GM334K Download a 30 day trial of Wealthlab Pro from Fidelity: http://personal.fidelity.com/products/atp/content/download.shtml This is what I used to code the above system. I think you will find this tool very useful. Take care.
Currently, alcoa (AA) does not rank in the top 80% to 90% of RS and EPS. In addition, alcoa does not currently have a 'rank' using the Hershey Chartscript at Wealth lab. As a result, alcoa does not currently fit into our universe. - Spydertrader Full Disclosure: Both I, and members of my immediate family, have owned shares in Alcoa for many years. I continue to buy a few shares each month through a "long term" investment account. Alcoa remains one of 25 companies (spread across 12 economic sectors) in which I own shares (and continue to purchase monthly) based on a long term "investment" time horizon.
Is this the same as the Wealth Lab Developer program you suggested I use? In other words, the code works across all platforms (web site, developer, pro)? - Spydertrader
Yes, it is. I have an account with Fidelity and I may want to pursue this version as the data is probably much cleaner than what QCharts gives me. The problem is that Fidelity requires an incredible number of trades in order to qualify to use this version.
I want to stress that there is nothing revolutionary here, just trying to focus on one of an entire field of nuggets. Context and operating points are CRITICAL and will be necessary for backtesting. Context = high quality stocks and the duration for which the equity is high quality, PERIOD! If this can be programmed, no doubt your results will be even better and furthur reduce your drawdown. Operating points need not consider bull markets nor bear markets. The day our high quality stocks take a bear plunge, the people dynamics of the market will have been altered in some severe and/or profound way. Thus, to backtest, most if not ALL operating points must be identified, the result will otherwise be whipsaw or marginal systematic returns since the system will repeatedly misidentify the current and transitional operating point/state of the equity. The importance of the derivative is a crucial tiny step to identify the anticipatory operating points (what's next???)... I don't know how to demonstrate this more cleanly. At the very least, the lagging problem has been addressed. I presume that for now, figuring out when to identify congestion will help. How is that determined? Volume will be key, I am sure (the other 1/2 of PV). How do I do that, hopefully it can be worked out. What seams to be better than raw Volume is Tick Volume since raw volume is extremely noisy. I am hoping that all this can lead to a cleaner and clearer score progression without any of the choppiness of raw PVA/D scoring. Kind Regards, G33M4K the Newb
BCSI closed at $19.93 and did NOT make it to FRV status. NAVR closed at $16.39 and DID make it well into FRV status, and ALMOST to peak volume levels. - Spydertrader