Startup ATL + OBV = Wickoff+ Weinstein

Forums ProRealTime English forum ProScreener support Startup ATL + OBV = Wickoff+ Weinstein

This topic contains 25 replies, has 7 voices, and was last updated by avatar leoulve 3 weeks, 2 days ago.

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  • #112094

    Hello

    To discuss about the screener

    https://www.prorealcode.com/prorealtime-market-screeners/startup-all-time-low-obvolume-weinstein-wyckoff/

     

    The idea is to find a startup bottom by screening volume activity.

    Even with this code modification, sometime the condition

     

    #112098

    Basically

    The idea is coming from this lecture from Wyckoff, Weinstein

    https://speculateurmalin.fr/comment-stan-weinstein-analyse-un-graphique/

     

     

    Attachments:
    1. WyckoffSchematics-VisualTemplatesForMarketTimingDecisions.pdf
    #112109

    It is best to talk about screeners in the screener forum. 🙂

    Topic moved from ‘General Discussion’ forum.

    #112159

    Firstly, try this small modification to be sure ProScreener isn’t stopping on the first barindex:

     

    1 user thanked author for this post.
    #112191

    Hello,
    The idea that I applied to evaluate the actions is based on the application of a macd to the Obv, with a configuration (10,20,10), and on the obv macd I apply some bolliguer bands. In this way the possible changes are very well detected.

    #112197

    Is there a minimum time period to consider an accumulation phase as valid?

    #112233

    Hello,

    The idea that I applied to evaluate the actions is based on the application of a macd to the Obv, with a configuration (10,20,10), and on the obv macd I apply some bolliguer bands. In this way the possible changes are very well detected.

    Hi JJ Tec could you share a graph , that I can see and understand your point?

    #112234

    Is there a minimum time period to consider an accumulation phase as valid?

     

    Hi @nicolas

    There is no minimum of time period, it can be very fast or very slow.

    For the code modication, this test give the same result , the problem doesn’t come from the BarIndex

    #112247

    I’d like to help but your first post is truncated, so I still don’t know what is the problem? 🙂

    #112257

    The idea I have is to apply the Chaikin flow calculation formula, to the OBV, but using as periods 10 and 20. One of the problems I see in the OBV is that it counts the volume based on the closing price, but I think that It is more appropriate to adjust the sum based on whether the price is above 50% of the total range. On the other hand, the volume may lead to a mistake, so perhaps, capitalization should be used (closing * volume).

    Attachments:
    #112261

    I need help, what would be the code of the OBV indicator?

    #112263

    When the second day’s price closes above the prior day’s close,

    ​OBV=Previous OBV+Current trading volume​

    If prices close lower on the second day,

    OBV=Previous OBV−Current trading volume​

    #112265

    But what code would it be?

    #112280

    That could be coded like this: (not tested)

     

     

    2 users thanked author for this post.
    #112370

    Thanks

    But I don’t understand, do we need to recalculate the OBV or can we use the function already programmed by prorealtime?

     

    The problem comes that screener indicates stocks that are not between ATL and 2 ATL.

    And I don’t understand where the problem comes from

    1 user thanked author for this post.
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