Package: Progster's Moving Average 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 above/below their N- bar moving
average?"
With this package you can not
only answer that question immediately for any WatchList and
any value of N you like, but also very
quickly click and drag a set of pre-wired controls
that let you configure and test a strategy, with
instant visualization of your strategy setup, and
very rapid testing of the setup's historical
performance across your WatchList(s) of choice.
What It Looks Like
Here is a picture showing
the chart display:
Notice the composite indicators List%> and List%<.
For the MA lengths set with the sliders, these
indicators show you the percentage of stocks in the
chosen Watchlist whose prices are above or below the
selected Moving Average.
Video:
MA Percentages
Dynamic Color Usage
(after clicking,
please select 'Full Size' view)
How It Works
Clicking each slider specifies
the MA lengths for the Moving Averages you wish to
measure your Watchlist
against.
For the chosen WatchList (e.g.
Dow 20 Transportation components in the picture above), the 'List%>' indicator graphs the percentage of stocks
on the list which are above your chosen moving
average. The desired length of the MA is set
with the 'List > Period' slider. By
clicking along this slider to move it you can adjust for
a shorter or
longer MA length and see visually how often
market-revealing extremes of strength are produced.
On the flip side, the 'List%<' indicator graphs the percentage of stocks
on the list which are below your chosen moving
average. The desired length of the MA is set
with the 'List
< Period' slider. By clicking
along this slider to move it you can adjust for a shorter or
longer MA length and see visually how often
market-revealing extremes of weakness are produced.
This alone is a powerful
visualization technique that provides good insight
into market overbought/oversold conditions.
However, visualization is only the beginning.
Draggable threshold lines allow instant visual
definition of “oversold” (extreme List%<) and
“overbought” (extreme List%>) – with these settings
propagated through to dependent indicators and
rules, and ultimately into the BackScanner (StockFinder's
trading strategy
backtesting module).
Video:
MA Percentage Dynamic
Indicators
(after clicking,
please select 'Full Size' view)
This same dynamic treatment is given to a
Stochastic, which will be used to vet individual
stocks (in BackScanner #2) 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 horizontal 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.
All of the controls discussed
are wired into one or more BackScanner Rulesets that can very rapidly test
the results of trading the stocks in either the
reference WatchList, or a different WatchList,
providing you with both individual and collective
results.
(Note: sliders are active
controls. You can drag them, but
clicking is preferred and recommended because
dragging can sometimes overload the program.)
As provided, BackScanner #1
enters a long trade when the 'List%<' falls below your
MA threshold line (suggesting an oversold
condition). You can choose which type of MA to
use, and how much smoothing to apply by popping up
the indicator Edit pane.
BackScanner #1 exits long
trades when the
'List%>'
rises above the MA threshold line you have set for
it (suggesting an overbought condition).
This setup lets you test any list for trading
against any other list for OS/OB calculation,
showing-off the
predictive power of the composites all by
themselves.
Video:
MA Percentages
Dynamic BackScanner #1
(after clicking,
please select 'Full Size' view)
BackScanner #2 implements sequential rules that
apply the dynamic Stochastic to each tradable.
Instead of going long as soon as the List is
oversold, we buy when:
So, with two MA Period sliders to click, two list
threshold lines to drag, and two Stochastic
threshold lines to drag, it only takes seconds to
set up a new test and pass it off to a
BackScanner.
Video:
MA Percentages
Dynamic BackScanner #2
(after clicking,
please select 'Full Size' view)
Only StockFinder and CodeForTraders together make
complex list-based testing as easy as click and
drag!
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:
Video:
Dynamic Measuring
Toolbar
(after clicking,
please select 'Full Size' view)
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 as 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.
