Turtle Rules adapted for stockcharts scans
dryan3
✭
Hi chartists, Has anyone ever written a scan using the "Turtle Rules" as source ?
0
Comments
-
The entry portion was just a channel breakout - one method used 20 days, another used 55 days.
So, one scan might be
and [close x Upper Price Chan(20)]
But, it really needs a refinement, because once prices start climbing (if they do) you will get a signal every few days. So, you probably want to see a period of flatness in the upper price channel before the breakout. Like
and [5 days ago Upper Price Chan(20) = 10 days ago Upper Price Chan(2)]
and [close x Upper Price Chan(20)]
If you want to catch a new long term up trend early, you might want to test for larger time frame price channel falling, like
and [Upper Price Chan(63) < 30 days ago Upper Price Chan(63)]
and [Upper Price Chan(63) <= Upper Price Chan(251)]
That would get situations where the larger time frames are still falling. But, if the larger trend is still down, 20 day highs are often good shorts.0
Categories
- All Categories
- 2.4K StockCharts
- 397 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 74 Data Issues
- 177 Other StockCharts Questions
- 224 Technical Analysis
- 155 Using Technical Analysis
- 6 InterMarket and International
- 19 Market and Breadth Indicators
- 44 Market Analysis
- 109 Trading
- 109 Trading Strategies
- 162 S.C.A.N the StockCharts Answer Network forum
- 64 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 7 Off-Topic
- 7 The Cogitation & Rumination Emporium
- Forum Test Area
