StockFetcher Forums · Filter Exchange · MACD Fast Line 52 Week Low<< >>Post Follow-up
snappyfrog
177 posts
msg #142522
Ignore snappyfrog
3/1/2018 9:13:12 AM

Any thoughts, additions or comments welcome.

Trying to eliminate head fakes after the MACD Fast Line has hit a 52 week low.

Fetcher[
market is not OTCBB
market is not ETF

and draw EMA(50)
and draw EMA(200)
and draw EMA(13)
and draw EMA(30)
and draw COG(5)

and Average Volume(30) > 100000
and price is above 1
and MACD Fast Line(12,26,9) reached a new 52 week low within the last 2 weeks
and MACD Fast Line(12,26,9) crossed above MACD Slow Line(12,26,9) within the last 3 days
/*and MACD Fast Line(12,26,9) > MACD Fast Line(12,26,9) 1 day ago*/
and RSI(14) < 50
and close > close 1 day ago
and close 1 day ago > close 2 days ago
]



jimvin
134 posts
msg #142693
Ignore jimvin
3/9/2018 10:27:03 PM

Since "thoughts" were called for (a neutral evaluation requiring neither common sense nor deep intelligence) I'll toss mine in as a kick=start to the conversation.

Of the overlays/indicators I prefer here's the score:

Sharpe Ratio: Catastrophic failure on all but one pick in the roster for Monday
Force Index (FI2): High passing grade on many (both numbers and charts)
Wkprofitpcnt: Mixed; majority low but some high points to consider
drsi4/drsi9: All winners
dma_x_1over8: Very low score on all

Much of the value of the above (if any) will depend on how the individual user prefers to weigh the overlay/indicators...or simply the empirical results of applying them to the script and tracking the outcome for a few weeks.

Additionally, I would add the old Darvas' criteria of a 30-day average of 300,000 and a minimum 30-day closing average of 3, making the stock easier to unload when so desired.

,,,but what the heck do I know? Simply a reply to some requested "thoughts."

jm.v.


nibor100
352 posts
msg #142700
Ignore nibor100
3/10/2018 2:03:10 PM

@jimvin,

I've read 3 of Nicolas Darvas' books and I'm not familiar with him ever stating anything about having a

" Darvas' criteria of a 30-day average of 300,000 and a minimum 30-day closing average of 3,"

Could you provide a source or reference for that info you cited?
Or perhaps it is a different Darvas?

Thanks,
Ed S.



jimvin
134 posts
msg #142701
Ignore jimvin
3/10/2018 2:48:51 PM

I've been through his formal "rules" and those don't appear in his listings as as hard and fast in his texts (How I made $2,000,000, You Can Still Make It, etc.) ; they were extrapolated by a third-party examining his trading patterns. Sorry, but unfortunately, it was years ago that I ran across them and I don't recall the source of the analysis. I can,however, note that they're worked very well in my trading. If I can find the source somewhere iny files I'll post it - .

nibor100
352 posts
msg #142746
Ignore nibor100
3/13/2018 2:07:24 PM

@jimvin,

From his first book, indications were for most of the stocks that made up his run to $2M, Darvas actually was buying stocks with very low average Weekly volumes whose volume then had a large increase simultaneous with the stock moving to new all time highs.

Three examples from his book:

Lorillard
first week of Oct moved from 17, to narrow box 24/27 its volume for the week of 126,700 vs usual 10,000 shares

Diners club
weekly volume swelled to unusuallly high 23,400 shares which I considered unusually high for this stock

E.L.BRUCE
weekly volume climbed to 19,500 from usual 5,000, then 41,500, 54,200, 76,500 with price jumping 5 to 8 points weekly

I believe Darvas used weekly volumes because on his dance tours he only got Barron's once a week to do his stock research.

At the end of that first Darvas book there are weekly price and volume charts for all of his big successful stock buys; and in 2 of the latest editions of "How to Make Money in Stocks" by William J. O'neil, there are weekly charts of many of those same stocks.

Ed S.






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