I think understanding some common stock scans or explorations can enable beginners to explore more. Let's try one from metastock.
Equis - Relative Str Index - Expert Sys- This exploration seeks securities which have just crossed below/above the Bullish/Bearish signal line values for the RSI, 70/30. It uses the Close and 14 as the parameters for the RSI (which are the defaults in MetaStock's RSI indicator. A 1 in Column A indicates a Bullish crossover, while a 1 in Column B indicates a Bearish crossover. The Close and Volume and Percent Increase in the Volume are shown as reference information in columns D, E, and F.
IMPORTANT NOTE: The value of the RSI indicator is impacted significantly by the amount of data loaded, so if the amount of data loaded varies results may vary.
A-Cross(RSI(C,14),30)
B- Cross(70,RSI(C,14)
C- RSI(C,14)
D-C
E-VOLUME
F-(VOLUME/(Mov(VOLUME,90,S)) * 100)
FILTER-
colA OR colB {a cross over Up or Down occurred}
{filter for Volume >= 100% above an SMA of the Volume, a 90-period SMA is the default}
AND
(VOLUME/(Mov(VOLUME,90,S)) * 100) >= 100
Everything is self explanatory here except for volume. Can traderji explain column F and references to volume in the filter.
Can you suggest some common stock scans- like combining moving averages with RSi for instance.
Is taking the first 100/200 stocks of Nse and BSE a good thumb rule? Thanks
Equis - Relative Str Index - Expert Sys- This exploration seeks securities which have just crossed below/above the Bullish/Bearish signal line values for the RSI, 70/30. It uses the Close and 14 as the parameters for the RSI (which are the defaults in MetaStock's RSI indicator. A 1 in Column A indicates a Bullish crossover, while a 1 in Column B indicates a Bearish crossover. The Close and Volume and Percent Increase in the Volume are shown as reference information in columns D, E, and F.
IMPORTANT NOTE: The value of the RSI indicator is impacted significantly by the amount of data loaded, so if the amount of data loaded varies results may vary.
A-Cross(RSI(C,14),30)
B- Cross(70,RSI(C,14)
C- RSI(C,14)
D-C
E-VOLUME
F-(VOLUME/(Mov(VOLUME,90,S)) * 100)
FILTER-
colA OR colB {a cross over Up or Down occurred}
{filter for Volume >= 100% above an SMA of the Volume, a 90-period SMA is the default}
AND
(VOLUME/(Mov(VOLUME,90,S)) * 100) >= 100
Everything is self explanatory here except for volume. Can traderji explain column F and references to volume in the filter.
Can you suggest some common stock scans- like combining moving averages with RSi for instance.
Is taking the first 100/200 stocks of Nse and BSE a good thumb rule? Thanks