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kmcintyre
 Veteran
  Posts: 132
Joined: 9/12/2007
Location: Valley Center, CA
User Profile |
Worth at least what you paid for them! lol
I am attaching 5 indicators.
indDTIYearOpen( Years )
indDTIMonthOpen( Years )
indDTIWeekOpen( Years )
These draw (and return) the Year, Month, and Week open price.
N probably has something that does this, but I often find it easier to just write what I want.
The Years param specifies how many years basck from the HRE I want the open pivots calculated and drawn for.
(This saves some processing time on charts where I have 30 years of data, such as SPY)
DTI = Diversified Trading Institute = Tom Busby
The open pivots are key to his trading approach
To me, they are just another support /resistance level, but what do I know...
indWOP52WeekHighs( Period )
indWOP52WeekLows( Period )
These indicators plot and return the number of new 52 week highs or lows detected in the previous Period bars.
WOP = Weekly Option Profits = my attempt at a super high hit rate weekly option income strategy
So many gurus call out 52 week highs and lows as important to picking stocks.
My twist is that a stock that has made 10 new 52 week highs in the past month is different than a stock that has made 1 52 week high.
I plan on using this in OmniScan and possibly a Filter block to find certain types of trades.
(Specifically stocks in strong uptrends and downtrends...)
Will it be helpful? I don't know. Many hours with Strategy Wizard should shed some light.
There are a couple coding nuggets in there somewhate.
Hope someone finds this useful.
Attached file : indDTIMonthOpen.txt (1KB - 209 downloads)
Attached file : indDTIWeekOpen.txt (1KB - 207 downloads)
Attached file : indDTIYearOpen.txt (1KB - 247 downloads)
Attached file : indWOP52WeekHighs.txt (0KB - 204 downloads)
Attached file : indWOP52WeekLows.txt (0KB - 217 downloads)
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Perry
 Member
Posts: 5
Joined: 4/19/2012
User Profile |
You need to be promoted to Super Star Status!
I use the Open of all of those timeframes. Simply put, if you are trading above the open of X timeframe you are going up, if below, it's going down. very simply to apply to everything.
Thank you for all of your efforts,
Perry
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kmcintyre
 Veteran
  Posts: 132
Joined: 9/12/2007
Location: Valley Center, CA
User Profile |
Thanks! That is how TBuz uses the open pivots, and he seems to be quite successful...
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