Startup All Time Low + OBVolume = Weinstein/Wyckoff

Startup All Time Low + OBVolume = Weinstein/Wyckoff

Hello

I would like to share my startup screener to detect accumulation and possible breakout inspired by Stan Weinstein and Wyckoff logic.

 

Why investing in startup?

Because it the most profitable strategy in term of % of gain and in time invested

The idea is to find an all time low and high volume activity (Bollinger Band breakout of OBV).

I personnaly scan startup and find in which business the company is active

Good luck and I am opened to feedback.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Papismedov Avram • 10/31/2019 #

    Hello Yannick. Thank you for sharing.
    You can replace your “All time low identification” (“for … next” lines) with one command:
    ATL = lowest[BarIndex](low)
    Good Luck

  2. Yannick • 10/31/2019 #

    Hi

    Thanks for code optimisation, it should faster@Avram
    @GraHal I run the screener on France alternext or similar market (startup or mining companies). The screener is designed mainly for start ups company at the begining of the start up of the upside trend , when “the death valley” of cash flow is met . This pattern occurs at different stages : prototype, first sales, new market introduction. The bottom of the valuation of a company is met

    OBV is expeted to be negative, because seeder and first investors before Initial Public Offering must have sold their shares for profit taking at the seed stage or different rounds of funding.

    The psychlogy behind this pattern is : at IPO, the company is losing money, everyone is selling, selling, the company lose money…… then the free cash flow becomes positive or expected earning. Some funds or insiders are buying , which indicated high volume activity. Then trend is launch , the price rise, and OBV is positive : more buyer than seller.

    I have learned this pattern with Twitter example last year in 2016 or with the financial education that I got with my personal startup project.
    Regards
    https://www.forbes.com/sites/martinzwilling/2013/02/18/10-ways-for-startups-to-survive-the-valley-of-death/

  3. Yannick • 10/31/2019 #

    This screener should as well with mining companies with strong cycles (exploration, development, mining)

    https://s1.qwant.com/thumbr/0x380/2/3/f57b93ba822c9b393705139451f5e304b431b2fe988f7c68ec885dbe6d1c4b/seven-strategies-for-rare-earths-hopefuls-nov-2012-greenfields-research-47-638.jpg?u=http%3A%2F%2Fimage.slidesharecdn.com%2Fsevenstrategiesforrareearthscompaniesjohnpsykes-13525514599671-phpapp01-121110064525-phpapp01%2F95%2Fseven-strategies-for-rare-earths-hopefuls-nov-2012-greenfields-research-47-638.jpg%3Fcb%3D1380052920&q=0&b=1&p=0&a=1

  4. JJ Tec • 10/31/2019 #

    Hola,
    Muy interesante la apreciación sobre empresas IPO, similar patrón de comportamiento lo he observado en acciones americanas nuevas (Tradeweb, Pinterest, )….la utilización del OBV para la detección de estas empresas es muy efectivo, particularmente, uso una modificación del OBV que captura el inicio de fases alcistas en gráfico diario y semanal. Tambien el indicador (al que he llamado remora), actua como un filtro efectivo para estrategias tendenciales.

  5. JJ Tec • 10/31/2019 #

    como puedo colgar una imagen?

  6. Yannick • 10/31/2019 #

    Hello JJ Tec, we can speak in english here (puedes hablar en espanol pero toda la gente habla ingles)

    https://www.prorealcode.com/topic/startup-atl-obv-wickoff-weinstein/

  7. Philippo • 10/31/2019 #

    nice, thanks

  8. Khởi Phát • 10/31/2019 #

    why can not use this code? when i copied after that paste in ambiroker it was run.

    • Nicolas • 10/31/2019 #

      We do not provide any code for Amibroker on our website. All codes are to be used with the ProRealTime trading platform.

  9. Yannick • 10/31/2019 #

    Please find an updated version with stocks below 200 average
    //ATL All time low identification
    ATL = lowest[BarIndex](low)

    //High volume activity
    myOBV = OBV(close)
    avgOBV=average[20](myOBV)
    stdevOBV=2*std[20](myOBV)
    BollUp = avgOBV+stdevOBV
    mm200=average[200](close)

    //ATL zone and volume activity
    c1=closeBollUP
    c3=close<mm200
    screener[ c1 and c2 and c3 ]

  10. Papismedov Avram • 10/31/2019 #

    Yannick,
    missing line of condition 2 “c2=myOBV>BollUP”

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+3 more likes

Related users ' posts
robertogozzi An updated version can be found here https://www.prorealcode.com/topic/conversion-of-pine-sc...
jissey Bonjour Robertogozzi, cet indicateur est interessant mais serait-il possible de marquer la ...
robertogozzi Sure, but you should start a new topic on the Probuilder support forum. Thank you :)
Fabian Hi Thomas, thanks for your explanations. Which indicator do you use in the screenshot ...
Thomas Thats On Balance Volume and Bollinger or SMA or what you want. It shows me the volume flow. ...
bertrandpinoy @MAKSIDE I would be grateful if you send me your version. have a nice day
LucioleLucide Clean view, thanks for sharing
dertopen hi where i can found the window for candle configuration?
paolosab69 Ciao! . I have seen the pictures that explain this metod but i don't understand when is mome...
Thomas
5 years ago
Thomas Como? no intiendo. Can you write in english . It works! Download the itf file.
Thomas New Version comin soon...
CHARLESRACHELLE OLA NAO SERVE PARA MT4?
Real Pro Great work gabri. I have this coded on Amibroker and I have done lots of backtesting but ne...
gabri Hi Real Pro, this indicator assists novices of the Wyckoff system. Wyckoff himself thought t...
tatie hi Gabri, I just came across the wyckoff method and was looking for the weiss wave indica...
GenesisEX Thank you all for your contributions this is a great submission. Thanks for your inputs.
tino Bonjour nicolas. Je ne parviens pas à recopier le screener de l'indicateur. Auriez vous la g...
Nicolas Quel screener svp? C'est dans un des sujets du forum? Merci de fournir le lien.
gabri Ha ragione in computer, ho sbagliato io BullAD = summation[period](ADvolbull*((Close-Low) –...
marcov66 Perfetto! Funziona. Grazie di tutto!
SkrHugo Bonjour, J'essaye d'utiliser le script avec le graphique renko mais sa ne marche pas, quelq...
MaoRai54 Hi, first of all Happy New Year. Well, I've inserted your indicator in DAX 1h but I cann...
Vinks_o_7 Hi Mao Happy New Year ! This is just an improved RSI where you plot a standard price momen...
JR1976 Dear Mike , your screener seem interest and simple... Do you try to envelope an automat...
Player Hi Mike, What is the name of the indicator just under the MMA ? Thanks Regards Marc
Igor Hi Mike, What is the name of the indicator just under the MMA ? Thanks Regards

Top