Startup ATL + OBV = Wickoff+ Weinstein

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11/08/2019 at 9:02 AM #112384 quote

Nicolas
Keymaster

Master

Why do you think it is not the case? If the lowest low of all data is 40$, the share should be set between 40$ and 80$! and that’s an huge gap 🙂

11/08/2019 at 12:59 PM #112407 quote

JJ Tec
Participant

Veteran

Hello,
The obv performs the calculations based on the volume, but I think it would be more appropriate to replace the volume with the CPM (volume * close). Once the obv (CPM) was calculated, the moment derived from averages could be calculated.
For example,
exponentialaverage [10] (obv) -exponentialaverage [20] (obv), to subsequently apply bollinguer bands on the indicator we have calculated. Once, that we have this MACD (OBV) we would apply the ideas of Squeeze de J.F. Carter, to calculate where there is a compression of the obv, and I think that in this way we could detect market phases associated with accumulation or distribution. I will try this weekend to write the code.

11/08/2019 at 6:06 PM #112446 quote

supertiti
Participant

Master

A good example of Wyckoff concept this week : look at ENGIE

Wyckoff-ENGIE.jpg

11/08/2019 at 6:06 PM #112448 quote
Fr7
Participant

Master
Hello,
I’m very interested in the code. And after reading everything I think it would look like this …
But there is an error in the calculation of OBV between lines 5 and 8…..
```
//ATL All time low identification
ATL = lowest[max(1,BarIndex)](low)
 //When the second day’s price closes above the prior day’s close,
if close>close[1] then
 OBV=OBV+volume
else
//If prices close lower on the second day,
OBV=OBV−volume
endif
myOBV =MACD[10,20,10](OBV)
avgOBV=average[20](myOBV)
stdevOBV=2*std[20](myOBV)
BollUp = avgOBV+stdevOBV
 
 
//ATL zone and volume activity
c1=close<2*ATL
c2=myOBV>BollUP
 
screener[ c1 and c2 ]
```
11/08/2019 at 6:35 PM #112450 quote

JJ Tec
Participant

Veteran

Me podrias explicar el significado o que buscamos con el ATL?

11/08/2019 at 7:36 PM #112452 quote

Vonasi
Moderator

Master

JJ Tec – English only in the English language forums please.

11/08/2019 at 8:42 PM #112455 quote

JJ Tec
Participant

Veteran

Hello,
I do not understand the purpose of the ATL. Could you explain its use? .. what do we pursue? … what does it mean?

11/09/2019 at 10:15 AM #112468 quote
JJ Tec
Participant

Veteran
Hello everyone
This is the modification I have proposed. Could you explain to me what we look for with the ATL?
```
//ATL All time low identification
ATL = lowest[max(1,BarIndex)](low)

Percorto=10
Perlargo=20
//PerMed=10

// Indicador ReX
Miobv=obv(close)

ReX=EXPONENTIALAVERAGE[PerCorto](MIOBv)-EXPONENTIALAVERAGE[PerLargo](MIOBv)
// Bandas sobre ReX
PBB=20
sstd = std[PBB](rex)
upper = (sstd*2+(exponentialaverage[PBB](ReX)))

//ATL zone and volume activity
c1=close<2*ATL
c2=Rex>Upper
vol=volume>200000

SCREENER[ c1 and c2 and vol ]
```
Weinsteinobv.jpg
11/09/2019 at 8:26 PM #112478 quote

Yannick
Participant

Veteran

@JJ Tech

The idea with ATL is to find the low point of startup, a growing company that generates grow = share price is expetected to rise.

11/09/2019 at 8:42 PM #112479 quote

Yannick
Participant

Veteran

Nicolas wrote:

Why do you think it is not the case? If the lowest low of all data is 40$, the share should be set between 40$ and 80$! and that’s an huge gap 🙂

Dear Nicolas

Please find an example SAREPTA is returned by the screener

ATL= 7

Curent price is 96

The problem comes from the scanning period = 2 years, I would like the ATL of the all barindex period

sarepta.jpg

03/22/2020 at 1:57 PM #122904 quote

leoulve
Participant

New

Hello, did you have sorted out on your side? On my side it is still not working.
Kind regards,

Blue
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