Rank: Newbie
Groups: Registered, Registered Users
Joined: 11/22/2004(UTC)
Posts: 8
Location: Malaysia
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I'm using moving averages to screen potential stocks.
Actually my condition is to pick those stocks which just
cross the 20D MA. but the formula I used (if C > mov(C,20,S)) is getting out stocks that its MA already above 20D MA. What I really want is the MA just started to cross over so that it wont be stocks that has been overbought. I'm not sure (if cross(C,mov(c,20,S))) is setting what I want?
Is MA a good tool to screen out potential stocks? any good advises
on stocks screening?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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I can help you with the formula :
Cross(C,Mov(C,200,S))
Unfortunately I do not have an opinion has to wether or not it is a good way to screen stocks.
My advice would be for you to set a goal for you trading.
For example you want to make $[censored]X a Day/Week/month/Year and then consider which stocks can you afford that have the potential of making you that money in that time period ...
Then create or find a system based on these stocks and keep working with the same stocks. Again I'm not a professional trader so what I say should never be taken as gospel ... :oops:
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