Sunday, June 21, 2009

Re: [TheOptionClub.com] How find the "35% slope" described by optionhermit



You can also pull out your algebra book and remember what the slope of line is:
 
y=mx+b where m is the slope.
 
You can calculate the slope of the 20 ema over time by picking your time frame, say 10 days and calculate slope as follows:
 
m = 20ema[today] - 20ema[today-10days] / 10
 
If you calculate the slope in 2 successive persiods, s1 and s2, then the percent change is:
 
slope % change = s2 - s1 / s1
 
You can play with these numbers any way you want. Alot of your charting programs will allow for these kind of calculations.
 
Stockfetcher might be easier :)

On Sat, Jun 20, 2009 at 1:55 PM, larri430 <larri430@aol.com> wrote:


It is really very simple. Merely join the FREE Stockfetcher.com web site. Then, to scan the entire universe of 7000+ stocks for the requqired "slope", merely type the word "slope" into the blank box on the upper left, and a window will open where you can click on "slope" and the program will place the scan criteria in a box and show you 5 of the charts that fit the criteria. More than 5 charts requires a paid subscription ($8.95 mo.).

You can also insert in the search box other criteria such as closing price, volume, stock exchange, optionable, moving average, etc.

larri430

--- In OptionClub@yahoogroups.com, "jjmiller202000" <jjmllr20@...> wrote:
>
>
> Option Hermit - I like your thought process but am wondering if you scan for stocks? How would I find stocks with a greater than 35% slop of 20ema and is the current trend? What would you consider favorable sectors? Just wondering how you would go about finding the stocks to use your methodoloy on? Thanks
> J miller
>
> --- In OptionClub@yahoogroups.com, option hermit <optionhermit@> wrote:
> >
> > My simple methodology :
> > 1. Play only on the strong trending stocks (>35 degree of slope of Moving
> > Avg...preferably 20 EMA)
> > 2. Play only on the same direction of the trend, but only enter on the minor
> > pullback.
> > 3. Play on favorable stock in the favorable sectors
> >
> >
> > On Sat, Jun 6, 2009 at 3:40 AM, David Steele <dsteele_24@> wrote:
> >
> > >
> > >
> > > Does anybody have any good directional strategies they used for long calls
> > > and puts. i would like a good methodology for playing directional plays.
> > >
> > >
> > >
> >
>


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