When trading your penny stocks as a technical trader developing your filters, buy signals and sell signals are critically important.
To assist in developing your trading method Penny Stocks to Watch is here to help provide you with filters and formulas. Today we have our most recent trend filter for metastock we have been reviewing, its about as simple as they come and basic to read:
MetaStock Formula
ColA
3 month trend with min 10% increase from 3 month close
(C>(Ref(C,-60))AND
C>(Ref(C,-40))AND
C>(Ref(C,-30))AND
C>(Ref(C,-20)))AND
C>(Ref(C,-60)*1.1)
ColB
Trend check - Stock hasn't closed below the close 20 period ago, for the last 20 periods
BarsSince(C<(Ref(C,-20)))
Filter
(colD AND colE)
AND colE>20
To assist in developing your trading method Penny Stocks to Watch is here to help provide you with filters and formulas. Today we have our most recent trend filter for metastock we have been reviewing, its about as simple as they come and basic to read:
MetaStock Formula
ColA
3 month trend with min 10% increase from 3 month close
(C>(Ref(C,-60))AND
C>(Ref(C,-40))AND
C>(Ref(C,-30))AND
C>(Ref(C,-20)))AND
C>(Ref(C,-60)*1.1)
ColB
Trend check - Stock hasn't closed below the close 20 period ago, for the last 20 periods
BarsSince(C<(Ref(C,-20)))
Filter
(colD AND colE)
AND colE>20
