schaballa
4 posts
msg #160632
- Ignore schaballa |
11/3/2023 6:01:07 PM
How to spot institutional buying like a pro? (ANTS indicator -MVP)
The Ants indicator is based on the research of David Ryan, three-time winner of the U.S. Investing Championship. David came up with the idea for the indicator while managing the New USA Growth Fund at William O’Neil + Company. David was interested to understand what drove some stocks higher once they were extended from their most recent base, while others had only moderate moves up.
What David found during his research was that stocks making the biggest moves often had consistent buying on volume over a period of 12 to 15 trading days. Stocks with these characteristics may be under institutional accumulation, where it may take days to weeks to fill a position.
I am not sure if this can be coded but it would be nice to know when institutions are buying. These are the parameters:
What Starts a Power Trend?
▪ Low is above the 21-day EMA for at least 10 days.
▪ 21-day EMA is above the 50-day SMA for at least five days.
▪ 50-day SMA is in an uptrend.
▪ Closes up for the day.
What Ends a Power Trend?
▪ 21-day EMA crosses under 50-day SMA.
▪ Close 10% below recent high and below the 50-day SMA.
Thanks in advance if this can be coded
Steve
|
xarlor
587 posts
msg #160633
- Ignore xarlor |
11/3/2023 8:29:09 PM
This is the filter based on the criteria you listed. As it stands, there's still too much noise to have any edge.
|
snappyfrog
731 posts
msg #160634
- Ignore snappyfrog |
11/3/2023 11:03:30 PM
Maybe you can incorporate PVI into your scan, possibly a 10 or 22 day low of this cma of PVI.
|