Identifying Trends: Follow Up

DoctorT · February 2018

Dear MarkD,

To identify bullish trends, I ran scans using the following criteria:

AND [daily SMA(5,daily close) > SMA(20,daily close)]
AND [5 days ago SMA(5,daily close) > 5 days ago SMA(20,daily close)]
AND [10 days ago SMA(5,daily close) > 10 days ago SMA(20,daily close)]
AND [15 days ago SMA(5,daily close) > 15 days ago SMA(20,daily close)]
AND [20 days ago SMA(5,daily close) > 20 days ago SMA(20,daily close)]

Unfortunately, they worked so well that they excluded any stocks with “Slow Stock %K(14,3) < 20,” which would be my next filter.

Thus, after browsing the SC website, I am thinking of using the following criteria:

AND [close > SMA(200,close)]
AND [SMA(50,close) > SMA(200,close)]

What do you think?

Looking ahead, what's the difference between “Daily OBV” and “Daily OBV Signal (n)”?

Thank you!

Doctor T

markd · February 2018

It's worth while to check that sma 200 is rising, maybe also that 50 is rising in addition to being above the 200.

OBV Signal is not specifically explained in the documentation. Here is how they explain "Signal".

https://stockcharts.com/school/doku.php?st=obv+signal&id=chart_school:glossary_s#signal_line

So, essentially, it's an MA of OBV. Crossing above or below may indicate some kind of change (exactly what you have to research). It's an MA, so it can be late.

Identifying Trends: Follow Up

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