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Re: njbk post# 998

Thursday, 11/13/2008 9:30:00 PM

Thursday, November 13, 2008 9:30:00 PM

Post# of 1986
Let's see. Starting at the bottom:

I like your use of the "20 period SMA crossed below 200 period SMA (5 minute)" - that's what it's supposed to do.

You can use window specific filters to show stocks sloping in specific direction. For example if you are using the "20 crossed BELOW 200" alert, you'd want to reinforce that downward movement with filters. One easy filter to select is the Max Up from Open filter. Put a value of -0.05 in this filter to only show stocks that are down 5 cents or more since the open. You could also describe what the last 5, 10, 15,30,60 minute candles look like by entering negative numbers in the Max Price filters for these periods.

That should help.

Your listed items are almost modeled in Trade-Ideas.

1) Use the filters describing the behavior of the S&P, Dow, and NASDAQ to only show you alerts when these markets are moving in the same direction (in this case down)
2) While we dont have an alert for opposite direction to 200 SMA, we do have great alerts like the standard deviation alerts (BT) and positive/negative divergence from VWAP that do the same thing from a slightly different basis. Worth checking out.
3) Consolidation alerts are good for finding 'balance' states where buyers and sellers are evening out.

Good luck
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