Friday, November 12, 2010
ETFs Entry and Exits are now in Bluefin. Using the StockBee trend intensity formula we rank all ETFs by trend strength. When then use a time based rank combined with the trend intensity rank to find all ETFs with a new buy signal, currently in a buy signal and an exit signal. We will provide more details on how this is calculated on the StockBee member site and on the Bluefin ETF page.
From StockBee:
Trend Intensity is a measure of velocity an ETF. Trend intensity not only finds a trending ETF but also finds an ETF which is trending with higher velocity. Higher the trend intensity number, the faster is the ETF is moving up.
The ETF Screen is split into 3 sections.
- New Entry Signals - Leveraged and Non-Leveraged ETFs ranked by Trend Intensity with an ETF Buy Signal.
- Existing Entry Signals - Leveraged and Non-Leveraged ETFs ranked by Trend Intensity that are currently in a Buy signal.
- Exit Signals - All ETFs: ETFs with an exit signal.
8 Response to Bluefin Feature: ETF Strategy
Are you or Stockbee going to post how the entry and exit signals are determined?
What does time based rank mean?
Time based would be something like moving averages that measures a stocks performance over time compared to something like percent change for the day or volume surge for the day.
Peter, we are not going to publish the entry/exit criteria, as far as I know there really is not an indicator you can create in telechart or stockfinder to create the entry and exit conditions.
The reason why is because we've had people taking the logic and presenting as their own.
Dan,
>we are not going to publish the entry/exit criteria
I'm surprised you guys are getting into providing black box signals. I could never trade something like that.
Peter, I spoke to Pradeep and we will post it on the StockBee site in the private members section. I will also add a link to the logic on the ETF page.
It is not a black box.
I am in the process of writing a Guide on the ETF method and it will show you exactly how the signals are derived and exit signals are derived. Once you see the guide you will know how it is done.
It may not be possible to do it in Telechart but if you understand the logic you will know why it will work or not work. I have always provided detailed sausage making steps for all methods and that is one reason people continue to stay on as member and recommend it to others.
But it will take time (estimated finish date is Sunday night). As you all know I am not a Fortune 500 company where I can delegate the guide making to some junior flunky. To put together a guide takes some time. If you are Stockbee member you will know exact steps and scans and there will be no black magic.
>I have always provided detailed sausage making steps for all methods and that is one reason people continue to stay on as member
Yes, I know and that is what appeals to me.
Thanks guys.
Just a update. I have posted the Stockbee ETF guide detailing the logic, scans and step by step process to trade the Bluefin ETF signals.
Post a Comment