lacric333
3 posts
msg #144372
- Ignore lacric333 |
8/10/2018 4:21:44 PM
Good filter for day trading. Only filter I use.
show stocks where open is more than 5% above close 1 day ago
and volume is more than 100% above average volume(30) 1 day ago
and draw MA(5)
and draw MA(8)
and draw MA(13)
price between 10 and 40
+DI crossing above -DI
ADX value 75-100
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ron22
255 posts
msg #144373
- Ignore ron22 |
8/10/2018 9:56:57 PM
Lacric, What is your trigger for entry and your trigger for exit?
What timeframe do you use to trade this filter? Thank you for posting this filter?
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lacric333
3 posts
msg #144375
- Ignore lacric333 |
8/10/2018 10:40:00 PM
I use this filter with a 5 minute chart , also look at a daily and look left just to identify where the resistance is. On the 5 the trigger comes when 5 sma crosses above 8 sma, I like a sharp angle and separation between the 2 averages. and a sharp up angle on the ADX. I have several screen shots of breaks out using this filter, will be glad to send those to you. The candlesticks will start to pull back at or below the 5 sma, and that triggers sale for me. I use this proprietary trading and works really well.
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ron22
255 posts
msg #144376
- Ignore ron22 |
8/11/2018 8:54:12 AM
I will paper trade this and see if it fits my style. Thank you very much.
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jimvin
173 posts
msg #144377
- Ignore jimvin |
8/11/2018 11:27:55 AM
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tenkrunner
1 posts
msg #144876
- Ignore tenkrunner
modified |
10/7/2018 12:59:35 AM
I use a similar setup and have OK results. One question though. How often do you see the ADX above 70? My criteria has been an ADX >40 and rising which indicates a trend is in place. Just scanning through a few charts, I see those with an ADX >70 have already had a large price move. I am a new day trader and have much to learn.
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binque
6 posts
msg #145191
- Ignore binque
modified |
11/4/2018 5:07:36 PM
One of the weaknesses of day trading is finding stocks with enough movement in price. A good way to find stocks with good movement in price is to use the ATR. However, a weakness that I have found in the ATR is that fact ATR is not a true indicator of movement. (Yes, it is a true indicator of dollar movement, but not price movement). So I wrote a small filter to give a True ATR indicator. This indicator shows the Percent movement in price, so you can see and filter true movement amount be it a $5 stock or a $85 dollar stock. Just look at the Percent ATR movement and you will know the true movement in a stock over time.
Here I am looking at stocks with a price movement in the last 5 days averaging over 10% on stocks with a 10 to 20 dollar price per share.
Here I am looking at stocks with a price movement in the last 1 day averaging over 10% prices between 50 and 100 dollars per share.
I hope I got this right.
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lostmarxbro
5 posts
msg #158515
- Ignore lostmarxbro |
2/4/2022 2:01:54 PM
JIM, your scanner is pretty darn good. Thank you
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jimvin
173 posts
msg #158517
- Ignore jimvin |
2/4/2022 9:55:59 PM
All credit to lacric333; I simply made it clickable.
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miketranz
969 posts
msg #158518
- Ignore miketranz |
2/5/2022 8:47:35 AM
I have a question.Is the trade triggered the day of the move or next day on open? Also,I would like to see a few examples using the 5 min. Thanks,Mike...
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