ADX and RSI - anyone know a good source

[pleaper]

Hi

am relatively new to trading - am reading some good literature after realising to my cost that trading is quite er, complicated including the Financial Spread Betting hand book - the methods seem quite straight forward - basically the author asserts that by getting a list of stocks with a high RSI & ADX reading potential targets can be drawn up ... Apart from going through 1000's of charts, does anyone know of a method to derive this data say from a (hopefully) free download ?
Grateful for any tips - back to scanning 100's of charts ;-(

P

 

[rocko1980]

Hi pleaper,

i have had a look for free ADX scans too and had no luck.

I have just signed up to sharescope £32 monthly and £80 membership. In sharescope you can sort by the "ADX" sharescript to bring up a list of stocks that fulfil your ADX criteria in any given index of stocks.

ie you could drill down in the FTSE 100 (customisable) and bring up a list of stocks that have an ADX reading of >30 (customisable) for a 14-day period (customisable).

Thanks,
Rocko

 

[pleaper]

Rocko - just thanks ! Peter

Hi there

thanks for that - was beginning to think noone read the post
cheers
Peter

Hi pleaper,

i have had a look for free ADX scans too and had no luck.

I have just signed up to sharescope £32 monthly and £80 membership. In sharescope you can sort by the "ADX" sharescript to bring up a list of stocks that fulfil your ADX criteria in any given index of stocks.

ie you could drill down in the FTSE 100 (customisable) and bring up a list of stocks that have an ADX reading of >30 (customisable) for a 14-day period (customisable).

Thanks,
Rocko

 

[dcraig1]

For US stocks StockFetcher.com - Stock Screening is a good technical screener. Not free, but very cheap.

 

[karl6666]

sharescope

Sharescope is a brilliant product especially for a newbie, i was using the pro version but at £90 a month too expensive for what i need. Its screening 'data mining' capability is top notch. The downside is the downloading of data is brutally slow

K

 

[pleaper]

For US stocks StockFetcher.com - Stock Screening is a good technical screener. Not free, but very cheap.

Thanks

finally got round to signing up with Stockfetcher and it does seem initially very good

I see u are in Brisbane - Spent many happy years in Oz (Perth Melbourne finally Sydney )

am now in Hampshire UK -

Good trading
Peter

 

[karl6666]

brisbane

Thanks

finally got round to signing up with Stockfetcher and it does seem initially very good

I see u are in Brisbane - Spent many happy years in Oz (Perth Melbourne finally Sydney )

am now in Hampshire UK -

Good trading
Peter

yip stayed ther myself mid 90's. Toowong and Petrie terrace. A trifle warmer than Middlesbrough

K

 

[Gumping]

Pro Realtime will do this for free if only EOD. If it's still around. Google it and see

 

[LostPigeonCoo]

What do you want to trade ADX and RSI with what markets?

 

[pleaper]

basically to draw up a list of target shares that have ADX GT or LT 30 and RSI GT LT 70 for long short candidates. All markets. Am having varied success - breaking even at the moment. The ADX/RI idea comes from the "Spread Betters Handbook" thanks Peter

 

[karl6666]

basically to draw up a list of target shares that have ADX GT or LT 30 and RSI GT LT 70 for long short candidates. All markets. Am having varied success - breaking even at the moment. The ADX/RI idea comes from the "Spread Betters Handbook" thanks Peter

morning, you can still find trades with a low adx. it depends on the time frames you are using. try opening up a 1 minute chart with a 60 simple moving average on it, and vary the timeframes. Whoops sorry i thought you traded fx like myself. try

7 winning strategies for forex - grace cheng

im sure the principles will be similar

K

 

[LostPigeonCoo]

basically to draw up a list of target shares that have ADX GT or LT 30 and RSI GT LT 70 for long short candidates. All markets. Am having varied success - breaking even at the moment. The ADX/RI idea comes from the "Spread Betters Handbook" thanks Peter

Make sure you paper trade first and your happy with your resuits.

 

[shulink]

You can try Free Stock Screener - Stock Scan - Technical Stock Screen - Penny Stock Screening - Stock Screeners - Stock Scanning - Candlestick Scan, MACD Scan, Stochastic Scan, Moving Average Scan, RSI Scan, CCI Scan

 

[deadbroke]

Hi

am relatively new to trading - am reading some good literature after realising to my cost that trading is quite er, complicated including the Financial Spread Betting hand book - the methods seem quite straight forward - basically the author asserts that by getting a list of stocks with a high RSI & ADX reading potential targets can be drawn up ... Apart from going through 1000's of charts, does anyone know of a method to derive this data say from a (hopefully) free download ?
Grateful for any tips - back to scanning 100's of charts ;-(

P

Macd flogs them both.