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Ranking Stocks using Chart Indicator Features

Posted: 21 November, 2017 Tags: Indicators Chart_Patterns&Analysis
Source: P2017 CBR Available to: Members

Wouldn’t it be good if we could take a list of stocks (your own stock universe), and sort the list so that the strongest performing stocks (ie. the most bullish) are at the top of the list? And then invest in those strongest stocks in anticipation of the best price performance? We could also note the stocks with a low score near the bottom of the list and avoid them (or remove them from our portfolio).

Many people are familiar with the teachings of Stan Weinstein from his book “Secrets for Profiting in Bull and Bear Markets”. Stan talks about several things, including the importance of the 30 week Moving Average (MA), and noting whether the share price is above or below the MA, and whether the MA is rising or falling. There are many indicator observations like this which we could use to easily identify bullish (or bearish) stocks. But what are they? And how can we use them? Should we use daily charts or weekly? Does this take long to do? Can it be automated?

In this session Robert will describe many technical analysis indicator observations, and a way to attach a useful score value to them, and to subsequently rank a list of stocks by their degree of bullishness. The discussion will also cover the pitfalls to be aware of.