The advance/decline line indicator has issued a buy signal for Wednesday’s open. The green up arrows show the previous buys and the red down arrows show the corresponding sells.
Joined Nov 11, 2007
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Wood,
I forgot how this works. Am I looking for the advance green line to go below the lower bollinger band?
Hawaii, forget the green advancers. It is reference only. The signal is given by the decliners, red line. A buy signal is when it closes above the upper purple bollinger band. Sell signal is given when the decliners closes beneath the lower bollinger band.
Thanks!
Woodshedder,
As an exercise in light of GM’s much anticipated IPO next week, is it perhaps possible to figure out a system for IPO performance of a certain market cape size within the last 5 years, with the assumption of buying at the open and selling at the close, or selling the following day’s open/close?
Any insight would be appreciated, thanks!
That would be very interesting to run. I’ll query the Amibroker user’s list to see if anyone has already coded such a test.
How in the heck would you code the market cap portion? The rest should be fairly simple.
BarIndex() == 0;
Or some variation.
I have no idea about market cap. My initial thought was a liquidity filter, but then that wouldn’t work very well for IPOs since there is no average volume to generate the liquidity calculation.
Unsure if this is redundant to what you may have already tried/thought out:
Base liquidity on subsequent behavior (avg. volume of 2 million since IPO, restrict IPOs to certain price levels, such as greater than 15 average after IPO, etc.) and pick your universe of IPOs on that factor and compare vs. all IPOs within the last x years (excluding ETFS and funds, of course).