Trend Template by Mark Minervini

Hi Nicolas,The results are not identical
 
ma200 = Arevage(200)

//c4 = summation[20](ma200 > ma200[1]) = 20
c4 = summation[20](Average[200] > Average[200](1)) = 20
 
My interpretation:
// Trend Template by Mark Minervini Opti ?

ma50 = Average[50]
ma150 = Average[150]
ma200 = Average[200]

c1 = Close > ma200
c2 = Close > ma150
c3 = ma150 > ma200

//c4 = summation[20](Average[200] > Average[200](1)) = 20
c4 = ma200/ma200[25] > 0.025

c5 = ma50 > ma200
c6 = ma50 > ma150
c7 = Close > ma50

c8 = Close / Lowest[252](low) > 1.3 //dochian
c9 = Close / Highest[252](high) > 0.75 //dochian

IF c1 AND c2 AND c3 AND c4 AND c5 AND c6 AND c7 AND c8 AND c9 THEN

Trend = 1

ELSE

Trend = 0

ENDIF

Return Trend

 
WHEN TO SELL ?
Earlier in the thread, cfro mentioned :
LO, Andrew W. and HASANHODZIC, Jasmina (2010) The Heretics of Finance : Conversations with Leading Practitioners of Technical Analysis. (New York : Bloomberg).
There is a great chapter in the book comprising an interview with Stan Weinstein. It offers some terrific insights relevant to the “Stage 2”. Among these are the following :

Weinstein explains that he does in fact base his trading on the use of three moving averages : 50-day, 150-day and 200-day : exactly as described by Minervini. This was not revealed in his book Secrets for Profiting in Bull and Bear Markets. Perhaps he just wanted to keep it as simple as possible in the book by only referencing the 150-day MA.

What I think is potentially the most important new point : Weinstein goes on to explain how he uses the three moving averages as a mechanical exit rule, which he says he never ever deviates from.

If price falls below the 50-day MA he will sell one third of his position, unquestionably – as risk management.

If price rises back above the 50-day MA, he will consider buying back the third he sold (but would not necessarily do so). 

However, if price continues to weaken and goes below the 150-day MA he will sell another third.

Finally, if price falls below the 200-day MA he exits the remainder of his position.

Essentially, while he does not say it in exactly these words, Weinstein believes that any volatility that occurs while the price remains above its 50-day MA, is ‘volatility to ignore’. However, if the 50-day MA is breached : start to use the rules described above.
Not mentioned by Weinstein, a further “warning signal” that could/should demand defensive action, is when the 50-day MA crosses below the 150-day MA.
A mantra of Weinstein and so many other gurus is KEEP YOUR LOSSES SMALL !
Weinstein’s system seems a sound one for helping to do this. The thread has offered insights from both Weinstein and Minervini on when to BUY Stage 2 stocks.
Weinstein’s system offers objective criteria for when to SELL, which is often one of the hardest investment decisions to make.
We all know we should run our winners. While the 50-day, 150-day and 200-day moving averages are all rising and all in the correct “traffic light” order, and last but not least, price remains above all three moving averages : the technicals, according to Weinstein, say : “stay in the stock”.
Source:h**p://shareinfo.myfastforum.org/archive/the-stage-2-pub__o_t__t_1151.htmlh**p://stockbee.blogspot.fr/2017/05/how-to-setup-mark-minervini-trend.htmlEnjoy ^^