Spydertrader's Jack Hershey Equities Journal

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Actual volume for HRT has surpassed the 25% pro-rata DU Volume level and actual volume for GDP has surpassed the 50% pro-rata DU Volume level. However, price on both stocks remains lower than yesterday. As a result, I take no action regarding these two signals.

- Spydertrader
 
Our system generated no additional signals today as actual volume failed to exceed calculated Dry Up Volume for our Watch List Stocks. At 11:30 AM, all our Watch List stocks show a price lower than the previous day except for SWIR. Volume for SWIR currently sits at half its Dry Up calculation and well below yesterday's volume of 1.37 million shares. Of our three Dry Up Stocks with a G33M4K master list score of zero (ESMC, GDP & SWIR) only SWIR shows some price improvement. However, trading volume in SWIR remains extremely light.

- Spydertrader
 
Spydertrader, thanks for the detailed reply and additional clarification. I think I understand now what you're saying regarding the DU volume calculations.

Although I'm not a WL coding expert by any means either I have attached a modified version of the original chart script with the additional calculations based on what you described in your reply. If you would, let me know if these look correct or if I'm way off base.

For grins I've also added dkm's 30% of 65day avg volume as well as some other minor gee-whiz features. I will add the DU cycle and the TC2000 calculations soon so people will have those if they want them.

Thanks for your help.
 

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Quote from johnc99:

If you would, let me know if these look correct or if I'm way off base.
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Although I suspect others following this Journal have far more Wealth Lab experience than myself, I will gladly assist you and review your efforts.

- Spydertrader
 
Sevens - Ones - Zeros
RCKY - JUPM - KFRC
ECPG - EAGL - AMX
ASPM - MTEX - NTAP
URBN - UTHR - PTRY
NGPS - MRVL - TNP
TNP - UNA - DPTR
PTRY - CREE - HUM
KFRC - VCLK - SFCC
DPTR - EEFT - DRIV
HUM - CTXS - FFIV

Hotlist

NGPS
FFIV
JUPM

Watch List

IDSA - Du Cycle - DU5
ESMC - Du Cycle - DU5 - DU10
BCSI - Du Cycle - DU5 - DU10 - DU20
TASR - Du Cycle
LWAY - Du Cycle - DU5 - DU10 - DU20
HRT - Du Cycle - DU5
SWIR - Du Cycle - DU5
EVCI - Du Cycle - DU5
JUPM - Du Cycle
ENWV - Du Cycle - DU5
HANS - Du Cycle
BAMM - Du Cycle
VSEC - Du Cycle - DU5 - DU10
LIFC - Du Cycle
ANIK - Du Cycle - DU5 - DU10

SRVZ Wealth Lab Equations - Dry Up

ENWV
MKTW
VSEC

G33M4K Score for the above Stocks

ENWV - 1
MKTW - 1
VSEC - 0

Gallas2 "Keep an Eye on These" Stocks

PMTI (Attached)

Dry Up Stocks with G33M4K Master List Score of Zero

BCSI
ESMC
HRT
VSEC

(VSEC, IDSA, HRT, LWAY, NVEC & NGPS have float outside normal parameters)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=644170>
 

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Quote from johnc99:

I will add the DU cycle and the TC2000 calculations soon so people will have those if they want them.
More...

Thanks for sharing your efforts with the journal. I have no doubt; many here appreciate your efforts. Without running through "the math" involved with the numerous Dry Up Volume Calculations, it appears you remain "on the right track" with regards to DU Volume Automation. The numbers appear to trend accurately and in the correct direction. I also like the background color change to green for stocks currently in dry up. Some of your calculations appear to come from the low of one price bar to the high of another price bar. If you plan to use these calculations for future optimization (or to create buy and sell signals for back testing and monte carlo simulation), you may wish to use 'open' or 'close' numbers vs 'low' to 'high' calculations on gains. This will provide you more 'real world' calculations as it remains highly unlikely one would enter on the low of one day and exit on the high of another. If you use these numbers simply to grab the number of 20% price increases, then no need to alter them for future calculations. If you plan to add additional DU Volume calculations, you may wish to have your data output print to a 'comments' window below your charts. Currently, the data prints to the price bar 'main window' and in short order will become quite cluttered.

Again, since my expertise with Wealth-Lab code is limited at best, you might have an expert like srvz review the system to catch any oddities either of us may have missed. Overall, I think your efforts resulted in a substantial improvement, and feel many will find benefit from its use. Keep up the great work, and I look forward to your future enhancements.

- Spydertrader
 
Thanks very much for reviewing the script, glad I'm on the right track.

Great idea about the comments window, it IS becoming a bit nuts.

I'm just using the peakbar/lowbar variables for determining the 20% price moves, but I see what you're saying.

I look forward to any further contributions I can make.

-JohnC99
 
Hi Guys

For some reason ET's auto mailer did not sent me an e-mail notifying me of new messages. So I'm a bit behind. :)

I need to catch up. :)

Take care.
 
Quote from johnc99:

Thanks very much for reviewing the script, glad I'm on the right track.

Great idea about the comments window, it IS becoming a bit nuts.

I'm just using the peakbar/lowbar variables for determining the 20% price moves, but I see what you're saying.

I look forward to any further contributions I can make.

-JohnC99
More...

Hi John

Thanks for posting your WL script. It looks very good.

I have already posted the TC2000's equations in WL script format. My post is within this thread. They are based on DKM's summary.

Thanks for your efforts and this is yet another step in automating JH's method.

Take care
 
One more thing, John:

It may be more efficient and feasible to breakdown the various DU, Peak and FRV volumes, into seperate functions. I attempted to do this but for some reason, the results did not match that of the origional script.

I will see if I can make another attempt at this.

Take care.
 
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