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Link for this issue: https://tradingdiary.incrediblecharts.com/2022-11-07_whats_new.php
 

What's New: New Stock Screen Filters

We have rebuilt our stock screener module, enabling some long outstanding additions and improvements to the stock screen filters:

  • Commodity Channel Index
    • Above/Below Zero
    • Crossover
  • Donchian Channels
    • New High/Low
    • Previous High/Low
    • Mid-Line Crossover
  • MACD
    • MACD Histogram Reversals
    • MACD Histogram Above/Below Zero
  • RSI (Relative Strength Index)
    • Value Filter
    • Crossover New
  • Slow Stochastic
    • Crossover New
  • Twiggs Trend Index
    • Crossover

Further improvements are planned.

We are constrained by the number of filters we can add but please send us feedback or suggestions.

New filters:

Commodity Channel Index

Commodity Channel Index signals when a trend is strengthening or weakening.

Livent (LTHM) Commodity Channel Index

Above/Below Zero (Crossover)

Crossover of zero identifies trend changes.

Crossover

Crossover of 100 or -100 offer further confirmation.

Donchian Channels

Donchian Channels track long-term highs and lows, calculated using either highs & lows or closing price.

New Highs/Lows

Identifies when a new high or low is reached (i.e. when the upper band rises or the lower band falls).

Previous Highs/Lows

Identifies the previous change in the above filter. A recent change suggests a strong trend, while an older previous high/low would indicate the start of a new trend.

Mid-line Crossovers

Mid-line crossovers can be used for a long-term trend following, in a similar fashion to a moving average.

Fortinet (FTNT) Doncian Channels & Twiggs Momentum

MACD & Histogram

MACD Histogram identifies convergence between the MACD and its signal line.

MACD (green) above its signal line (red) indicates an up-trend. Divergence on the MACD Histogram offers early warning of a trend change.

Livent (LTHM) MACD Histogram Divergence

MACD Histogram Reversals

Reversals highlight when the MACD Histogram has changed direction. Scan for reversals — by 1, 2 or 3 percent — calculated using MACD Percentage.

MACD Histogram Above/Below Zero Crossover

Crossover of zero is the same as MACD crossover of its signal line. Please use the MACD Crossover filter.

RSI (Relative Strength Index)

We have expanded and refined the available RSI filters.

Value Filter

Identify Minimum or Maximum values.

Crossover New

Identify crossovers above/below the 20, 30, 50, 70 or 80 levels.

Slow Stochastic

We made a similar improvement to Slow Stochastic, see RSI Crossover New.

Twiggs Trend Index

Crossover of zero identifies trending stocks.

The longer the time period above zero, the stronger the accumulation by buyers.

AMP Ltd (AMP) Twiggs Trend Index

Similarly, the longer the Trend Index remains below zero, the stronger the distribution by sellers.

We hope that you find the new filters useful. Please send us your feedback or suggestions.


Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.

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