[amibroker] Re: A Scan for Stocks Making A Breakout From Base

["Dickie Paria" <babui@xxxxxxxxx>]

Took a quick glance at the code.  What exactly is PDI and MDI in the 
Buy/Sell rules ?!!


--- In amibroker@xxxxxxxxxxxxxxx, "areehoi" <hoierman@xxxx> wrote:
> Dickie,
> Here's another Breakout exporation/scan you may wish to look at that
> gets fairly good results.
> /* Breakout based on MetaStock & TC 2000 formulas*/
> // get 25-day average volume and compare today's volume
> V25 = MA(V, 25);
> Cond1=(Close>1.06*L)AND(V>V/V25);
> Cond2=((HHV(C,25)-LLV(C,25))/MA(H,25)-MA(L,25)*25)*100;
> Buy = Cond1 AND Cond2 AND (PDI (14)>MDI(14))AND C> Ref(C,-1);
> Sell = (PDI (14)<MDI(14)); 
> Filter = C <30 AND C >2 AND Volume > 100000;
> Result = WriteIf(Buy,"Buy","Sell");
> AddTextColumn(Result,"Trade",
> formatChar,IIf(Buy,colorDarkGreen,colorRed ),
> IIf(Sell,colorLime,colorPink));
> AddColumn( Close, "Close", 1.2, IIf( ROC(C, 1 ) >= 0,
> colorDarkGreen,colorRed ),50 );
> AddColumn(Ref(Close,-1),"Y-Close",1.2, IIf(
> ROC(Ref(C,-1),1)>=0,colorDarkGreen, colorRed ),50 );
> AddColumn( Volume, "Volume", 10.0, IIf( ROC(V, 1 ) >=
> 0,colorDarkGreen, colorRed ) );
> AddColumn( ROC( Close, 1 ), "ROC(1)", 1.2, IIf( ROC(C, 1 ) >=
> 0,colorDarkGreen, colorRed));
> Buy = ExRem(Buy,Sell);
> Sell = ExRem(Sell,Buy);
> 
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Dickie Paria" <babui@xxxx> wrote:
> > Buy = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
> > LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close > Open 
AND 
> > Low >= Ref(High, -1) AND Volume > Ref(Volume, -1);
> > 
> > Short = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
> > LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close < Open 
AND 
> > High <= Ref(Low, -1) AND Volume > Ref(Volume, -1);
> > 
> > **************************************************
> > 
> > The above is a scan for picking stocks that are making a breakout 
> > from base (long or short).  Actually - you can use it for 
intraday, 
> > forex, futures, options whatever.  There are some who believe 
that a 
> > breakout signal is more valid if the price base is relatively 
long.  
> > In that case - change the '10' in the code to whatever number you 
> > want - lets say - '120'.  If you want to backtest then simply add 
> > a 'Sell' and/or 'Cover' rule of your choice.  To get you started -
 
> > here's a simple sell/cover rule
> > 
> > Sell = Close < EMA(Close, 5);
> > Cover = Close > EMA(Close, 5);
> > 
> > I don't believe a breakout signal by itself is profitable - else, 
> > everybody and their mother would be doing it.  But combine with 
your 
> > favorite indicators and you may get a profitable trading 
strategy.  
> > For an idea of how to incorporate a 'price base' in the 'Buy' 
rule 
> > with 2 indicators - look at a previous post of mine 
> > titled 'Revelation Trading System' (posted about a week ago on 
this 
> > forum).




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