gscott66
7 posts
msg #31448
- Ignore gscott66 |
3/18/2004 1:11:41 PM
Can anyone please help me write a Triple Screen filter based on the one's that were introduced in both of Dr. Elder's books? I have tried with no lasting success. If you are not familiar with it, here are the parameters...Weekly MACD on the rise (above the zero line) and Daily Force Index below the center line. The 3rd screen must be monitored by intraday methods, so I don't think that needs to be filtered. If you have any additional input I would greatly appreciate it. I am a novice to SF, but have been impressed with the members of this group. Thanks in advance!
Scott
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gscott66
7 posts
msg #31452
- Ignore gscott66 |
3/18/2004 3:45:38 PM
If you do not have a Elder's books then visit http://www.investopedia.com/articles/trading/ for a great intro to his Triple Screen and Force Index.
Scott
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Boris
5 posts
msg #31471
- Ignore Boris |
3/20/2004 11:47:01 AM
Hi Scott
Here is my suggested filter for what you're looking for
However, there are a couple pf problems with this. My understanding of Elders approach is that the first level screen is supposed to determine the direction of the overall market. This can be done by looking at the main indeces (SP500, DOW etc), but I don't think this can be done with SF. The weekly MACD Histogram filter only relates to individual stocks.
Another problem is with the Force Index. This appears to be a value that can have a very big range, so although it's possible to screen for a value below zero, I think it would be extremely difficult to screen for a particular value or level.
I hope this is helpful
Boris
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gscott66
7 posts
msg #31475
- Ignore gscott66 |
3/20/2004 8:35:04 PM
Boris,
Thank you...I see what you mean...I had a lot of hits...but I will figure a way to narrow the list with price and volume and work from there...once again thank you!
Scott
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