If you want to fail as a trader, study TA

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Quote from Mysteron:

I use the free screener Finviz to do initial screening for various criteria and obtain a csv file containing ticker symbols plus a lot of unimportant crap. Unfortunately Finviz can screen ATR but not daily range or ADR. Then I use my own code in matlab (I doubt many here have heard of that) to extract the tickers and get the historic shareprice data from Yahoo and calculate and plot ADR and an estimate of volatility. The result is lots of jpg files which are viewed with the free Faststone image viewer which can generate contact sheets, one page of which is attached below. The process takes me a few minutes. The next step is visual inspection to select for AR.
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Very impressive MN:) and you know that I have the contact sheets patented:D

Excel is much easier, and requires very little knowledge of programming.

I have about 50 mini charts per A3 page, so, that is 5 double sided sheets for the entire S&P 500, which, can be scanned with the B&E approach very quickly:cool:

BTW, I have more than the AR contact sheets patented:D

TE
 
Quote from gktk:

TE: Re: automatic scans

I have setup scans for minimum ADR, price ranges that correspond to my account size as well as % of 30 day average volume compared to current volume ie trying to see if / where "the generals" might be leaving their tracks.

This still brings up a fair few stocks (30+), any recommendations on how to further bring this down to a manageable level as they are seem like ideal trading candidates ie what can i look out for to further bring it down ?

I am thinking last daily range is a NRB so potential for WRb is greater

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DT is the only one who seems to have taken the AR seriously, and actually set up his own little automated scans:)
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Hmmm, GK, you are starting to think correctly:)

Up to now, we have just covered the basics, for, you will never win the race if you back a lame horse, so, first step is to get the odds on your side by backing horses that run faster than others:D

So, now that we have our horses lined up, what next:confused:

For beginners, this is a very good place to start.



You are now nearly ready to start gambling, so, make sure you GWTF and avoid being sucked into a place where you should not be
:eek:

TE

Beta = 0.79

The index is assigned a beta of 1.0. A stock with a beta of 1.5 would be said to exhibit 50% more volatility than the index, meaning that it the index rises (or falls) 8%, the stock would be expected to rise (or fall) 12%. A stock with a beta of 0.8 would be 80% as volatile. One with a negative beta would be negatively correlated--it would be projected to "zig" when the market "zags."

Liquidity Ratio = 922,456

A measure of how much dollar trading volume is required to move a stock's price up or down by one percentage point. The ratio is calculated by adding the daily percentage changes of a stock's closing price for each trading day of the month. Absolute values are used — only the magnitude of change, and not the direction. Then the total dollar volume for the month is divided by this total-percentage-change figure.

A high ratio indicates a stock that requires relatively heavy trading to move its price. A low liquidity ratio indicates a stock that moves on relatively light volume.
 
Thanks Mysteron for your overview. I use Finviz as well as it is a great tool for filtering the fundamentals if I am looking for longer term prospects.

Will take a look at Fastone to visualise the potential price movements rather than trawling through a long list of numbers.

Quote from Mysteron:

I use the free screener Finviz to do initial screening for various criteria and obtain a csv file containing ticker symbols plus a lot of unimportant crap. Unfortunately Finviz can screen ATR but not daily range or ADR. Then I use my own code in matlab (I doubt many here have heard of that) to extract the tickers and get the historic shareprice data from Yahoo and calculate and plot ADR and an estimate of volatility. The result is lots of jpg files which are viewed with the free Faststone image viewer which can generate contact sheets, one page of which is attached below. The process takes me a few minutes. The next step is visual inspection to select for AR.
More...
 
I would say it's HIG and beta is 3.25 (or 3.21 according to finviz)

it's float short is 3% which tells me most holders are long so greater potential for an increase ?

And it current vol relative to last 3 months is about the same so if volume starts increasing this could be due to such a high number of inst. holders


Quote from The Expert:

I found a Beta scanner in about 10 seconds:D

Lets see what one of the tickers look like?






AIM...READY...FIRE:D

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Any way that makes you GOOD money:D

No more clues are required, for, I have given away too much already, and, I have been told to cool down a bit:mad:

From now I will sit back and watch, and add a little bit here and there.

My last chart posting:mad:



TE
 
Quote from The Expert:

Any way that makes you GOOD money:D

No more clues are required, for, I have given away too much already, and, I have been told to cool down a bit:mad:

From now I will sit back and watch, and add a little bit here and there.

My last chart posting:mad:

TE
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Hmm... so there are others lurking in the shadows:cool:

There may not be much to watch though, as, many posts were a response to your posts :)

Interesting chart, with trendlines. The sombre grey background reminds me of the office decor where I work, its meant to have a soothing effect!

Thanks TE, don't go away completely now :D
 
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