Parabolic Scan
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     bib
Member
Username: bib
Post Number: 13
Registered: 04-2007Rating: N/A
Votes: 0
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| | Friday, May 01, 2009 - 10:28 am: |  
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Hi Colin,
Any chance of adding Parabolic to our scans.
Parabolics are easy to follow and assist by providing logical stop loss point and an exit. Although once in the trader can use other indicators etc to exit. I sometimes use 'fast ' parabolic cross during a bullish 'slow' parabolic phase.
Being able to vary the Max steps and Acceleration as we can with the present indicator would be the way to go. That way the user can choose to use a slow or fast parabolic or both.
A weekly parabolic scan would also be useful if this can be done as it gives the trader the 'big picture'.
A fast parabolic is also useful to quickly identify price targets and resistance.
So overall parabolics assist with:
Entry point
SP Target and resistance
Logical Stop loss on entry
Exit
Although once in the trader can use other indicators through to completion of the trade.
Parabolics really only work in a trending market/stock so i would also like to see a scan for Twiggs Money Supply (TMF). For example a trader may only take a signal if the TMF 13 WEEK IS > 0 and/OR > than its 5 week moving average.
I would also like (if possible) for a position calculator to be built in, eg based on amount to risk in total, amount risked per share and the entry price.
Anyway just a few ideas.
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 3362
Registered: 09-2002Rating: N/A
Votes: 0
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| | Thursday, May 07, 2009 - 11:13 am: |
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Bib,
I have added this to our list for investigation.
Regards,
Colin
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pigsy
Member
Username: pigsy
Post Number: 2
Registered: 08-2007Rating: N/A
Votes: 0
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| | Tuesday, January 19, 2010 - 01:02 am: |
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Some great points three Bib. Love to see a Parabolic Scan too Colin. I always use it as a confirmation signal on entry. Would be nice to scan for it though so as to catch the entry point a little earlier.
In the meantime is there a scan available that can be used to emulate say a Parabolic SAR Maxstep 20%, Acceleration 2%. Thanks.
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bib
Member
Username: bib
Post Number: 176
Registered: 04-2007Rating: N/A
Votes: 0
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| | Tuesday, January 19, 2010 - 12:34 pm: |
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Hi pigsy,
I use parabolic 50 with 5% acceleration to avoid to much lag and use it to trade trends in the strongest sectors. Use TMF to identify a trend. Sort of like Swing Trading.
I would like to see a scan as it would save me a lot of time looking through charts.
Also interesting to apply weekly, monthly and daily Parabolics to the same chart. Gets a bit crampy but gives a long, medium and short term view.
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colin_twiggs
Moderator
Username: colin_twiggs
Post Number: 398
Registered: 06-2009Rating: N/A
Votes: 0
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| | Tuesday, January 19, 2010 - 01:03 pm: |
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bib,
Parabolic SAR is already on our filter request list, but we are running into constraints with the server -- you may have noticed that US screens are taking longer to complete -- and some new foundation work is required before we can expand further.
Regards, Colin
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bib
Member
Username: bib
Post Number: 178
Registered: 04-2007Rating: N/A
Votes: 0
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| | Tuesday, January 19, 2010 - 02:26 pm: |
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Thanks Colin, i understand these things are complex and take time.
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