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Strategies & Market Trends : -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (813)9/10/2017 1:04:24 PM
From: Underexposed  Respond to of 836
I have looked at the SCTR table. If you subscribe and you are Canadian Investor primarily can you create your own groupings. A sector of Toronto Stocks is pretty much useless when you are combining the TSX and Venture stocks as far as I am concerned.

Also I tried using the indicator SCTR in a chart but it is never defined. I am assuming that is because I am a non-subscriber but then I have never used this indicator. I have no other restrictions on using indicators elsewhere so it would be interesting to see the sector indicator work.

Ahhhhh... I just tried using it using Google as was given in a post on the subject... and it worked. So it seems it works for some stocks but not for all stocks... I tried ETG and got nothing.

It works for TD.TO as well AQN.TO works as well as other major stocks ... even BTO.TO

The only thing that bothers me is that you cannot define its sector. You are comparing your test stock against all TSX stocks (I have yet to find a Venture stock defined.

So far, on first blush, I don't see this indicator useful for market timing of a buy. I have other charts in my quiver that define that situation better. Here is my go to chart for buy and sell market timing

This is a chart that I developed over a 10 year period and have used daily for the last 12 years.

First of all, NOTE THE PARAMETERS of each indicator. They are not default parameters. I removed the signal line from the MACD as I don't feel it is valid in longer term charts (however, I would use it in a 1-5 min chart), I use a longer time period for the Slow Sto to smooth out the line to make it easier to read.

You don't read individual indicators too much except the Slow Sto when it pegs over 80... that is always bullish as can be seen in the blue circle. This structure is ALWAYS a hold for me. When it falls significantly lower than 80 is when I start looking for a decline in share price.

Overall though, I look at the three indicators as a group.

Buy signal - when Slo Sto rises to 80, the MACD has a strong positive slope and the BBwidth (the trigger) makes a strong positive move.... the solid green line in early Feb/2017 is an example with the dotted line in mid May as an addition buy period in that run.

Sell signal - Is shown by the dotted red lines. Here the Slo Sto usually leads by falling below 80 with neg slope, followed by the MACD having a neg slope...then as before the trigger is the sudden rise of the BBWidth...mid Nov/2016 and late June/2017 are examples here.

Early June/2017 is not a sell signal... the Slow Sto fell below and the MACD was in decline but the BBWidth was declining not rising.... It is something to watch though and 3 weeks later the sell signal came.

The Blue lines - indicate a potential end to a bear run. If I were shorting a stock, I would consider ending my short and collecting my profits at that point. I call this my MACD/BBWidth pinch. It is not a guarantee of an end to the fall as it could be a short rest before another fall...

This is only one of my charts that I use in a full evaluation of a stock. I have 3 more that I use and take a consensus of All the indicators that I use... I never trust an individual indicator as they all give mis-information on occasion but they don't lie at the same time... hence the need to take a consensus.

Anyway, that is my main chart, there are many more nuances in this chart that you can see once you use it a lot.

That SCTR indicator looks intriguing but without knowing what I am comparing its performance to makes it limited IMHO. The SCTR table on the other hand is a decent start point for searching for possible buys, but sometimes good buys go missing because they are not defined as yet.