NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

glassy and other TA guys, OT kinda:

About charting. That's a nice chart btw glassy, thanks for posting it.

(For anyone not interested in TA this is probably going to be boring, please skip to the next post lol)

For you and any other TA guys out there, I'm building a chartscript, or series of chartscripts, in Fidelity's WealthLabPro, that will give me a heads up by scanning the charts of 200-400 stocks I like (or am in) every day and telling me when an indicator(s) has given a buy or sell signal.

Right now I've got one running using W%R which I've found to be a pretty good "early warning signal" presaging a move in one direction or the other. I use it on a one year daily chart, but chartscripts can be configured to scan weekly charts as well.

If you were to put together a group of indicators that together you feel have been the most effective in generating good signals, what indicators would you use?

Further, what "move" in those indicators to you like to see?

As an example, with the W%R I have found that when that indicator crosses 80 heading towards 100, then re-crosses 80 going the other way (towards 0), that is a good time to be paying attention with a buy in mind.

At the other end, when W%R has crossed 20 heading towards 0, then re-crosses 20 heading the other way (towards 100), that's a good time to be paying attention with a sell in mind.

That chartscript I've written for W%R looks for those events and signals when the "event" has transpired. Beats the heck out of having to actually look at 400 charts to see these "events", and REALLY beats the heck out of noticing a price move then checking the chart only to find that the "signal" was given 3 days and 10% ago LOL.

Anyway, like I said, I'm looking for input as to "favorite" indicator movements by any of you that you have found are good pre-indicators, as these can all be incorporated into one complex chartscript, or perhaps a series of chartscripts.

As always, knowledge of other variables, upcoming news etc, overrides or modifies the application of pure TA to the buy/sell decision-making process, but it sure helps "me" to quantify this stuff to help take some of the emotion/fear/greed out of the picture.

Thanks in advance for any thoughts and sorry for the lengthy post.

GO NEOM!

jonesie