![]() I'm always looking at the volume on the previous 10 days. Update: I removed the stddev logic since it didn't eliminate any obviously poor pivots. For the purposes of this script, I define choppy when the standard deviation of the volume is > 125% of the average. ![]() ![]() But if the volume is "choppy", then increase the period to 11 to 15 days. Per Gil and Chris, the volume on the day of the pocket pivot must be higher than any down day in the previous 10 days.I made these additions/modifications to Gil's and Chris's vague and sometimes conflicting definition of a pocket pivot: The other criteria (strong fundamentals, no wedging, constructive basing, etc.) need to be evaluated separately. This study checks price and volume to see if they met the pocket pivot criteria. Based on the work of Gil Morales and Chris Kacher. ![]() Identifies up-day volume spikes that may be a buyable pocket pivot. ![]()
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