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OmniTrader 2010 Technical Support
Guppy Scan
Last Activity 6/24/2015 2:45 PM
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Duxx

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Subject : Guppy Scan
Posted : 2/6/2010 3:43 PM
Post #19616

Hi - I have search thee boards for some ideas on how to scan for stocks that have the long term averages well separated and going up or down... with no sucess.

Any ideas on how to build a scan that delivers this type of stocks.


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Bruce Hands

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Subject : RE: Guppy Scan
Posted : 2/6/2010 6:04 PM
Post #19617 - In reply to #19616

Hi Duxx,

I'm not skilled at programming but there were two of us trying to accomplish the same objective late last year and we never came up with a solution. So it will be interesting to 'see' if anything along this idea can get accomplished.

It would really assist with short term trade set ups moving with the trend.

Bruce H
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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/6/2010 6:26 PM
Post #19618 - In reply to #19616

Duxx and Bruce:

Here is one I began to experiment with a short time ago. See what you think:





Tom Helget

[Edited by EYEGUY on 2/6/2010 6:28 PM]

Attached file : GMMA SCAN.png (57KB - 576 downloads)
Attached file : _GMMA_32_SCAN.otl (0KB - 168 downloads)

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Duxx

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Subject : RE: Guppy Scan
Posted : 2/6/2010 6:37 PM
Post #19619 - In reply to #19618

Thanks Tom - will report back....
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Duxx

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Subject : RE: Guppy Scan
Posted : 2/7/2010 10:56 AM
Post #19622 - In reply to #19618

Tom

Thank you for sharing the scan - I was looking something more along the lines of what Guppy calls the pull back to a trend. (Attached is the picture).....

My guess is that the scan you provided is more like the start of the trend, correct?

Any ideas how to accomplish the pullback to a trend...
Attached file : Guppy.jpg (184KB - 246 downloads)

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Duxx

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Subject : RE: Guppy Scan
Posted : 2/7/2010 11:57 AM
Post #19625 - In reply to #19618

Tom,

Im trying to locate my omniscan in the folders but have not been able to - doyou know what folder keeps all omniscan?

Thx
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Subject : RE: Guppy Scan
Posted : 2/7/2010 1:01 PM
Post #19626 - In reply to #19625

Tom,

Duxx photo looks like the J-Hook Transform.Somehow If it could be matched for Guppy we'd have something as that J-hook is Great!
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Subject : RE: Guppy Scan
Posted : 2/7/2010 1:55 PM
Post #19627 - In reply to #19626

You know I'm going to load OmniTrader on a Computer but still looking at the Photo Gmma < .15 then Loop looking for GMMA > .32 for x number of days appears to be the answer.
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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/7/2010 5:13 PM
Post #19628 - In reply to #19625

Duxx:

Go into OmniScan and right click on any list. One of the choices that will appear is the Import an OmniScan. Choose it and locate the OmniScans I posted and import them. You do not put the OmniScans into a folder, they have to be compiled.

Tom Helget
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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/7/2010 5:35 PM
Post #19631 - In reply to #19626

Scrappy:

For those who do not have it, attached is my J-Hook Pattern scan. For more candidates, eliminate line 2 highlished here:





And, Duxx, you are correct. My GMMA Scan is to find stocks already moving with both the short term and the long term averages separting indicating a trend situation.

Tom Helget

[Edited by EYEGUY on 2/7/2010 5:37 PM]

Attached file : ELIMINATE HIGHLIGHTED LINE FOR MORE CANDIDATES.png (2KB - 481 downloads)
Attached file : _J_45_HOOK_32_PATTERN.otl (1KB - 180 downloads)

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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/7/2010 6:01 PM
Post #19632 - In reply to #19622

Duxx:

The answer to your problem probably can be solved with the use of the GMMAOsc(9). Note how a pullback of the blue line in the oscillator to the red line indicates moves you have documented:




Also note the GMMA documentation:




Now, it is SuperBowl Sunday, dude, and I am missing the game. I will think about it some more and I encourage you to do the same.

Tom Helget

[Edited by EYEGUY on 2/7/2010 6:02 PM]

Attached file : GMMAOsc(9) May be of Assistance.png (47KB - 472 downloads)
Attached file : GMMA Oscillator Documentation.png (56KB - 460 downloads)

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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/7/2010 6:58 PM
Post #19633 - In reply to #19632

Duxx:

Well, there you go. You got my curiosity up! First I emulated the GMMAOsc(9) to make sure we were talking apples to apples. I created an indicator and the blue and red lines show good correspondence (however, not quite exact probably due to floating point calculations):





Now it is the blue oscillator line we want near zero. But, just how close? The oscillator can vary all over the place and so I arbitrarily set my scan to include just those values within 1% of zero when considering the GMMAOsc(9)'s values over the last 250 periods. So what we are looking for is the blue line above to be within 1% above or below historically of the zero line. I have attached the scan. See if it floats your boat.

Tom Helget

ADDENDUM: Please note my picture shows the indcator with an EMA, not an SMA as the EMA of the oscillator seemed to provide a closer match.

[Edited by EYEGUY on 2/7/2010 7:07 PM]

Attached file : GMMAOsc Emulation.png (89KB - 442 downloads)
Attached file : _GMMA_32_PULLBACK_32_TO_32_THE_32_TREND.otl (0KB - 155 downloads)

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Duxx

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Subject : RE: Guppy Scan
Posted : 2/7/2010 7:09 PM
Post #19635 - In reply to #19633

Tom, thank you - per our discussion in private post - here is another idea - this is only for longs and requires Wave Trader for the pull back. We may need to mesh the two (your scan and mine) to really have something pretty good in here. See attached

If others have some other ideas please let us know


Attached file : _Guppy.otl (1KB - 149 downloads)

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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/8/2010 7:41 AM
Post #19639 - In reply to #19635

Duxx:
n
I agree that the WaveTrader 2.0 priciples discussed by Jeff Drake in his trading video concur with the Guppy Pullback to Trend idea you have espoused.

Tom Helget

[Edited by EYEGUY on 2/8/2010 7:43 AM]

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EYEGUY

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Subject : RE: Guppy Scan
Posted : 2/8/2010 2:05 PM
Post #19650 - In reply to #19639

Duxx:

OK, I "fused" your scan with my concept. This will allow us to obtain both long and short GMMA candidates within 10% of the zero line of the GMMAOsc(9)'s total range of the last 250 trading days:





The green highlighted code is for longs and the red highlighted code is for shorts.


Tom Helget

[Edited by EYEGUY on 2/8/2010 2:10 PM]

Attached file : THE LONG AND THE SHORT OF IT.png (9KB - 431 downloads)
Attached file : _GUPPY_32_FUSION.otl (1KB - 182 downloads)

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Duxx

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Subject : RE: Guppy Scan
Posted : 2/8/2010 9:13 PM
Post #19661 - In reply to #19650

Thanks Tom!
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Subject : RE: Guppy Scan
Posted : 7/6/2011 9:29 PM
Post #24469 - In reply to #19661

Hi guys: I hope someone will be willing to pick this thread up again.

The latest solution has this line of code:

(R2VRatio(60)+R2VRatio(60)[60]+R2VRatio(60)[120])/3 > 6.8

I'm tracking up to there but get lost at this point.

What is the R2VRatio()?

Don
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julesrulesny

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Subject : RE: Guppy Scan
Posted : 7/13/2011 7:26 PM
Post #24568 - In reply to #24469

Hi Don,

Good question. I looked myself in the criteria library and couldn't find it.

perhaps could be a plugin that Tom owns that we do not. Perhaps he created his own "Fundamental criteria" and titled it "RV2ratio" which sounds to me like some kind of Revenue/volume Ratio perhaps? I'll look again, maybe I missed it..

I apologize that I do not have the answer.. but give it another day or so and maybe Tom or someone from Support will clarify it more..

In the meantime, what you can do is add the criteria yourself and see if it works!! then maybe you can figure out what it is, or isn't..
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Jim Dean

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Subject : RE: Guppy Scan
Posted : 7/13/2011 7:59 PM
Post #24569 - In reply to #24568

I believe that R2Vratio is a NClub confidential function, though I could be mistaken.

It's an abbreviation for Reward vs Volatility.
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EYEGUY

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Subject : RE: Guppy Scan
Posted : 7/13/2011 9:01 PM
Post #24571 - In reply to #24469

Don and julesrulesny:

The R2VRatio is the Range to Volatility Indicator that was introduced to Nirvana Club Members at the 2009 Nirvana Club Bash and is available only to Nirvana Club Members.

If you are a Nirvana Club Member you can read all about it on the 2009 Nirvana Club Bash page under "The Magic of the R2V Ratio" by Jeff Drake:

http://www.nirvanasystems.com/nirvana/NirvanaClubV2/members/bash2009/proceedings.asp

Just another good reason to joing the Nirvana Club!

Tom Helget
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Jim Dean

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Subject : RE: Guppy Scan
Posted : 7/13/2011 9:33 PM
Post #24572 - In reply to #24571

Thanks for the backup Tom and the correction in nomenclature.

This concept is one that I've documented from my own work done several years before N came up with that ratio. So I can speak to it a bit - in fact I recall having posted a long explanation of it many years ago in the N forums (probably lost forever in archives).

Nutshell:

Range to Volatility is just another way of saying Reward to Risk (as potentials). It can be determined by using historical price-swings as a measure of potential future Reward, and using historical ATR as a measure of potential Risk. Divide the price-swing by the number of bars it occurs over to get average profit per bar. ATR gives average risk-wiggle per bar. So, dividing the first by the second yields profit/risk ratio.

There are many ways I've used in the past for calculating the Profit swing. The most useful today would be to base it on the WaveTrader functions to indicate high low pivots. I've documented elsewhere how to find the bar-numbers associated with those pivots. Taken together, they provide a good potential measure of "ideal" reward.

I hope this helPs explain the concept better, and gives you some ideas about how to come up with your own solutions.

Or, as Tom suggests - join the Nirvana Club !!


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