MACD/Trendline Swing Trader

Frankly I haven't tried Sdesk for Volatility.. Have you? Telecharts shows the percentage a stocks has traveled up or down for the timeframe being viewed making it very easy to see the swing ability of a stock. By daily volatility I mean stocks that from day to day, violate prior highs and lows regularly as these are the first places I place stops if less than 3% away.

All scans run automatically.. how often I look for "strays" depends on my impatience due to lack of trades in my core set.. I really shouldn't but I am MUCH more picky with those...
 
A few triggers this morning.. Fertilizers and Refiners strong Builders weak... 10 positions way too many so some trimming or Ameritrade will do it for me... Forgot to set HES trigger..
 

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Quote from retire45:

Frankly I haven't tried Sdesk for Volatility.. Have you? Telecharts shows the percentage a stocks has traveled up or down for the timeframe being viewed making it very easy to see the swing ability of a stock. By daily volatility I mean stocks that from day to day, violate prior highs and lows regularly as these are the first places I place stops if less than 3% away.

All scans run automatically.. how often I look for "strays" depends on my impatience due to lack of trades in my core set.. I really shouldn't but I am MUCH more picky with those...
More...

In Strategydesk I have set up a scan based on the ATR (average true range). A portion of the scan is as follows:

(((AvgTrueRange[ATR,14,D]) / (ExpMovingAverage[EMA,Close,14,0,D])) >= .04)

I have created this myself, but it basically takes the ATR of the past 2 weeks and compares it to the moving average of the same period and returns any stocks where the ATR is greater than/equal to 4% of the two. This is how I've found stocks on a more volatile short term basis. As I've mentioned previously, I found short term high volatile stocks to be unreliable. I planned on taking this basic formula and adjusting it to find greater volitility on a weekly basis but less on a day by day basis as you have noted. Any thoughts or suggestions would be appreciated.
 
Covered DRYS since it "was" the strongest short.. Sold HOC (a VERY big bar), Sold CLR, Sold 1/2 VLO.. The sort of Gravity markets have here will slow down even commodities.. Trigger Short LEH just under 35.
 
Quote from buckoboy:

In Strategydesk I have set up a scan based on the ATR (average true range). A portion of the scan is as follows:

(((AvgTrueRange[ATR,14,D]) / (ExpMovingAverage[EMA,Close,14,0,D])) >= .04)

I have created this myself, but it basically takes the ATR of the past 2 weeks and compares it to the moving average of the same period and returns any stocks where the ATR is greater than/equal to 4% of the two. This is how I've found stocks on a more volatile short term basis. As I've mentioned previously, I found short term high volatile stocks to be unreliable. I planned on taking this basic formula and adjusting it to find greater volitility on a weekly basis but less on a day by day basis as you have noted. Any thoughts or suggestions would be appreciated.
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That will be the best scan ever... basically you are looking for stocks where when, say, the 7 day ma reverses it travels for min x days while gaining/losing x % WITHOUT violating a shorter (3?) ma against the trend...
 
Quote from retire45:

That will be the best scan ever... basically you are looking for stocks where when, say, the 7 day ma reverses it travels for min x days while gaining/losing x % WITHOUT violating a shorter (3?) ma against the trend...
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That's the intention. My previous folly was to only scan the volatility for a single time frame rather than taking a both longer and shorter time period in consideration. It should weed out quite a few in the process.
 
Hi Retire45,
concerning the scan with ATR I also was experimenting in the past generally: stocks with low daily ATR and with high weekly ATR. In other words with high ratio ATR (7,weekly) / ATR (7,daily) for example. These stocks must be about to explode. Anyway the traders estimation is also very important.
This is similar I think to the scan for NR7 bar.
 
Quote from epetrov:

Hi Retire45,
concerning the scan with ATR I also was experimenting in the past generally: stocks with low daily ATR and with high weekly ATR. In other words with high ratio ATR (7,weekly) / ATR (7,daily) for example. These stocks must be about to explode. Anyway the traders estimation is also very important.
This is similar I think to the scan for NR7 bar.
More...

Correct me if I am wrong but NR7 is the shortest bar of the previous 7, and it indicates there may be a breakout. I was more on the track of tall weekly bars composed of equally small daily bars. By not having large daily price movements, there would be less of a chance of being stopped out. But by having large weekly bars, there is enough price movement to take a weekly profit.
 
Did get out of CF for a pt loss... This Fertilizer bunch look the best chart-wise as do the perennial Coals (PCX!) but the Ferts look less risky. Refiners.. WNR, FTO, VLO, HOC... quite a show. Still having trouble wearing 2 hats at once, not believing different parts of the markets can be so incredibly opposite.. Here's hoping (a Taboo word in trading) HOV and TOL don't say anything positive in their reports this week.
 
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