Stocks In Uptrends

Originally posted by wilfran1pm ↑

@wgdt72 - I use Amibroker Pro charting software and EOD data from Paritech.

The header from my current scan is as follows (just comments in the code):

// Time-Trade-Buy-Alert
// v.201802-01
/* Note: This is a daily search (filter) for Time Trader stock selection.
The exploration searches for stocks that have recently made a 52, 26
or 14 (70 day) week high or have made one of these highs in the past
12 weeks (60 days) and have a minimum four week average daily liquidity of
$500,000, the roc of the daily 50MA s greater than zero (sloping up),
the long and medium term momentum is not down, and the state of the
short term swing indicator is up */

That sort of explains what I am currently scanning for. But as I have said in other threads, I am getting two many results in my scans, i.e. around 160 or so each night, so I have to work on making the scan a bit more restrictive, or invent some way of prioritising each result (in the code that is).

I am also working on testing other scans as well for short term trading low cap spec stocks using other indicator combinations. I guess I won't be happy until I get a scan associated with a system that can then be backtested (using Amibroker) and produces a upward sloped equity curve.

I am happy to share my scan code with anyone out there who uses Amibroker or can read and interpret the code.

Expand

Ok

No1. I have a lot to learn so go easy on me. When it comes to coding it takes me a while to understand even with a good teacher.

No2. Thanks for your detailed response. I am trying to work out how to do my own scanning as such why i am very interested.

No3. ST trading low cap stocks and finding the right ones from scans is an ideal concept. There are many many of them. I have a few basic rules for this but to say the least charting them all is an exhaustive process and i like many others are on a very limited time frame. So i guess i am looking at saving a massive amount of time here from setting up scans of my own. Given i am new to this concept and without paying a heap of money to so called software systems that end up not doing what i want is my biggest hurdle.

So i will endeavor to look into the systems you have noted.

If i can ask another few questions with the scanner, can you actually scan MC and/or Number of shares on issue with this system?

Stocks In Uptrends, page-78

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