If you missed this April 27, 2023 Zoom event, don’t worry, the recording is now available from the link at the end of this post. (FYI it expires on May 10th).
In this 2-hour session, Ray Foreman, UK Director of WinWayCharts covered
Getting Started Right with WinWayCharts – Making the Most of Your WinWayCharts – An hour-long session with UK Director Ray Foreman covering the power features in your WinWayCharts platform – great for new clients and those getting started.
In the second half Steve Hill, founder of WinWayChartss built a list of ETFs to trade just about everything and ran it through analytical tools.
Steve also created data files and list files for the ETFS. These are zipped and available below
ETF data files are here – unzip to your /wintes32/tdata folder. Then go to Data Manager, Utilities, Rebuild Master Ticker List.
ETF List files are here – unzip these files to your /wintes32 folder.
Thank you for your continued support of WinWayCharts services. Recently we have been working on an EDS scan to find double tops and bottoms. We’d like to share with you the progress and how to add this to your WinWayCharts. This is the code used in the scan (you don’t need to know the code but it’s there for your information).
There’s always room for improvement, but you can get a hold of this scan. This file is available for download from here
This may save to a download folder on your system. We suggest you move it to the path C:/wintes32/EDS strategies/Chart Pattern Strategies folder.
To run this strategy automatically after your nightly download of data
– Open Data Retrieval, and select the EDS Post Processing tab.
– Select add, and in the Open, Look in C:/wintes32/EDS strategies/Chart Pattern Strategies folder for db3.EDS
– Select Open and the strategy will run every night for you.
Here’s the results on the Sp1500 run on 1/3/2023
While not perfect, we hope this scan will be of use to you in your trading process.
In her article in the December 2022 issue of Stocks and Commodities, “Short-Term Continuation And Reversal Signals,” Barbara Star describes modifications to the classic directional movement indicator (DMI) and commodity channel index (CCI) that can aid in more easily identifying price reversals and continuations in a trend. Traditionally, the DMI is comprised of two lines: a positive line (+DI) and negative line (−DI).
In her article, Star creates a DMI oscillator by subtracting −DI from +DI. Historically, the DMI uses a default length of 14. In the article, this has been shortened to 10. The CCI has also been adjusted in the article to use a length of 13 instead of the usual 14 or 20. The oscillator is setup using an AIQ Color Study
The importable WinWayCharts EDS file can be obtained on request via email to info@TradersEdgeSystems.com. The code is also shown here:
! Short-Term Continuation And Reversal Signals
! Author: Barbara Star, TASC Dec 2022 ! Coded by: Richard Denning, 10/21/2022
C is [close].
H is [high].
L is [low].
H1 is valresult(H,1).
H2 is valresult(H,2).
L1 is valresult(L,1).
L2 is valresult(L,2).
GreenDMI if [DirMov] > 0.
RedDMI if [DirMov] < 0.
StartOfDownTrend if C < simpleavg(C,18) and [DirMov] < 0 and H < H1 and H1 > H2.
StartOfUpTrend if C >= simpleavg(C,18) and [DirMov] >= 0 and L > L1 and L1 < L2.
GreenTrend if C >= simpleavg(C,18) and [DirMov] >= 0.
RedTrend if C < simpleavg(C,18) and [DirMov] < 0.
Code for the author’s color study is set up in the WinWayCharts EDS code file. Figure 7 shows the color studies set up in the charts module. Figure 8 shows the color studies on a chart of Apple, Inc. (AAPL). The black bars are potential entry points in the downtrend.
FIGURE 7: WinWayCharts. The color bar setup in the charts module is demonstrated.
FIGURE 8: WinWayCharts This shows an example of the color studies applied to a chart of Apple, Inc. (AAPL) with a DMI histogram and an 18-bar simple moving average.
it’s been a challenging market this year, and making trading decisions has never been easy. Which direction the market is likely to move plays a huge part in stock trading decisions.
The Expert Rating system on the market with its combination of 400 rules on the Dow 30 index and the NYSE internals has always provided us an early indication of direction changes.
No system is infallible, and when the Expert System on the market was created, we noticed that ratings of 95 or higher to the upside or downside (maximum rating is 100 btw) were significant. We also noticed a marked improvement in the accuracy of the ratings if we used a confirmation technique with a momentum indicator.
After much research, we discovered that the Phase Indicator (a version of a MACD histogram) was the most accurate tool to confirm high ratings.
*** Here’s how we use Phase to confirm a high Expert Rating. ***
When a rating of 95 up or 95 down is triggered on the market, we look for the Phase histogram to change direction. The change in direction must be to the direction of the rating. This change does not have to happen on the day of the rating, but it must occur within 2 to 3 days on either side of the rating day.
If the Phase does not change direction, the rating is considered not confirmed.
This short video analysis of the last 4 ratings shows this process in action.
In this recent Zoom video Steve Hill, founder of WinWayCharts discusses the Group and Sector Reports, using them to identify groups that are moving up. He then uses Darren’s indicators to focus in on potential stock candidates within these groups.
If you missed this April 27, 2023 Zoom event, don’t worry, the recording is now available from the link at the end of this post. (FYI it expires on May 10th).
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