Thank You Spyder!!! This is precisely what I needed to duplicate the work. I am a bit old fashioned in that I like to know what the formula is in the off chance that there is no calculator around. I feel much better now Best Regards Oddi
Hey SpyderTrader, what value off the wealth-labs page do you use as "Rank"? I can't seem to find it anywere... Thanks, and my appologies if this has been answered already! -Teg-
Once you type in a symbol and click Execute ChartScript, the Score and Rank appear in blue text on he upper right side of the Chart Main Pane. If the stock has no Rank, the word None appears next to the word Rank. For easier viewing of the Chart, register at Wealth-Lab.com Web Site (It's Free) and adjust your personal settings to show fewer bars in the Main Pane Window. Be sure to Login each visit in order to insure your new personal settings apply to that Chartscript. You may also want to click the "Bookmark This Chartscript" link to save the Hershey Chartscript for future visits. - Spydertrader
Thanks so much Spyder, I've been reading this journal for a long time and I'd like to say that I immensely appreciate all your hard work, as much as I appreciate the patience and understanding to us newbs. For those of you who are blind like me, it's actually on the chart image, so using a text search and what-not will not find it. I'm sure everyone knows this by now tho... Thanks again! -Teg-
2005-07-11, Monday - Update This morning, I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up." Dry Up Stocks DCAI FORD JMDT JUPM TASR Our system generated four possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM. Dry Up Stocks Triggering Signal EZPW JUPM FORD VDSI Dry Up Stocks NOT Triggering Signal TASR EZPW DID show price improvement ($11.64) at time of signal generation (10:04 AM). In addition, MACD Histogram showed a positive return (+.0186). However, The Stochastic Indicator fell below desired levels (71.4388). As a result, I took no action with respect to trading EZPW. JUPM DID show price improvement ($19.57) at time of signal generation (10:04 AM). In addition, MACD Histogram showed a positive return (+.1128). In addition, The Stochastic Indicator fell above desired levels (82.0934). As a result, I entered into a long position with 1000 shares of JUPM. FORD DID show price improvement ($20.07) at time of signal generation (10:10 AM). In addition, MACD Histogram showed a positive return (+.4901). Also, The Stochastic Indicator fell above desired levels (95.2377). As a result, I entered into a long position with 1000 shares of FORD. VDSI DID show price improvement ($10.24) at time of signal generation (11:05 AM). In addition, MACD Histogram showed a positive return (+.0079). Also, The Stochastic Indicator fell below desired levels (53.3718). As a result, I took no action with respect to trading VDSI. I continue to hold all shares of MFLX. The trade particulars are as follows: JUPM Time: 10:05 AM Price: $19.59 MACD: +.1128 Stoch: 82.0934 Score: 5 FRV: 608,639 shares Peak: 1,217,279 shares 07/11/05 10:05 AM 19.59 19.56 19.59 1000 FORD Time: 10:10 AM Price: $20.08 MACD: +.4901 Stoch: 95.2377 Score: 4 FRV: 1,107,091 shares Peak: 2,214,181 shares 07/11/05 10:10 AM 20.08 20.06 20.08 1000 - Spydertrader
spyder, did you mean DCAI instead of VDSI? Looks like DCAI had a nice run up. I saw you had DCAI in Dry up and nothing about VDSI. sorry if I missed something and am asking an ignorant question, just got a little confused as to tracking VDSI and not DCAI Thanks again for your continued effort on your journal. Jerry2005
DCAI was not in dry up because previous day volume was 367,000, almost triple upper band dry up levels. VDSI was in dry up because previous volume was 194,000, less than the upper band of 275,000. The dry-up levels are calculated with volume not price action. Spyder..correct if I am wrong.
spyder, did you mean DCAI instead of VDSI? Looks like DCAI had a nice run up. I saw you had DCAI in Dry up and nothing about VDSI. sorry if I missed something and am asking an ignorant question, just got a little confused as to tracking VDSI and not DCAI Thanks again for your continued effort on your journal. Jerry2005
Kevin, I understand that dryup is calculated on volume and not price. their has only been about a thousand posts saying that. what I was referring to was the post on friday evening showing what was in spyders dry up post. He showed DCAI in dryup and VDSI with a score of 4. On his follow up today he showed DCAI in dryup and not VDSI. Yet he showed VDSI as triggering a signal. All I wanted to know was where did VDSI come from? I Don't recall seeing it anywhere except Fridays post with a score of 4. You answered the question regarding why it wasn't in dryup I didn't think that was the question I asked but I appreciate you answering that with the volume figures you had for it. thank you
No I meant VDSI. I use a template for posting to the Journal and I forgot to double check my post. Today's Dry Up Stocks should have been EZPW, FORD, JUPM, TASR & VDSI. I apologize for my typographical error, and thank you for bringing the discrepancy to my attention permitting me to clarify. I hope my discrepancy did not cause too much confusion. - Spydertrader