price channel scans - 251 days

markd

See price channel scans - 10 days for an explanation of the code below.


Like the 63 day channels, 20/80 and 50 hits are much less frequent than 10 and 21 day hits and the 63 day comments apply here as well. Also, the best entry may be longer in coming after the hit date.

***

Close or low crosses into the bottom 20 per cent of the 251 day range.
This is probably more likely to work out as a reversal set up if the Lower Price Channel is rising.

// cross above 80 in K time frame
and [1 day ago max(251, Fast Stoch %K(251,1)) > 80]

// no recent K251 values below 20
and [1 day ago min(251, Fast Stoch %K(251,1)) > 20]

and

[

// close crosses 20
[20 x Fast Stoch %K(251,1)]

or

// low crosses 20; reversals can happen w/o close crossing into 20 zone, just low
[1 day ago min(251,low) + [ [ 1 day ago max(251,high) - 1 day ago min(251,low)] *.2] x low]

]


***

Close or low crosses into the top 20 % of the 251 day range
This is probably more likely to work out if the Upper Price Channel is falling.

// cross below 20 in K time frame
and [1 day ago min(251, Fast Stoch %K(251,1)) < 20]

// no recent K251 values above 80
and [1 day ago max(251, Fast Stoch %K(251,1)) < 80]

and

[

// get close into top 80 per cent of the last 251 days' range
[Fast Stoch %K(251,1) x 80]

or

// check for high x 80 instead of close (K251 xb 20)
[ high x 1 day ago min(251, low) + [ [1 day ago max(251, high) - 1 day ago min(251,low)] *.8] ]

]


***

Crossing the mid channel is often a reversal area also

This is crossing below the Mid Channel from above

// K251 has been above 80 in past *6* months
and [1 day ago max(126, Fast Stoch %K(251,1)) > 80]

// K251 has not been below 50 recently
and [1 day ago min(21, Fast Stoch %K(251,1)) > 50]

and
[

// close crosses mid channel into bottom 50 per cent of 251 day range
[50 x Fast Stoch %K(251,1)]

or

// or low crosses mid channel
[1 day ago min(251, low) + [ [1 day ago max(251, high) - 1 day ago min(251,low)] *.5] x low ]
]


***

This is crossing the mid-channel from below.

// K251 has been below 20 in past *6* months
and [1 day ago min(126, Fast Stoch %K(251,1)) < 20]

// K251 has not been above 50 recently
and [1 day ago max(21, Fast Stoch %K(251,1)) < 50]

and
[

// close crosses mid channel into bottom 50 per cent of 63 day range
[Fast Stoch %K(251,1) x 50]

or

// or high crosses mid channel
[high x 1 day ago min(251, low) + [ [1 day ago max(251, high) - 1 day ago min(251,low)] *.5] ]
]