Slingshot V7 for stocks $4.50 to $20. Over $20 change the V from 1.2 to 1.25 and the C references from 1.08 to 1.05 for stocks from $24 to $40.
Quick explanation:
Observed that stocks that have a price increase of over 8% usually have it with lots of volume – up 20% or more from avg over last 30 days. Then what happens – it either keeps going up (rarely) but often you get profit taking for several days before resuming uptrend – frequently like a jhook without the previous uptrend. Higher priced stocks >$20 do not usually have quit as big an up volume/price day so I change the criteria slightly. Not all do go up but if you add some of the visual things that Rick Saddler talks about – like where is the 8 ema etc., I improve my selection. Some do take several days to bear fruit and obviously some never do. I also do a scan at the end of the day for all stocks that increased by more than 4.5% (along with specific volume and price criteria) – They are frequently future sling shots. Also use stochastic 12/3/3 and look for K to cross D on the upswing.
Formula;
(V7 > 1.2 * AVGV30.8 AND C7 > 1.08 * C8 AND C6 < H7 / .95 AND C6 > (L7) AND C5 < H7 / .95 AND C5 > (L7) AND C4 < H7 / .95 AND C4 > (L7) AND C3 < H7 / .95 AND C3 > (L7) AND C2 < H7 / .95 AND C2 > (L7) AND C1 < H7 / .95 AND C1 > (L7)) OR (V6 > 1.2 * AVGV30.7 AND C6 > 1.08 * C7 AND C5 < H6 / .95 AND C5 > (L6) AND C4 < H6 / .95 AND C4 > (L6) AND C3 < H6 / .95 AND C3 > (L6) AND C2 < H6 / .95 AND C2 > (L6) AND C1 < H6 / .95 AND C1 > (L6)) OR (V5 > 1.2 * AVGV30.6 AND C5 > 1.08 * C6 AND C4 < H5 / .95 AND C4 > (L5) AND C3 < H5 / .95 AND C3 > (L5) AND C2 < H5 / .95 AND C2 > (L5) AND C1 < H5 / .95 AND C1 > (L5)) OR (V4 > 1.2 * AVGV30.5 AND C4 > 1.08 * C5 AND C3 < H4 / .95 AND C3 > ( L4) AND C2 < H4 / .95 AND C2 > (L4) AND C1 < H4 / .95 AND C1 > ( L4)) OR (V3 > 1.2 * AVGV30.4 AND C3 > 1.08 * C4 AND C2 < H3 / .95 AND C2 > ( L3) AND C1 < H3 / .95 AND C1 > (L3) AND C < H3 / .95 AND C > ( L3))
Ricky Wayne’s PCF discussed in Member Chat Room
20-50 Pin Ball
For finding long positions from the 20SMA to and past the 50SMA.
Also finds short positions failing the 50SMA back to the 20SMA
PCF #1 (C <= AVGC50) AND (C >= AVGC20) OR (C >= AVGC18)
PCF #2 AVGC20 < AVGC50
Up Trend PB & Pop
PFC#1 (C <= AVGC5.4) OR (C <= XAVGC5) AND (C >= AVGC20)
PCF#2 (AVGC20 > AVGC50) AND (AVGC50 > AVGC200)