Tripple Cross-overTripple Cross-over(mcsteiny)
If anyone is interested, this is what I have done: I wrote a scan called the "Tripple Cross-over."
1) cpratsch's STOC41.5 Turn-up
2) 5 dma crossing 13 dma
3) (Note: DID NOT USE THIS ONE) TSV8 Before crossing zero
4) MACD2,22 Before crossing zero
5) Volume increasing last 2 days
(Note:) I didn't use the TSV8, because I use a narrower price band, and I got '0' hits, and MACD seems to pull it in anyway. The TSV8 and MACD2 scans are supposed to put you just crossing the last number before zero. I use 2 Tripple cross-over scans. One with the STOC41.5 Turn up, and also a STOC23.4 Turn up, if no hits with the STOC41.
a) I set up a Tab in TC2000 with a DAILY Bar chart, with the zoom at 4, and MA's of 40,13,5, exponential.
b) The middle window is a TSV8, simple, with 13 dma, simple.
c) The bottom window is a MACD2,22, simple, with a 13 dma, simple.
d) I set up another tab next to it, with RSI's, with the top one being a RSI13,3, which is used as the short term selling point, when it goes over the top. Thank's to cpratsch for the idea.
When the 5 dma crosses up through the 13 dma, and the 13 dma has started to turn up, and TSV8 is crossing zero, and the MACD2,22 is crossing zero, and the volume has increased for 2 days, or a big spike, it is the start of a move upwards for that stock. It doesn't just happen when big moves in the stock market occur... it happens in smaller moves, all the time in many stocks. Check PPRT and look for the tripple cross-over in about Wednesday. If I would have bought in then, I could have bought for about 9.70. A day and a half later, it went to 11.38, and then by Friday, it backed down to 10.78 as it started going over the top of RSI13,3, and out for a nice little profit. Check it out.
Mimurry: Tripple Cross-over(mcsteiny)
I thought I would try and give you some more information if you are going to try it. I have been busy testing it. I have tried
many different configurations, and have come up with a few conclusions. First... the Tripple Cross-over can probably work very well in a market rally, or a up market. I check each day in 'SignalWatch,' for a forcast opinion by Ed Downs, of the Dow that day, and what he thinks will happen the next day, and what to look for as far as levels during the next session. If the market is negative, I would try something else.
Also, I forgot to say in my repost to set the MACD in item 4 to a histogram. It is used as a visual indicator, with the TSV8.
I tried creating several different types of Tripple Cross-over scans. I tried leaving out the "MACD before crossing zero," and using item #3, "TSV before crossing zero," with the "TSV slope indicator" PCF, with the slider set at rank. Using the slope indicator, I tried using the top 10%, the middle 30%, and the bottom 25%. It worked, but not great! If you want to experiment with the TSV, for short term trading, use a period between 9 and 12. The TSV is unique because it also indicates accumulation, and distribution, by measuring the amount of money flowing in or out of a stock. That helps visually, and is why I used it in my tab, and still use it. The reason I took out the MACD, is because I discovered that the MACD is a TREND indicator, and TSV, RSI, and STOC, are OSCILLATORS indicators, and are better suited for this purpose. The OSCILLATORS, appear to be driven by price, and the MACD by time. I also tried using RSI as the primary scan PCF, and I have concluded that perhaps they over control the scan, along with even "5dma crossing 13dma, putting the price to far past the "Pop." I am trying to also catch that Pop, or spike if you will, just before it happens. I am still testing, but it might be enough, just to use:
1) STOC41.5 Turn-up
2) 5 dma increasing
3) 13 dma increasing
4) Volume increasing last 2 days
or, with minimum volume 70,000 optional;
5) (In Wordens fundamental criteria)
"EPS Percent Change (Latest Quarter)"
*This should enhance the probability that the stocks will increase in price, rather than tank. No guarantee though! It is the percentage change in earnings per share from the comparable quarter a year before. Timely stocks will usually have strong recent quarterly earnings to validate the annual earings strength. It reads in percentage.
6) (In Wordens technical criteria)
"Price per share" your range.
I use this scan along with the other conventional Tripple Cross-over's. This one usually narrows down to hits in the teens. Then I copy it over to a bulleted directory, and visually go through them, eliminating some, and tagging the ones I want. I have set up other tabs with RSI, STOC, and MACD's. Experiment with them, and use all of your indicators on the tabs, they will help. I also do the fundamental things, such as check the news, get a rating in IBD, etc. I have made some money so far... however, I have restrained myself, until I can test this further. I have even been doing intraday scans on TC2000, trying to catch the Tripple Cross-over, and nail it. I'm still working on that also, so I don't have a lot to report. I hope I have helped... I hope this scan works for you or anyone else trying it. Change it... improve it... make it work! I would be interested to know how you have done with it. Good luck!
"If you always do... what you always did... you'll always get... what you always got!"