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Can somebody help me with the following Momentum scan?
Explanation of Criteria:
The previous close must be greater than $5.00
The stock must be liquid (greater than an average of 100,000 shares/Day)
Volatility must be relatively low
The stock must be trending upwards
The stock should be at a new relative high
Can you help me create this scan in Metastock.
Thank You
Nasdaqtrader |
Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
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Rank: Advanced Member
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Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
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NT,
Put the following in the FILTER part of an new Exploration:
Code:
MyMACD:=Mov(C,12,E)-Mov(C,26,E);
C>5
AND Mov(V,20,S)>1000 { Vol in 100's }
AND Vol(10,10)<Vol(10,100)*0.25 {Volatility}
AND MyMACD>0
AND C> Ref(HHV(C,40),-1);
I ran this scan as is, today, on the securities in C:\METASTOCK DATA\NASDAQ100\ and it returned 9 out of 100.
You'll have to modify the MACD to your "15" timeframe (not sure what you meant, you only specified "15") and possibly the "Vol" parameters, as well (assuming you meant Chaikin volatility).
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 2/2/2005(UTC)
Posts: 307
Thanks: 7 times
Was thanked: 3 time(s) in 3 post(s)
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To JJStein
Thank you for your help. Sorry for the delay response, I was out of the country on business.
Can we also add to get Buy and Sell Signals?
Thank you for your help.
Nasdaqtrader
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Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
|
|
|
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|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
Was thanked: 1 time(s) in 1 post(s)
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