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Message |
     ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 127
Registered: 10-2005Rating: N/A
Votes: 0
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| | Sunday, January 22, 2006 - 03:44 pm: |  
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I just did the following:
1. Screen for stocks with $1.00-$1.99 and volume > 500000 and create watchlist A
2. Screen for stocks with $2.00-$2.99 and volume > 400000 and create watchlist B
3. Screen for stocks with $3.00-$4.99 and volume > 300000 and create watchlist C
4. Screen for stocks with $5.00-$9.99 and volume > 250000 and create watchlist D
5. Copy D to E
6. Cycle through A-C and add each stock to E where E is now our 'Monitor Watchlist'.
I am moving away from screening exchanges and using IC Screener to screen a large watchlist which already takes care of the price and volume relationship.
At first I was upset IC didn't have a 'merge watchlists' feature but then I realised this wasn't the only problem.
Why do I have to constantly change the price field?
Why do I have to constantly change the volume field?
People don't actually want to screen for price and volume but their relationship. Why are they separated?
People should not screen for price and volume but something I call ADTC.
The reason is that price and volume on their own are meaningless. It's the combination of the two that has meaning which can be described as "Average Daily Trading Capitalization". I tried to calculate an acceptable ADTC above and I had to do a lot of things to arrive at the result. My manual result is not perfect either because my ADTC calculation is not flexible enough to allow for a variable price*volume calculation.
IC Screener should create a new field called ADTC and screen
ADTC_20 = closing_price * avg_20_day_volume > $1,000,000
ADTC_100 = closing_price * avg_100_day_volume > $1,000,000
The result is I will never have to specify a price or volume ever again but only:
ADTC
<> 20 day
<*> 100 day
Minimum Average Daily Trading Capitalization: [1,000,000]
Minimum Average Volume: [100,000]
Minimum Closing Price: [1.00]
Note: MADTC, MAV, MCP must ALL be satisfied to be a valid result.
This is a more precise way of finding the stocks we want to look at without having to change price fields and volume fields and having to save our results into seperate watchlists for further review.
Portfolio Positions
IC_AX: BLT, EGL, GPT, MXI, SEV, TTR, WOW
IC_US: ASO, BMET, BSQR, INOD, SFC, SYKE
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ohk
Lies, Damn Lies and Technical Analysis
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2354
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, January 23, 2006 - 12:12 pm: |
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Thanks OHK,
That is a valid point. We do plan to add a Value/Turnover filter to the stock screens.
Regards, Colin
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 186
Registered: 10-2005Rating: N/A
Votes: 0
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| | Wednesday, March 29, 2006 - 10:32 am: |
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I am just cross-linking to a related thread on liquidity.
http://forum.incrediblecharts.com/messages/9/769985.html
Portfolio Positions
IC_AX: BTA, CPU, FCL, SHL
IC_US: CNCT, COSI, EVVV, MTEX, NYB, OHI, SFC, VGR, WOLF
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ohk
Lies, Damn Lies and Technical Analysis
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 546
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Thursday, March 22, 2007 - 12:59 pm: |
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This would save me a lot of time.
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ohk
Lies, Damn Lies and Technical Analysis
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 641
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Sunday, August 12, 2007 - 07:44 pm: |
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*grumble*
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ohk
Lies, Damn Lies and Technical Analysis
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