HL Pct Dynamic

Package: Progster’s HighLow Percentages Dynamic for StockFinder

A very powerful answer to have is the answer to the question:

"What percentage of the stocks on my WatchList are making new N-day lows (or highs)?"

With this package you can not only answer that question immediately for any WatchList across multiple values of N, but also very quickly drag composite level threshold lines that let you configure and test a trading strategy, with instant visualization of your strategy setup, and very rapid testing of the setup's historical performance across any WatchList of stocks.

What It Looks Like

Here is a picture showing the layout:

Notice the composite indicators %NH, and %NL. Each displays 5 lines (N= 5, 10, 20,30, 40) which indicate what percentage of the stocks in the selected WatchList (Dow Transports in this case) are making an N-day high or low. But that’s just the beginning.

Draggable threshold lines allow instant visual definition of “oversold” (extreme %NL) and “overbought” (extreme %NH) – with these settings propagated through to dependent indicators and rules, and ultimately into the BackScanner (StockFinder's trading strategy backtesting module).

This video shows the dynamic list thresholds in action:

Video: Dynamic Thresholds in Action

This same dynamic treatment is given to a Stochastic, which will be used to vet individual stocks after the composite conditions are met.

Notice how the StochHigh and StochLow markers display the overbought and oversold areas, while the StochXDn and StochXUp markers display when the Stochastic departs those areas.

These markers will change dynamically as you drag around the green and red Stochastic threshold lines. Typically, you would only display the Stochastic itself (so you could drag and set the lines), while the markers “capture” your definitions behind the scenes for use in buy/sell rules.

How It Works

The WatchList chosen in the chart is the one upon which the %HN and %HL composites are calculated.

Once you drag the lines to define desired levels, you can take advantage of the two provided BackScanner setups with just a few clicks of the mouse.

BackScanner #1 tests trading any stock (or list of stocks) based simply on the %NH and %HL composites alone. This test buys (goes long) when the reference list is oversold, and sells (gets flat again) when the reference list is overbought. IOW, buy when the composite dips, and sell when the composite rallies.

This setup lets you test any list for trading against any other list for OS/OB and see the predictive power of the composites all by themselves.

BackScanner #2, though deceptively simple in appearance, is much more sophisticated.

The rules for BackScanner #2 are sequential rules that apply the dynamic Stochastic to each tradable. Instead of going long as soon as the List is oversold, we buy when:

	the List is oversold, and then
	the individual stock is crossing back up out of it’s personal oversold territory

We sell the long positions when:

	the List is overbought, and then
	the individual stock is crossing back down out of it’ personal overbought territory

So, with two composite threshold lines to drag, and two Stochastic threshold lines to drag, it only takes seconds to set up all 4 lines, readying the next test.

Only StockFinder and CodeForTraders together make such sophisticated testing so completely simple to do!

Hey, did you know you can signal the N100 based on the Transports?

What else don’t you know? What else do you think you can discover in a day or three of working with a product like this one? Have a look at how easy it is:

Video: Quick and Easy Dynamic BackScans

Features

The provided StockFinder layout has been carefully constructed to be easy to use, easy to understand, and easy to modify/customize.

Special features include:

	Pre-constructed multi-N %NH and %HL composite indicators
	Dynamic threshold lines on composite and Stochastic indicators
	Overbought/Oversold in-area and leaving-area indicators
	Simple and Compound trading rules dynamically wired to draggable thresholds
	Main WatchList displays stocks passing trading rules NOW
	Any list can be test-traded against composite behavior of any other list

What You Get

This package was designed for and tested with Worden StockFinder 4.0, Build 67, using Daily data. (It should work identically on intraday data.)

The package is delivered as a fully disclosed StockFinder layout (.sfLayout) file. You will be able to extend and customize the layout if desired.

Questions and discussion are welcome in the product forum .

What It Costs

Days of effort have been applied to the creation and refinement of this layout. This powerful form of visualization and testing can be yours right-away for only $130.

How You Get It

This package will be emailed to you after your PayPal payment is processed.
Please be aware of the caveats before you order.
Use either the 'Add to Cart' or a 'Buy Now' button to order.