR for any purpose other than what it was designed for (finding a stocks reversal point) is kinda useless in my mind, and a thorough waste of ones time, as stockfetcher will allow you to scan for "any" indicator situation you may desire ------ the whole purpose of the RSIWLR was to analyze stocks that ALL the important signs pointed to as a reversal point, WITHOUT USING ANY INDICATORS AT ALL ! I also use the RSIWLR intraday with realtime quotes from prophet.net, as both a one and 2 day chart ---- phenominal at showing support and resistance and WHAT the stock is doing at ANY moment in time ! so to finish, i really never understood what was being SCANNED for, and still dont really understand, because what has been changed is to simply make the RSIWLR into seperate indicators that you can scan for, AND THAT IS NOT WHAT THE RSIWLR IS FOR ! ---- IT WORKS BECAUSE THE INDICATORS ARE SUPERIMPOSED, and seperating the indicators is just another chart ! if you have any questions, i would be glad to answer them but the RSIWLR was made to SIMPLIFY for newbs, and not to COMPLICATE the issues with 192 stocks to scan ! 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 !! |
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Sun, 03-26-2006, 06:50 PM
| #35 (permalink) | |
| Member Join Date: Apr 2005
Posts: 43
| WHAT THE FILTER IS FOR... MP: The whole idea behind the MP RSIWLR FILTER that I wrote was to let the computer indentify stocks where each of the components (Wlliams %R, Accumulation/distribution, Rsi and Moment - WARM) was at/near the bottom. You can tweak this filter to find all the stocks that have indicator readings < 10, <5 or , <1. You can use it to find stock where just one or two of the indicators are at the bottom. It is totally flexible. Riggs is saying when ADVAL > 70 and RSVAL, MOVAL and WRVAL < 30 it's time to buy. Furthermore, I have SF draw the indicators superimposed just like prophet.net. Then, I took it another step forward and created the ZOOM LENS. Where you can have different time frames of the same indicator in the same chart! So for example you can look at daily AND weekly in the same chart. I have no idea where you got the idea that my filter separated anything!! Think about it, you have to LOOK at a chart to see if all the indicators are at the bottom. The MP RSIWLR filter FINDS the stocks where the indicators ARE AT THE BOTTOM! Let the computer do the work!! Now all you have to do is pop these stocks into your QT setup. You don't have to look at the prophet charts unless you want to. I hope that explains it well enough for the non-techies to understand. Quote:
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Mon, 08-28-2006, 07:54 AM
| #36 (permalink) |
| Member Join Date: Apr 2005
Posts: 28
| RSIWLR - ambibroker, wealthlab, tradestation en mass scanning? Greetings, Has anyone written an RSIWLR filter for one of the back-testing, realtime monitoring applications? Useage: Tools in this catagory are capabile of low effort applying any number of algorithms, filters on an arbitrary length watch list or filtering entire markets for stocks approaching inflection points per the filter's design. Since I suspect that the RSIWLR cross over at a low is a feasible trigger to write logic for (in these tools). Any thoughts or problems in countered? tnx curt |
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Mon, 08-28-2006, 08:07 AM
| #37 (permalink) | |
| CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005
Posts: 839
| MP -- RSIWLR SCANS Quote:
HEY yes curt, many filters have been written and the TER filter i use for my bottom picks is just a slight modification of the original ! Simply scan for the LOW VALUES of the analyzer as a combined scan and youll find your candidates ! please note, while i use the system in real time, the actual purpose of the RSIWLR is to identify playable bottoms, giving ADVANCE notice of movement, allowing one to set up and wait for the uptrend to confirm, so to that end EOD scans work for me (which i usually do on sunday and work with all week) as far as backtesting is concerned, when i look at a one year chart (or sixth months) IF RECENT RALLIES AND THE INDICATORS COINCIDE, i now consider the stock to be backtested as the further one moves back in history, the more chance that the stock reacts to differing values ! (i know that flies contrary to common wisdom, but i find that if the stock has reacted positively EVERY time for 6 months or a year, then its most likely to do the same thing again ! remember, the analyzer works in any timeframe, and extreme long term trends are reasonably simple to follow also, timing the rises and dips over a multiyear period as easily as over a 3 month chart ! hope that helps enjoy and 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 !! | |
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Tue, 08-29-2006, 11:14 AM
| #38 (permalink) |
| Member Join Date: Apr 2005
Posts: 28
| RSIWLR code for scanning apps: ambibroker, wealthlab etc? Great to hear current successful use! I just realized that I should have checked this sites's "files" section. I'm looking for someones contributed code for one of the scanning applications: Ambibroker, wealtlab, tradestation etc. Translating between each is a doable programing excersize once a template that covers the ins and outs is available. I saw a post for stockfecher code once? tnx and GLTA curt |
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Tue, 08-29-2006, 08:51 PM
| #40 (permalink) | |
| CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005
Posts: 839
| MP -- SCANNNING THE RSIWLR Quote:
simple as can be -- using stockfetcher, simply scan for bottoms on the indicators as a group. also, if you go back in the thread, there are some suggested filters here also. enjoy and trade well mp | |
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