03/22/2013 Live Update

[gasprice]

Folks were asking for code to find stocks in consolidations automatically. Here's one method. I call it "MACD Power".

What I do is look for a specific MACD pattern which indicates a potential strong move higher could be coming. Here's the circumstance

-- MACD 30 bars ago peaked and started to fall
-- Price fell a certain amount, MACD fell a certain amount
-- Take the percent the MACD fell and divide it by the percent the price fell
-- A higher value indicates a stronger stock

So say the MACD has fallen 80% and price fell 2% in one stock. Another stock, MACD has fallen 60% and price fell 2%. The first stock has a power rating of 40 and the second stock has a power rating of 30. The first stock is a better buy. Why? Because in the time it took for the MACD to fall more, price fell the same as another stock where MACD didn't fall as much.

Ninja Trader code -- run this in a Market Analyzer across all NYSE/NASDAQ stocks to find the highest power rating.

protected override void OnBarUpdate()
{
double oldMACD = 0;
double newMACD = 0;
double maxMACD = 0;
double oldPrice = 0;
double newPrice = 0;
double changeMACD = 0;
double changePrice = 0;
double result = 0;

if(CurrentBar > 32)
{
// Get the MACD from 30 bars back and calculate the percent change

oldMACD = MACD(12,26,9)[30];
newMACD = MACD(12,26,9)[0];
maxMACD = MAX(MACD(12,26,9), 31)[0];

changeMACD = Math.Abs(100*(newMACD - oldMACD)/oldMACD);

// Get the price from 30 bars back and calculate percent change

oldPrice = Close[30];
newPrice = Close[0];

changePrice = Math.Abs(100*(newPrice - oldPrice)/oldPrice);

// Calculate if:
// MACDs are both > 0
// The MACD 30 bars ago was the max
// Stock has fallen

if (oldMACD > 0 &&
newMACD > 0 &&
oldMACD == maxMACD &&
newPrice < oldPrice)
{
result = (changeMACD / changePrice) * 100 ;
}
else
{
result = 0;
}

}
else
{
result = 0;
}

Plot0.Set(result);
}

Here's an example of a stock that the scan picked up a week ago (ATK)

[f-stop]

Anyone following URTY? Not acting like a 3x today v.s. TNA
Thoughts?

[TraderGirl]

Gettin' the feeling we get a move down for TMF/TLT...

[Out of Bounds]

resistance broke

[stlwater]

Folks were asking for code to find stocks in consolidations automatically. Here's one method. I call it "MACD Power".

What I do is look for a specific MACD pattern which indicates a potential strong move higher could be coming. Here's the circumstance

-- MACD 30 bars ago peaked and started to fall
-- Price fell a certain amount, MACD fell a certain amount
-- Take the percent the MACD fell and divide it by the percent the price fell
-- A higher value indicates a stronger stock

So say the MACD has fallen 80% and price fell 2% in one stock. Another stock, MACD has fallen 60% and price fell 2%. The first stock has a power rating of 40 and the second stock has a power rating of 30. The first stock is a better buy. Why? Because in the time it took for the MACD to fall more, price fell the same as another stock where MACD didn't fall as much.

Ninja Trader code -- run this in a Market Analyzer across all NYSE/NASDAQ stocks to find the highest power rating.

protected override void OnBarUpdate()
{
double oldMACD = 0;
double newMACD = 0;
double maxMACD = 0;
double oldPrice = 0;
double newPrice = 0;
double changeMACD = 0;
double changePrice = 0;
double result = 0;

if(CurrentBar > 32)
{
// Get the MACD from 30 bars back and calculate the percent change

oldMACD = MACD(12,26,9)[30];
newMACD = MACD(12,26,9)[0];
maxMACD = MAX(MACD(12,26,9), 31)[0];

changeMACD = Math.Abs(100*(newMACD - oldMACD)/oldMACD);

// Get the price from 30 bars back and calculate percent change

oldPrice = Close[30];
newPrice = Close[0];

changePrice = Math.Abs(100*(newPrice - oldPrice)/oldPrice);

// Calculate if:
// MACDs are both > 0
// The MACD 30 bars ago was the max
// Stock has fallen

if (oldMACD > 0 &&
newMACD > 0 &&
oldMACD == maxMACD &&
newPrice < oldPrice)
{
result = (changeMACD / changePrice) * 100 ;
}
else
{
result = 0;
}

}
else
{
result = 0;
}

Plot0.Set(result);
}

Here's an example of a stock that the scan picked up a week ago (ATK)

Great info, thanks!

[Out of Bounds]

Sold longs. I'm out. Have a great weekend guys.

[Out of Bounds]

and Gals.

[JFR]

Folks were asking for code to find stocks in consolidations automatically. Here's one method. I call it "MACD Power".

What I do is look for a specific MACD pattern which indicates a potential strong move higher could be coming. Here's the circumstance

-- MACD 30 bars ago peaked and started to fall
-- Price fell a certain amount, MACD fell a certain amount
-- Take the percent the MACD fell and divide it by the percent the price fell
-- A higher value indicates a stronger stock

So say the MACD has fallen 80% and price fell 2% in one stock. Another stock, MACD has fallen 60% and price fell 2%. The first stock has a power rating of 40 and the second stock has a power rating of 30. The first stock is a better buy. Why? Because in the time it took for the MACD to fall more, price fell the same as another stock where MACD didn't fall as much.

Ninja Trader code -- run this in a Market Analyzer across all NYSE/NASDAQ stocks to find the highest power rating.

protected override void OnBarUpdate()
{
double oldMACD = 0;
double newMACD = 0;
double maxMACD = 0;
double oldPrice = 0;
double newPrice = 0;
double changeMACD = 0;
double changePrice = 0;
double result = 0;

if(CurrentBar > 32)
{
// Get the MACD from 30 bars back and calculate the percent change

oldMACD = MACD(12,26,9)[30];
newMACD = MACD(12,26,9)[0];
maxMACD = MAX(MACD(12,26,9), 31)[0];

changeMACD = Math.Abs(100*(newMACD - oldMACD)/oldMACD);

// Get the price from 30 bars back and calculate percent change

oldPrice = Close[30];
newPrice = Close[0];

changePrice = Math.Abs(100*(newPrice - oldPrice)/oldPrice);

// Calculate if:
// MACDs are both > 0
// The MACD 30 bars ago was the max
// Stock has fallen

if (oldMACD > 0 &&
newMACD > 0 &&
oldMACD == maxMACD &&
newPrice < oldPrice)
{
result = (changeMACD / changePrice) * 100 ;
}
else
{
result = 0;
}

}
else
{
result = 0;
}

Plot0.Set(result);
}

Here's an example of a stock that the scan picked up a week ago (ATK)

Thanks for the code. I will try it on Ninja. It looks to me like a Stockcharts scan with SCTRs finds much the same thing.

[BullBear52x]

resistance broke

gap filled just now.

[Cobra]

possible targets.

[TradingJackal]

ES

[Al_Dente]

[fehro]

little bearish rising wedge?.. and channels on SPX 5m

[Cobra]

pullback too large, so forget about the targets, the bias still is up though. here's the common pattern.

[gappy]

322cyprus.png

Where did I read that France was the elephant in the room? Anyways I just shorted Terex cause Europe is a mess. Just for you Dr Al: http://www.youtube.com/watch?v=liKhLNY5GYI

[TraderGirl]

XIV... A pullback here would not necessarily be bearish...

this looks like a bull flag...

[johnnywa]

Canary in the coal mine IWM ????

[Xian]

322cyprus.png

If Cyprus was America:

"...plan requires Cyprus to come up with about $7.5 billion as its share of the bailout. That’s roughly a third of their GDP. To put that into local terms, it would be as if the United States were being asked to pony up $5 trillion."

http://www.washingtonpost.com/blogs/won ... s-america/

"hope you guessed my name......"

http://www.youtube.com/watch?v=vBecM3CQVD8

[L_T]

Canary in the coal mine IWM ????

That's what I was thinking this morning......

[Daniel-David]

After prolonged plunge taking it to a fresh loss YTD, Brazil etf EWZ testing its (still upslope) 200day MA. A possible place for a sharp snapback rally if emerging markets in general firm for the day..?