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General Discussion · SWING TRADE CRITERIA
Mactheriverrat
msg #159136
5/29/2022 2:28:17 PM

Here is a Adobe PDF file of 12 pages showing the Double bottom breakout strategy using the PPO and CMF indicator's. I downloaded from Trader.com and have made it shareable on my Google drive.

Double bottom breakout strategy

General Discussion · SWING TRADE CRITERIA
Mactheriverrat
msg #159135
modified
5/29/2022 2:15:51 PM

Using PPO 10,24,8 as momentum and CMF as buying pressure on a stock.

1. Sort the P20 column with 1 being the most recent stocks where price crossed above the 20 day moving average.

2. On the CMF column's all 4 should show positive flows. The first 2 or 3 should be at least.
On a chart one can draw red trend line's show uptrends in the CMF meaning buying pressure coming back into that stock.

3. Draw a red resistance line to show price is above previous downtrend .

4. PPO 10,24,8 is Momentum and CMF are for buy pressure of a stock.

5. Put on watch list for tomorrow.

6. The EMA 5 ,10,15 movements show above or below the MA 20 are just part of showing trends above or below the MA 20. They ARE NOT part of the trading criteria.

7. RSI 14 shows are for over the 70 line as being in over brought territory and could be subject for selling pressure. RSI 14 can stay for days above the 70 line in strong upward momentum stocks. Just remember every trader every where see's the same thing and be ready to sell as other's are doing the same thing. Keep you're stop loss on mental stop loss real short.

8. Momentum stock playing goes hand in hand with the rest of the markets. If markets are bearish the there's a higher chance that bearishness will crossover to other stocks.

9 Below filter is S& P 500.

RJF is on a 2nd day price cross above the 20 day moving average with the PPO 10,24,8 momentum being positive and the CMF's having positive buy pressure.






Submit
Fetcher[
and price above ma(20)

and Average Volume(30) is above 200000
offset is 0
market is not otcbb
market is not etf
chart-time is 3 months
s&p 500
do not draw Average Day Range(30)

/* p20 is number of consecutive days price above (+)/below(-) previous MA(20) */
set{price20b,days( price is above MA(20) ,250)}
set{price20a,days( price is below MA(20) ,250)}
set{p20, price20a - price20b} and add column p20 {p20}
do not Draw p20

Set{cntp20,count( price > ma(20) ,1)}
draw cntp20
Set{cntp20b,count( price < ma(20) ,1)}
draw cntp20b

/* ma20 is number of consecutive days ma(20) above (+)/below(-) previous MA(20) */
set{ma2020b,days( ma(20) is above MA(20) one day ago ,250)}
set{ma2020a,days( ma(20) is below MA(20) one day ago ,250)}
set{ma2020, ma2020a - ma2020b} and add column ma2020 {ma2020}
do not Draw ma2020
Set{cntma2020,count( ma(20) > ma(20) one day ago ,1)}
draw cntma2020
Set{cntma2020b,count( ma(20) < ma(20) one day ago ,1)}
draw cntma2020b


draw CMA(ppo(10,24),8) on PPO(10,24) plot
add column separator
add column separator
draw CMF(5) line at 0.00
draw cma(CMF(5),7)
draw CMF(10) line at 0.00
draw cma(CMF(10),7)
draw CMF(15) line at 0.00
draw cma(CMF(20),7)
draw CMF(20) line at 0.00
draw cma(CMF(15),7)
add column CMF(5)
add column CMF(10)
add column CMF(15)
add column CMF(20)


add column separator
add column separator



add column separator
add column separator



* /e5e10 is number of consecutive days ema(5) above (+)/below(-) previous eMA(5) one day ago / *
set{e5e10b,days( ema(5) is above eMA(10) ,250)}
set{e5e10a,days( ema(5) is below eMA(10) ,250)}
set{e5e10, e5e10a - e5e10b} and add column e5e10 {e5e10}

Set{cnte5e10,count( ema(5) > ema(10) ,1)}
draw cnte5e10

Set{cnte5e10b,count( ema(5) < ema(10) ,1)}

draw cnte5e10b

/* e5m20 is number of consecutive days EMA(5) above (+)/below(-) previous ma(20) */
set{e5m20b,days( ema(5) is above ma(20) ,250)}
set{e5m20a,days( ema(5) is below ma(20),250)}
set{e5m20, e5m20a - e5m20b} and add column e5m20 {e5m20}

Set{cntema5abovema20,count( eMA(5) > ma(20),1)}
draw cntema5abovema20

Set{cntema5abovema20b,count( eMA(5)< ma(20),1)}

draw cntema5abovema20b

/* e10m20 is number of consecutive days EMA(10) above (+)/below(-) previous Ma(20) */
set{e10m20b,days( ema(10) is above ma(20) ,250)}
set{e10m20a,days( ema(10) is below ma(20),250)}
set{e10m20, e10m20a - e10m20b} and add column e10m20 {e10m20}

Set{cnte10m20,count( eMA(10) > ma(20),1)}
draw cnte10m20

Set{cnte10m20b,count( eMA(10)< ma(20),1)}
draw cnte10m20b

/* e15m20 is number of consecutive days EMA(15) above (+)/below(-) previous Ma(20) */
set{e15m20b,days( ema(15) is above ma(20) ,250)}
set{e15m20a,days( ema(15) is below ma(20),250)}
set{e15m20, e15m20a - e15m20b} and add column e15m20 {e15m20}

Set{cnte15m20,count( eMA(15) > ma(20),1)}
draw cnte15m20

Set{cnte15m20b,count( eMA(15)< ma(20),1)}

draw cnte15m20b



add column separator
add column separator







draw rsi(14) line at 70.00
draw rsi(14) line at 50.00
draw cma(RSI(14),9)
/* rsi14over40 is number of consecutive days rsi(14) above (+)/below(-) previous 40.00 */
set{rsi14over40b,days( rsi(14) is above 40.00 ,250)}
set{rsi14over40a,days( rsi(14) is below 40.00 ,250)}
set{rsi14/40, rsi14over40a - rsi14over40b} and add column rsi14/40 {rsi4/40}

Set{cntrsi14over40line,count( rsi(14) > 40.00 ,1)}
draw cntrsi14over40line
Set{cntrsi14over40lineb,count( rsi(14) < 40.00 ,1)}
draw cntrsi14over40lineb

draw ema(5)
draw ema(10)
draw ema(15)



]



Filter Exchange · Bottom Filter
Mactheriverrat
msg #159132
modified
5/28/2022 8:21:46 PM

This is the full version PDF 12 page strategy of "Double-Bottom Confirmation Strategy" from trader's magazine.

I kind of tweaked a little bit using the PPO for momentum and 4 different CMF 's with 7 day moving average. I use the 7 day moving average as it shows a uptrend . I then draw a trend line on the CMF's to show a uptrend in buying pressure.

My add of a Macd histogram with a 2 day moving is just a extra add I put in as for show strength trend. But to each their own.

Full Double-Bottom Confirmation Strategy 12 page PDF file

I use on my filter's a Price cross ma 20 . I then look at all CMF's seeing if they are trending up or near a cross of the CMF 0 line. Using the PPO as momentum strength. It doesn't have to be a Full Double bottom to use these indicator's . The EMA 10 cross the MA 20 show that strength is crossing over to the Bullish side of the 20 day moving.

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159131
5/28/2022 7:51:58 PM

Well not really much of a percentages person. The red line is a resistance line. I would be watching the PPO 10,24 ,8 ( used for momentum strength which is a little faster than the default 12,26,9) and all 4 CMF's for buying or selling pressure. Who know's if the can break a confirmed break above it.



Filter Exchange · Bottom Filter
Mactheriverrat
msg #159129
5/28/2022 1:18:05 PM

SPY
Broke out of downtrend channel . Future resistance line in red.

sc

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159125
5/26/2022 10:37:26 PM

SPY broke above downtrend channel today.

sc

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159123
5/26/2022 12:59:07 PM

Updated "My SPY Chart" in msg #159118. Show SPY has broken out of the downtrend channel.

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159118
5/24/2022 10:02:27 PM

My SPY chart with PPO 10,24,8 and CMF 15

My SPY Chart

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159117
5/24/2022 9:44:17 PM

With those two indicators SPY is showing signs of getting near a short term move up

PPO 10,24,8 cross
CMF 15 trending up from the bottom and just crossed above 0 line today.

Like everything is that anything can change.

Filter Exchange · Bottom Filter
Mactheriverrat
msg #159116
5/24/2022 9:39:53 PM

Just my add few cents here.


Double bottom confirmation Strategy


draw CMA(ppo(10,24),8) on PPO(10,24) plot
draw CMF(15) line at 0.00



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