Markus Heitkoetter Long Setup (Traders Magazine)

Category: Screeners By: odin Created: May 14, 2018, 6:55 AM
May 14, 2018, 6:55 AM
Screeners
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Found this in a german version of traders mag a few years ago.

  • use the MACD trading indicator to identify bullish and bearish market conditions
  • use the the RSI trading indicator to determine the strength of a trend
  • use the Bollinger Bands rising (price is going away from its mean)
  • the Close vs the Bollinger Bands are widely opened
  • price Close is higher than its previous High
  • High Volumes are necessary

 

c1 = RSI[7](close) > 70
c2 = MACDline[12,26,9](close) > MACD[12,26,9](close)
c3 = MACDline[12,26,9](close) > 0
c4 = BollingerUp[12](close) > BollingerUp[12](close)[1]
c5 = (Close - BollingerDown[12](close)) / (BollingerUp[12](close) - BollingerDown[12](close))
c6 = c5[1] > 0.9
c7 = close > high[1]
c8 = Average[52](close*volume) > 3000000
SCREENER [c1 and c2 and c3 and c4 and c6 and c7 and c8]  (c8 as "volumen")

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Filename: Markus-Heitkoetter-Long-Setup.itf
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odin Veteran
secundary school-education to banker staff-multiple host part time - economist partime like: reading-thinking biases and chess.
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