Slow stochastics and MA scan

ratbhatt
ratbhatt ✭
in Scanning
I was reading an article and landed on the above the green line website. Out of curiousity I was wondering how would I write those scans. Things that I noticed is that if the slow stochastics is crossing 20 and moving upwards, and the stock is above 250 MA then it seems to be a good sign of entry. I was wondering how in my query will I write that the stock is now cutting the 20 Stochastics line and moving upwards. I have attached a snapshot for reference. Any help how to query that would be really helpful.




Thank you
Ratul

Comments

  • ratbhatt
    ratbhatt ✭
    Also when the 10 ma is rising. Don't know how to write this rising MA or cutting the 20 line and moving upwards.
  • markd
    markd mod
    edited April 2017
    See my answer to this question to get up to speed on the basics of scanning.

    http://scan.stockcharts.com/discussion/1130/stochastic-crossover#latest

  • ratbhatt
    ratbhatt ✭
    Hello @markd sir. Thank you once again. So I wrote this scan. [type = stock] AND [Daily SMA(20,Daily Volume) > 40000]
    and [country is "Canada"]

    and [[Slow Stoch %K(14,3) x Slow Stoch %D(14,3)]]

    What I still dont know is how to write if its crossing/cutting the the 10 MA line.

    And another thing is if there is any additional things I should write to the query to make it more solid then please advise. Thank you
    Ratul
  • ratbhatt
    ratbhatt ✭
    Refined it further



    [type = stock] AND [Daily SMA(20,Daily Volume) > 40000]
    and [country is "Canada"]

    and [[Slow Stoch %K(14,3) x Slow Stoch %D(14,3)]]
    and
    [close x sma(10,close)]

    and [close > 2 days ago high]
  • ratbhatt
    ratbhatt ✭
    But the problem with this query is that its returning me all results which for which the stochastics line is above 50 as well. What am I doing wrong not sure.
  • markd
    markd mod
    Slow Stoch is an oscillator. It's possible values are 0 to 100. If you want to know whether %K or %D is greater than, less than, or crossing above ( >, < or x) some value, like 20 or 50, or 80 (which are between 0 and 100), then you would but %K or %D on one side of the operator, and some value on the oscillator scale on the other side of the operator.
  • ratbhatt
    ratbhatt ✭
    Understood. I dont know how to write this as I am still struggling but basically if there was a way to scan for situations like these. Please look at the arrow. the stochastics line is now cutting 20 and moving upward. I want to scan at these regions mainly. I will probably add volume and MA which I am comfortable to write by myself now.


  • markd
    markd mod
    @ratbhatt What operator would you use to express "cutting above" 20?
  • ratbhatt
    ratbhatt ✭
    I should be perhaps using the 'x' operator no? Basically my end goal was to see if the stochastics of the stock is below 20 due to a lot of selling pressure and now its gathering strength to make an upward move.
  • markd
    markd mod
    If you want to wait for strength before getting a hit, you would use "x", or cross above, (%Kx20) to catch %K going back above 20 after having been below 20.

    On the other hand, since %K doesn't spend much time below 20 in an up trend (usually, as in your example), you might want to scan for %K crossing below 20, in which case it would be 20x%K. - I'll let you write the full syntax.

    As with any indicator, some hits fail, or don't return much, or you have to wait a long time between signals. That's normal, depending on the stock and the market.

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