Hello to everyone
I have written this formula and found it
useful
This exploration finds stock have reached 20 day and 50 day
moving
averages(MA) very close together with condition that 20day
MA has been
above 50 day MA for at least 60 bars
It has been
observed that when these two averages come very close sharp
price
breakouts happen.
60 day condition has been put because the
security should be trending consistently
upwards.
formula:
col
a
a:=Mov(C,20,S)-Mov(C,50,S);
(a/Mov(C,20,S))*100
col
b
Mov(C,20,S)
col c
Mov(C,50,S)
col d
C
col
e
BarsSince(Mov(C,50,S)>Mov(C,20,S))
filter
BarsSince(Mov(C,50,S)>Mov(C,20,S))>20
AND C>Mov(C,50,S) AND C> Mov(C,20,S)
AND Mov(C,20,S)>Mov(C,50,S)
AND colA<2
Value of cole more the better because more bars
strongers the trend.
This can be very useful in timing " the next
big move " after a stock consolidates after rise
Results of this exploration can be further
optimized by plotting bollinger bands over the chart.
In a chart where bollinger bands appear to
"squeeze" togather more chanses of a big breakout
Feedback from group members is requested
regarding this formula
In this group many things are discussed but seldom
something of practical
use comes up ,for ex recent discussion over
"parabolic trend line ".
My endeavor has always been that
formulas should be useful in practical
investment decisions.
I
hope members find this formula
useful
Safdar