New meta stock formula.. Try it

S

shithil

Guest
#1
#1
I HAVE WRITTEN A NEW EXPLORATION FORMULA WITH THE HELP OF SOME THEORY FOR INTRADAY AND SWING TRADING...


GIVE A TRY..

I HAVE NAMED IT AS " EXTENDED LEVEL BOOMERS"

1. Day one makes a 60-day high.
2. The next two days and beyond, the stock trades under or equal to
the day-one high and above or equal to the day-one low.
3. Following the two days that the stock trades inside the day-one
high, place a buy stop (good till canceled) one tick above the dayone
high.
4. If the stock trades under the day-one low before it trades above the
day-one high, cancel the order.
5. When filled, risk 1 point and use a trailing stop to lock in profits.



FORMULA:

((Ref(H,-2)>Mov(Ref(H,-2),60,E)) AND (Ref(H,-2)>(HHV(Ref(C,-2),60))) AND (Ref(L,-2)<=Ref(L,-1)) AND (Ref(L,-1)<=L) AND (Ref(H,-2)>=Ref(H,-1) AND H<=Ref(H,-2))) AND (Ref(V,-2)>Ref(V,-3)+Ref(V,-4)+Ref(V,-5)+Ref(V,-6)+Ref(V,-7)+Ref(V,-8)+Ref(V,-9)+Ref(V,-10)+Ref(V,-11)+Ref(V,-12)+Ref(V,-13)+Ref(V,-14)+Ref(V,-15)+Ref(V,-16)+Ref(V,-17)+Ref(V,-18)+Ref(V,-19)+Ref(V,-20)/18) AND C>30



PATSE IT IN FILTER

ANY QUERY PLS MAIL ME AT [email protected]
 
A

Alfonsine

New Member
#2
#2
shithil said:
I HAVE WRITTEN A NEW EXPLORATION FORMULA WITH THE HELP OF SOME THEORY FOR INTRADAY AND SWING TRADING...


GIVE A TRY..

I HAVE NAMED IT AS " EXTENDED LEVEL BOOMERS"

1. Day one makes a 60-day high.
2. The next two days and beyond, the stock trades under or equal to
the day-one high and above or equal to the day-one low.
3. Following the two days that the stock trades inside the day-one
high, place a buy stop (good till canceled) one tick above the dayone
high.
4. If the stock trades under the day-one low before it trades above the
day-one high, cancel the order.
5. When filled, risk 1 point and use a trailing stop to lock in profits.



FORMULA:

((Ref(H,-2)>Mov(Ref(H,-2),60,E)) AND (Ref(H,-2)>(HHV(Ref(C,-2),60))) AND (Ref(L,-2)<=Ref(L,-1)) AND (Ref(L,-1)<=L) AND (Ref(H,-2)>=Ref(H,-1) AND H<=Ref(H,-2))) AND (Ref(V,-2)>Ref(V,-3)+Ref(V,-4)+Ref(V,-5)+Ref(V,-6)+Ref(V,-7)+Ref(V,-8)+Ref(V,-9)+Ref(V,-10)+Ref(V,-11)+Ref(V,-12)+Ref(V,-13)+Ref(V,-14)+Ref(V,-15)+Ref(V,-16)+Ref(V,-17)+Ref(V,-18)+Ref(V,-19)+Ref(V,-20)/18) AND C>30



PATSE IT IN FILTER

ANY QUERY PLS MAIL ME AT [email protected]
Click to expand...
Hi Shithil,

Very interesting formula. May I know whatthe V stands for. Also why the Ref(V,-3) to Ref(V,-20) does especially Ref(V,-20/18). How many days are you tracking after the reverse from the pivot point (HHV).
 
S

shithil

Guest
#3
#3
V stands volume..
secondly , due to 20 days volume formula it will take out the stocks which
have a created great volume . so that with a hike in price.

very next day. see whether the stock price has movement over the t-2 price.
according to that go short or long.. as both high and low of t-2 wil act as break
points...
 
R

rkkarnani

Well-Known Member
#4
#4
Would it be correct to say that day 2 and 3 are "inside days" and we are trading the breakout of 60 days high with B/O from inside days which would also amount to "Range Contraction"!!
Have I understood the concept behind correctly??
Thanks.
 
S

sherbaaz

Banned
#5
#5
shithil,

Give credit to the person whose set up u have named. The set up is by Jeff Cooper (although he doesnt require any credit from u). Its there in "HIT AND RUN TRADING PART - 11. Google the set up name, which u have named it (incidentally Jeff cooper had copied from u and given the same name to the set up) u will get the formula for both metastock or amibroker.


regards,
 
K

kaly422000

Well-Known Member
#6
#6
sherbaaz dont discourage any one who want to share any idea or his own work. if u have any idea share here . this traderji forum is meant for that
 
S

sherbaaz

Banned
#7
#7
Kally, certainly you are very right now the problem is that i do not have any idea of my own (as u have mentioned) and i do not want to give my name to somebody's else idea and saying i have made the set up ( there are only a few).

If i want to share somebody's else idea i will better give credit to that person at least by putting his name.


Regards, :gunsmilie:
 
K

kaly422000

Well-Known Member
#8
#8
but if u r metastock user u can share ur formula and we will also. it is not necessary that the formula is ur own.
and it will beneficial.
 
J

jagankris

Well-Known Member
#9
#9
Alfonsine said:
Hi Shithil,

Very interesting formula. May I know whatthe V stands for. Also why the Ref(V,-3) to Ref(V,-20) does especially Ref(V,-20/18). How many days are you tracking after the reverse from the pivot point (HHV).
Click to expand...
Good work.
Can you pls share the Ami formula for the same.
Thanks in advance.

Regards,
JK
 
hitesh

hitesh

Active Member
#10
#10
jagankris said:
Good work.
Can you pls share the Ami formula for the same.
Thanks in advance.

Regards,
JK
Click to expand...
Hope formula is correct for Ami.

//EXTENDED LEVEL BOOMERS

ELB = Ref(H,-2)>EMA(Ref(H,-2),60) AND (Ref(H,-2)>(HHV(Ref(C,-2),60))) AND (Ref(L,-2)<=Ref(L,-1)) AND (Ref(L,-1)<=L) AND (Ref(H,-2)>=Ref(H,-1)
AND H<=Ref(H,-2) AND
(Ref(V,-2)>Ref(V,-3)+Ref(V,-4)+Ref(V,-5)+Ref(V,-6)+Ref(V,-7)+Ref(V,-8)+Ref(V,-9)+Ref(V,-10)+Ref(V,-11)+Ref(V,-12)+Ref(V,-13)+Ref(V,-14)+Ref(V,-15)+
Ref(V,-16)+Ref(V,-17)+Ref(V,-18)+Ref(V,-19)+Ref(V,-20))/18) AND C>30;

Filter = ELB;

/////////// General Columns ////////////////////////
AddTextColumn( FullName( ), "Name" );
AddColumn(C,"Close");
AddTextColumn( MarketID( 1 ), "Market name" );
AddColumn(ELB,"ELB");
Click to expand...
 
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