Link for this issue: https://tradingdiary.incrediblecharts.com/2024-09-17_whats_new.php
New Stock Screen Filters
In response to requests and feedback, we have added
filters for:
- Twiggs Trend Index
- Above/Below Zero - Additional Time Periods Added
- Value Filter
- Twiggs Momentum Smoothed
- Above/Below Zero
- Value
- Trailing Stops
- Average True Range - Additional Multipliers Added
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New filters:
Twiggs Trend Index
Twiggs Trend Index is a proprietary indicator that reflects market sentiment, highlighting accumulation in uptrends and distribution in downtrends.
Value Filter
The Value filter identifies strong accumulation or distribution by testing for Minimum or Maximum values, respectively.
The chart below shows how Hub24 (HUB) commenced a strong uptrend after Twiggs Trend Index crossed above 0.2, signaling strong accumulation.
Above/Below Zero
We added additional Time Periods to the Above/Below Zero filter including 50, 100 and 200 Day Periods, to identify long-term accumulation or distribution.
Twiggs Momentum Smoothed
We added new filters for Twiggs Momentum Smoothed.
Twiggs Smoothed Momentum is a smoothed version of the proprietary Twiggs Momentum oscillator. It aims to provide a slower, less erratic signal for following long-term trends.
Above/Below Zero
Twiggs Momentum Smoothed crosses above/below zero.
Value
Twiggs Momentum Smoothed Value filter.
Trailing Stops
We also added additional multipliers for ATR Trailing Stops. These are useful for tracking long-term trends, like Rolls-Royce Plc (RR-) below.
We hope that you find the changes useful. We are constrained by the number of filters we can add but will welcome further feedback or suggestions.
Regards,
The Incredible Charts Team
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