The following items make up the filter component of my Buy Long Order method, which is filtered with MetaStock and is currently in use and in profit.
1. Three days of higher highs and higher lows.
H > Ref(H, -1) AND Ref(H, -1) > Ref(H, -2) AND Ref(H, -2) > Ref(H,-3) AND
L > Ref(L, -1) AND Ref(L, -1) > Ref(L, -2) AND Ref(L, -2) > Ref(L,-3)
2. Today's close higher than the close 6 & 12 weeks ago.
C > (Ref(C,-60)) AND C > (Ref(C,-30))
3. MACD greater than 0 and higher than yesterday's MACD.
MACD() > (Ref(MACD(),-1)) AND MACD()>0
4. The 14 day RSI is higher than yesterday's.
RSI(C, 14) > (Ref(RSI(C, 14),-1))
5. The stock has created a 6 month high within the last 15 days.
HighestSinceBars(1, C=HHV(C,130),C)<15
6. The closing price has not tracked against itself and created a low for the month.
LowestSinceBars(1, L=LLV(L,20),L)>20
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