| Author |
Message |
     moleman
Member
Username: moleman
Post Number: 262
Registered: 10-2003Rating: 
Votes: 1
|
| | Monday, June 04, 2007 - 09:15 pm: |  
|
G'day
Many people here use TMF as one of their indicators. For me it's one of my main ones and for a while now I've wanted to be able to do scans using it. Then the breakthrough - why not code it myself! So I got free data from www.float.com.au and wrote a program to get rid of option codes and add in the last close when there was no volume. Later I plan to add code changes and splits. Then I wrote some other code to scan for strong TMF.
Currently I'm scanning for companies in the ASX 500 that have on average at least $500,000 turnover (using a 10 day SMA of close*volume) and have 21-day or 100-day TMF at least 0.1725. I figure 0.2 is a strong value but I want to catch the up and comers.
It would be good to get some discussion going on what parameters to use for a scan. That way we may provide food for thought for Colin for when he adds TMF to the IC scan. Also, as you can see by the results, TMF seems to be very useful for identifying strongly trending shares. I'm happy to maintain a list as it will be useful for my trading and will hopefully generate some more posts in the long term section.
What do you think? Worth doing?
Here's the first list, ordered by strength of 21 day TMF. The 1.0 in the "JoinList" column means the share was added to the list today. I'm not tracking what has been removed, but could post the complete list weekly so it's clear.
cheers
MM
Security Name TMF 21 TMF 100 JoinList Ticker Symbol
FLX 0.5564 0.4261 0.0000 FLX
MAE 0.5422 0.2257 0.0000 MAE
SPH 0.5272 0.2396 0.0000 SPH
FMG 0.5014 0.3192 0.0000 FMG
WTF 0.4687 0.2005 0.0000 WTF
UXC 0.4478 0.3573 0.0000 UXC
MCC 0.4353 0.2084 0.0000 MCC
RJT 0.4344 0.0986 0.0000 RJT
COA 0.3906 0.1352 0.0000 COA
CMW 0.3888 0.1577 0.0000 CMW
RRT 0.3856 0.2020 0.0000 RRT
RAT 0.3831 0.3051 0.0000 RAT
QGC 0.3795 0.2606 0.0000 QGC
OGD 0.3704 0.1738 0.0000 OGD
MGX 0.3611 0.2498 0.0000 MGX
EWC 0.3573 0.2214 0.0000 EWC
TRU 0.3558 0.2667 0.0000 TRU
AWB 0.3548 0.1638 0.0000 AWB
GAA 0.3544 0.1276 0.0000 GAA
NOD 0.3505 -0.0720 0.0000 NOD
GBG 0.3404 0.1643 0.0000 GBG
TZN 0.3338 0.1306 0.0000 TZN
MAH 0.3278 0.2239 0.0000 MAH
AED 0.3275 0.2098 0.0000 AED
FXL 0.3253 0.2739 0.0000 FXL
EBB 0.3188 0.2758 0.0000 EBB
PMM 0.3187 0.1936 0.0000 PMM
RNY 0.3149 0.2688 0.0000 RNY
STO 0.3128 0.1301 0.0000 STO
GNS 0.3126 0.1967 0.0000 GNS
AIX 0.3099 0.1889 0.0000 AIX
AZA 0.3053 0.2206 0.0000 AZA
BCM 0.3007 0.1949 0.0000 BCM
PMA 0.2969 0.3377 0.0000 PMA
CSM 0.2915 0.1749 0.0000 CSM
RIC 0.2882 0.1569 0.0000 RIC
GRD 0.2835 0.2336 0.0000 GRD
JML 0.2693 0.2194 0.0000 JML
IRN 0.2652 0.2028 0.0000 IRN
PLF 0.2620 0.1239 0.0000 PLF
HWI 0.2543 0.2075 0.0000 HWI
CAB 0.2448 0.0981 0.0000 CAB
LEP 0.2419 -0.0843 0.0000 LEP
CUV 0.2417 0.1286 0.0000 CUV
DMP 0.2396 0.0719 0.0000 DMP
MCQ 0.2374 0.2568 0.0000 MCQ
OSH 0.2373 0.0999 0.0000 OSH
SMX 0.2332 0.1442 0.0000 SMX
ILF 0.2314 0.2410 0.0000 ILF
BSG 0.2242 0.1337 0.0000 BSG
SHL 0.2231 0.1033 0.0000 SHL
SMM 0.2208 0.1845 0.0000 SMM
LNN 0.2199 0.0362 0.0000 LNN
FUN 0.2169 0.1046 0.0000 FUN
AEP 0.2164 -0.0069 0.0000 AEP
APD 0.2144 0.0422 0.0000 APD
CHC 0.2134 0.1729 0.0000 CHC
BMX 0.2110 0.1414 0.0000 BMX
IIN 0.2080 -0.0019 0.0000 IIN
WHG 0.2074 0.2542 0.0000 WHG
BOQ 0.2071 0.1403 0.0000 BOQ
NHC 0.2069 0.1288 1.0000 NHC
GNC 0.2051 0.2532 0.0000 GNC
CIF 0.2035 0.2904 0.0000 CIF
ABP 0.2020 0.2526 0.0000 ABP
TRS 0.2000 0.1648 0.0000 TRS
FWD 0.1972 0.2294 0.0000 FWD
IGO 0.1937 0.1139 0.0000 IGO
MXG 0.1913 0.0966 1.0000 MXG
HVN 0.1905 0.1249 1.0000 HVN
KCN 0.1847 0.1007 1.0000 KCN
TOL 0.1839 0.0409 1.0000 TOL
VPG 0.1834 0.1174 0.0000 VPG
MCG 0.1815 0.0586 0.0000 MCG
MGR 0.1778 0.0588 0.0000 MGR
SLM 0.1772 -0.0085 0.0000 SLM
AAN 0.1600 0.2134 0.0000 AAN
AUB 0.1489 0.1987 0.0000 AUB
TLSCA 0.1487 0.2163 0.0000 TLSCA
SGN 0.1469 0.1825 0.0000 SGN
BEC 0.1446 0.1798 0.0000 BEC
MMX 0.1376 0.1760 0.0000 MMX
EQT 0.1154 0.3832 0.0000 EQT
AEZ 0.0566 0.1898 0.0000 AEZ
|
ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 602
Registered: 10-2005
Rating: N/A
Votes: 0
|
| | Tuesday, June 05, 2007 - 12:48 pm: |
|
You can't see the forest through the trees.
I think the real point is to kill 'IC scan' and implement a programming interface where each user can do what you did inside of IC -- create their own functions and scanners.
---
ohk
Lies, Damn Lies and Technical Analysis
|
moleman
Member
Username: moleman
Post Number: 263
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Tuesday, June 05, 2007 - 09:21 pm: |
|
Hi Ohkoolnutz
I agree, having a programming interface would be great but I think you're dreaming if you think its going to happen anytime soon. For one thing, to do it Colin would need to supply corrected data which means subscription fees would be a lot higher and I think the IC niche is making charting available at an affordable price. Also designing and writing a language interpreter would be a huge job for a single developer (just Robin right?) as the task doesn't naturally fit with what's done now which is to pre-calculate all the scan values overnight. Can't see it happening soon...
Well at least one person thinks this is a good idea so I'll keep going for the moment. Hopefully it will prove useful and generate some discussion on how the search can be improved and the shares that come up.
Additions to the list are CPA, DOM, DRT, FLT, MAP and ROC.
cheers
MM
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 2912
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Wednesday, June 06, 2007 - 08:39 am: |
|
Moleman,
Our development team are Robin & Kim.
Introducing a language interface is unlikely to happen in the next year: we have our hands full with drawing tools, indicators, stock screens & intra-day charts (hourly & minute bars).
The most sensible route is to find an existing interface and adapt it to our purposes. That would cut development time down to a mere 6 - 12 months.
Regards,
Colin
|
moleman
Member
Username: moleman
Post Number: 264
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Wednesday, June 06, 2007 - 08:59 pm: |
|
Hi Colin
Sounds good to me. Are you still going to take a vote of what people see as the most important to finish? I reckon stock screens/language interface would be right up there...
Shares added to the list are CIL, IWL, MCG, REU, SMX, TAP
I'm also playing with a second scan where 21 day TMF must increase by 0.06 in one day, 0.12 over 2 days or 0.18 over 3 days to try to capture early strong movers. This gave:
SMY, SMX, SLX, PEM, MMX, MGW, MDT, CIL, CEY
cheers
MM
(Message edited by moleman on June 06, 2007)
|
moleman
Member
Username: moleman
Post Number: 268
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Friday, June 08, 2007 - 12:46 am: |
|
IIN, SGL, CEY added
|
moleman
Member
Username: moleman
Post Number: 270
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Friday, June 08, 2007 - 09:15 pm: |
|
NHC, MXG, MGR, SSX added
|
moleman
Member
Username: moleman
Post Number: 273
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Wednesday, June 13, 2007 - 12:33 am: |
|
The updated list sorted by 21-day TMF. I've added a column to display the weekly % change. You can see some big drops where TMF remains strong. For example CPR dropped 20% and FLX which was the top of last weeks list dropped 13%. Which goes to show you can't just use one indicator in isolation... Would identifying increasing TMF be more useful?
Security Name TMF 21 TMF 100 JoinList %inc Ticker Symbol
CIL 0.8696 0.4722 0.0000 -2.1277 CIL
WTF 0.4866 0.2321 0.0000 4.7525 WTF
FLX 0.4436 0.4063 0.0000 -13.3106 FLX
MAE 0.3738 0.2001 0.0000 15.2892 MAE
UXC 0.3700 0.3390 0.0000 -4.4444 UXC
JML 0.3611 0.2481 0.0000 15.2000 JML
TRU 0.3508 0.2649 0.0000 0.3331 TRU
CPR 0.3496 0.2758 0.0000 -20.1278 CPR
TZN 0.3487 0.1439 0.0000 -2.8481 TZN
RAT 0.3463 0.2661 0.0000 0.4484 RAT
QGC 0.3436 0.2596 0.0000 0.4049 QGC
EWC 0.3421 0.2191 0.0000 14.2857 EWC
NOD 0.3361 -0.0530 0.0000 -4.0000 NOD
EBB 0.3358 0.2816 0.0000 -3.3943 EBB
SMX 0.3311 0.1761 0.0000 3.8869 SMX
PMM 0.3286 0.2035 0.0000 3.7500 PMM
MAH 0.3162 0.1944 0.0000 -1.3889 MAH
FMG 0.3121 0.2693 0.0000 -12.8773 FMG
MCC 0.3093 0.1884 0.0000 -11.7735 MCC
RRT 0.3077 0.1494 0.0000 -1.1628 RRT
GAA 0.3018 0.1222 0.0000 -6.8965 GAA
FXL 0.2982 0.2695 0.0000 -0.6452 FXL
AED 0.2964 0.2061 0.0000 -1.2097 AED
KMN 0.2952 0.1605 0.0000 7.4257 KMN
OGD 0.2833 0.1460 0.0000 0.0000 OGD
ABP 0.2833 0.2965 0.0000 -0.4878 ABP
DRT 0.2776 0.1431 0.0000 2.9703 DRT
COA 0.2773 0.1216 0.0000 -3.7217 COA
MCQ 0.2760 0.2629 0.0000 3.7825 MCQ
BCM 0.2566 0.1834 0.0000 -4.5801 BCM
GNC 0.2549 0.2639 0.0000 6.2128 GNC
GNS 0.2534 0.1859 0.0000 -5.3824 GNS
MGX 0.2527 0.2169 0.0000 -5.2863 MGX
GBG 0.2506 0.1607 0.0000 21.9512 GBG
AIX 0.2438 0.1792 0.0000 3.9216 AIX
SSM 0.2415 0.2039 0.0000 0.2564 SSM
AEP 0.2336 0.0035 0.0000 1.2048 AEP
SSX 0.2257 0.1402 0.0000 -1.0989 SSX
BSG 0.2252 0.1359 0.0000 -1.6667 BSG
LEP 0.2247 -0.0829 0.0000 0.4556 LEP
IRN 0.2226 0.1973 0.0000 10.7143 IRN
CHC 0.2222 0.1653 0.0000 -2.5974 CHC
GRD 0.2189 0.2158 0.0000 -1.2766 GRD
DOM 0.2123 0.1733 0.0000 0.3922 DOM
PLF 0.2077 0.1456 0.0000 -3.0043 PLF
HWI 0.2069 0.1978 0.0000 0.0000 HWI
SLX 0.2062 0.1076 1.0000 14.2727 SLX
STO 0.2047 0.1075 0.0000 -3.5971 STO
CSM 0.1938 0.1575 0.0000 -5.0847 CSM
REU 0.1859 0.1394 1.0000 1.4778 REU
NHC 0.1831 0.1235 0.0000 8.7432 NHC
AAC 0.1826 0.1205 1.0000 7.1698 AAC
MGR 0.1813 0.0725 0.0000 -2.2337 MGR
CMW 0.1779 0.1589 0.0000 0.4237 CMW
IIN 0.1768 -0.0082 0.0000 -4.1475 IIN
BOQ 0.1758 0.1358 1.0000 -2.1949 BOQ
IGO 0.1728 0.1124 1.0000 0.8065 IGO
SMM 0.1695 0.1748 0.0000 -17.8947 SMM
ILF 0.1695 0.2398 0.0000 -0.7326 ILF
SGN 0.1464 0.1807 0.0000 -2.0202 SGN
AAN 0.1386 0.2027 0.0000 -1.2426 AAN
FWD 0.1336 0.2173 0.0000 -6.1522 FWD
BEC 0.1328 0.1855 0.0000 -4.6070 BEC
WHG 0.1105 0.2231 0.0000 -2.6820 WHG
CIF 0.1056 0.2671 0.0000 -2.5287 CIF
TLSCA 0.0170 0.1940 0.0000 -4.0816 TLSCA
RNY 0.0155 0.2706 0.0000 0.0000 RNY
AEZ 0.0140 0.1978 0.0000 -6.3433 AEZ
|
lafee
Member
Username: lafee
Post Number: 563
Registered: 04-2003
Rating: N/A
Votes: 0
|
| | Wednesday, June 13, 2007 - 01:27 am: |
|
If you have an export data function you can program anything you like with standard programing languages or even excel.
All you need is the data.
Cheers Lafee.
Don't ask an academic if what he does is relevant
|
moleman
Member
Username: moleman
Post Number: 274
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Thursday, June 14, 2007 - 02:21 am: |
|
CRT, FLT, IWL, MCW and SGL added. MAH is on the list and closed at a 1 year high today. As mentioned by 007 in the short term section, $1.15 is the ATH from 1997 so it will be interesting to see if it proves to be strong resistance...
|
moleman
Member
Username: moleman
Post Number: 275
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Friday, June 15, 2007 - 10:20 am: |
|
ZFX, VEA, STO, QAN, MMX, AWB, AIM added.
|
moleman
Member
Username: moleman
Post Number: 277
Registered: 10-2003Rating: N/A
Votes: 0
|
| | Saturday, June 16, 2007 - 10:48 am: |
|
CTO, DUE, OSH, WES and SMM added.
|
|
Auto-Fit Trendlines