Guppy Multiple Moving Average (GMMA) Scans Established Trend

daddybyday

Hello, All,

In continuing with my experiments in scanning the GMMA, I've created a new scan, this one for established GMMA uptrends. Here is the scan:

[type = stock] AND [Daily SMA(20,Daily Volume) > 40000]
and [SCTR >75]

and [today's ema(3,close) > today's ema(5,close)] and [today's ema(5,close) > today's ema(8,close)] and [today's ema(8,close) > today's ema(10,close)] and [today's ema(10,close) > today's ema(12,close)] and [today's ema(12,close) > today's ema(15,close)] and [today's ema(15,close) > today's ema(30,close)] and [today's ema(30,close) > today's ema(35,close)] and [today's ema(35,close) > today's ema(40,close)] and [today's ema(40,close) > today's ema(45,close)] and [today's ema(45,close) > today's ema(50,close)] and [today's ema(50,close) > today's ema(60,close)]
and [country is US]

and [Close > 10.00]
and [Close < 50.00]

My criteria for this scan is that all the EMAs in both ribbons be in order. I ran the scan, and it produced a ton of results, about 345, but this could be a good start for scanning looking to buy mid-trend ("buy high, sell higher).

I have one more idea that I'd like to try out, and I'll post if it works.

As always, I'd love to receive feedback on the screen, and any ideas you may have to make it better.

Thanks!

Tom

docuspec

HI Tom - wondering if you are still out there working with the GMAA.

I just recently (2 weeks ago) came across Guppy's work and the GMAA and have been learning and switching over to incorporate the GMAA.

Along with the band code you have above, one thing I've notived to find strong up trending stocks is to require the Traders band to be above the 20 SMA and the Investors band to be below the 20 SMA.

Take a look at Westport Fuel (WPRT) for the past 6 months and if you have a GMAA-based chart, place to 20SMA on the chart.

Here is the scan I've written to meet the requirement and it is returning a nice selection of stocks in a strong uptrend.

// Standard “Traders” upper band
and [Daily EMA(3, Daily Close) >= Daily EMA(5, Daily Close)]
and [Daily EMA(5, Daily Close) >= Daily EMA(8, Daily Close)]
and [Daily EMA(8, Daily Close) >= Daily EMA(10, Daily Close)]
and [Daily EMA(10, Daily Close) >= Daily EMA(12, Daily Close)]
and [Daily EMA(12, Daily Close) >= Daily EMA(15, Daily Close)]

// Traders band must be above 20 day simple Moving Average
and [Daily EMA(3, Daily Close) > Daily SMA(20, Daily Close)]
and [Daily EMA(5, Daily Close) > Daily SMA(20, Daily Close)]
and [Daily EMA(8, Daily Close) > Daily SMA(20, Daily Close)]
and [Daily EMA(10, Daily Close) > Daily SMA(20, Daily Close)]
and [Daily EMA(12, Daily Close) > Daily SMA(20, Daily Close)]
and [Daily EMA(12, Daily Close) > Daily SMA(20, Daily Close)

// Standard “Investors” lower band
and [Daily EMA(30, Daily Close) >= Daily EMA(35, Daily Close)]
and [Daily EMA(35, Daily Close) >= Daily EMA(40, Daily Close)]
and [Daily EMA(40, Daily Close) >= Daily EMA(45, Daily Close)]
and [Daily EMA(45, Daily Close) >= Daily EMA(50, Daily Close)]
and [Daily EMA(50, Daily Close) >= Daily EMA(60, Daily Close)]

// Investors band must be below 20 day simple Moving Average
and [Daily EMA(30, Daily Close) < Daily SMA(20, Daily Close)]
and [Daily EMA(35, Daily Close) < Daily SMA(20, Daily Close)]
and [Daily EMA(40, Daily Close) < Daily SMA(20, Daily Close)]
and [Daily EMA(45, Daily Close) < Daily SMA(20, Daily Close)]
and [Daily EMA(50, Daily Close) < Daily SMA(20, Daily Close)]