Screener for market phases

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Viewing 11 posts - 16 through 26 (of 26 total)
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  • 05/04/2017 at 9:52 AM #34499
    Marcel van Vliet

    Ok,

    This topic seems to be quite dead, pitty we can not come any further.
    @Grahal can you point me out how to get your flattened MA with % deviation, that will detect a Stage 1 and 3 on my charts?

    Thank you ……

    05/04/2017 at 2:03 PM #34515
    Nicolas

    Stages 1 and 3 would only be identified once the market has been already in a price range since a while. It would also be the case for stages 2 and 4 though .. So how do you jump into a trade at stage 2 or 4? What is the trigger? Breakout of recent highest high or lowest low?

    05/04/2017 at 2:16 PM #34516
    Marcel van Vliet

    I think the flattened MA with % deviation from Grahal is worth to test it. It must be possible to find any given MA on any given timeframe that stays flat during stage 1 and 3.

    My entry trigger depends on the price action of that moment. This can be a breakout, a (50%) retrace or a often used candlestick setup. As long as it fits my entry trigger criteria it wil do.

    05/04/2017 at 3:19 PM #34530
    GraHal

    For some kind soul (like Nicolas, although he is much overworked!) to code up a Strategy for us we need to define criteria. (I know you know this Marcel but it focuses both our minds?).

    The flattened MA I showed just happened to be on my Chart I think it was a MA(60) and x % deviation should be a good Trade entry point during a horizontal Range / Stage 1 or 3.

    So let’s keep it simple, to get the ball rolling?

    • End of Stage 1 or 3 Entry:        x% deviation from MA(y)
    • Existing Stage 2 Entry:             Breakout from HH
    • Existing Stage 4 Entry:             Breadown from LL
    • Exit at any Point:                       Failure to make a HH or LL (double top or bottom).

    Retracements often start and finish with a double top / bottom, especially on lower TFs?

    We can add to above as we go along, for example dojis, haramis and more?

    GraHal

    05/04/2017 at 5:13 PM #34563
    GraHal

    Hi Marcel, in an earlier post you say … my English language is too poor to translate the coding manual … if you use the Chrome browser and right click you can select the option to translate from and to any language.

    Technology is wonderful 🙂

    GraHal

    05/04/2017 at 8:11 PM #34572
    GraHal

    Re above / the ‘Guide Translator’ … it was just a thought so we can amend / add to any System together without using up others valuable time?

    Also I just realised that you were originally asking for a Screener. What you reckon … we go for an Auto-Trade Strategy then we can Backtest and see if our ideas are any good!? 🙂

    GraHal

    05/04/2017 at 8:35 PM #34574
    Marcel van Vliet

    The main idea was a screener indeed, because the phases have proven to be consistently profitable for a long time. It would help me a lot if a screener determs the phase any given stock CFD is in. My research time, beside my trading and writing activities, is too limited to concentrate on developing a full strategy. I will help where possible and I guess with the screener I will save time to invest in the development of the strategy.

    My latest idea about the flattened MA with % deviation is to add 4 colours, so when a phase is changing the colour of the MA will change as well. Usable?

    05/04/2017 at 10:24 PM #34579
    GraHal

    I guess the problem with coding a Screener is … what stage of the Stage 1, 2, 3 or 4 is the code looking for / defining? A Screener can only check a single bar at the time of running the Screener.

    You mention …  add 4 colours etc … a Screener either ‘pulls’ or not? How do you see colours as part of a Screener? Or are you thinking of an Indicator?

    Even if we went for an Indicator which marked up /  labelled a Chart with Stage 1, 2, 3 or 4 then I would think it’s a very clever man who can do … particularly as we are not very forthcoming with definitions / criteria?

    I thought an Auto-Strategy might be easier to code? May get some ‘output’ from this Thread?

    GraHal

    05/05/2017 at 12:09 AM #34583
    GraHal

    I said above … screener can only check a single bar at the time of running the Screener … which is not correct.

    But a Stage / Phase Screener would need to decide which Stage (1 – 4) the bar that just closed is part of?

    Wow … it’s more complex than I thought … you agree Marcel?

    GraHal

    05/05/2017 at 8:29 AM #34598
    Marcel van Vliet

    Yes, it is complex to translate the maket phases to a screener, but if we take a step back, you mentioned pretty good criteria,

    • End of Stage 1 or 3 Entry:        x% deviation from MA(y)
    • Existing Stage 2 Entry:             Breakout from HH
    • Existing Stage 4 Entry:             Breadown from LL

      To capture phases 1 and 3 we can think of using the PRT automated support and resistance lines and maybe tweaking those  lines to later defined criteria.
      As for the colours I think a coloured version of the MA wil do.

    08/27/2022 at 1:36 PM #199714
    jonpt88

    Too bad that this topic never resulted in an indicator? Looks super interesting.

    2 users thanked author for this post.
    avatar Marcel van Vliet, avatar GraHal
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