mktmole
325 posts
msg #129912
- Ignore mktmole |
7/20/2016 12:32:11 PM
the X- Factor. by Keith Ftizgerald
Green = [100 - (Days Since 100 day High) / 100 ] X 100
Red = [100- (Days Since 100 day Low) / 100] X 100
plot red on plot green (plot goes from 0 to 100)
price above 5
average volume(60) above 200,000
show stocks where Green crossed above Red
apply to mid-cap and small-cap stocks
Any coding ideas are appreciated!
mm
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pthomas215
1,251 posts
msg #129913
- Ignore pthomas215 |
7/20/2016 2:11:15 PM
Four (on here) really would be the best person to take a crack at it. Thanks for posting this, as I always wondered how the x factor was defined. sorry I cant be of more help.
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push5280
201 posts
msg #129947
- Ignore push5280
modified |
7/21/2016 11:43:29 AM
I think this is what you are looking for
Fetcher[
set{market_cap, shares outstanding * close}
/* STOCKFETCHER displays market cap in millions*/
/*mid cap stock definition from Investopedia "A mid-cap company is a company with a market capitalization between $2 billion and $10 billion"*/
set{GREEN, Aroon Up(100)}
set{RED, Aroon Down(100)}
price above 5
average volume(60) above 200,000
show stocks where GREEN crossed above RED within the last 1 day
market_cap > 19,999,999,999
Draw GREEN on plot RED
]
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mktmole
325 posts
msg #129971
- Ignore mktmole |
7/22/2016 10:10:23 AM
tks for the replies.
according to the original x_factor video,the (aroon) scan is then applied to a symlist of stocks meeting the Joseph Piotroski score of 8 or greater having the crossover.
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arimont
57 posts
msg #130049
- Ignore arimont |
7/26/2016 6:27:14 AM
Can anyone elaborate what the X-Factor actually is?
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pthomas215
1,251 posts
msg #130060
- Ignore pthomas215 |
7/26/2016 11:38:28 AM
It's a system created by I believe Keith Fitzgerald with the Money Morning group. It refers to technical analysis where an X is created (i.e. green crossing over the red), which is treated as an entry point. And then over time, usually a month or two, the reverse X is created (i.e. red over the green), which is your exit point. The group was giving stock picks based upon that theory, so technically this filter is worth their $2,000 selling price.I think the X factor has merit, although I am embarrassed to say I purchased their short side fortunes product, where they recommended short selling TESLA at 160 and it ran up to 240 or something. If I listened to them I would be broke. but again, the X factor seems to have merit in theory.
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pthomas215
1,251 posts
msg #130076
- Ignore pthomas215 |
7/26/2016 7:41:46 PM
I also wanted to mention that fundamental analysis is a pre-cursor to the x factor. that is the Joseph Petoski score that is refererenced above. i.e. you can't just look at technicals and expect the x factor to work, or so goes the theory
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arimont
57 posts
msg #130082
- Ignore arimont |
7/27/2016 4:43:07 AM
Thanks for the explanation.
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papagatorga
124 posts
msg #130174
- Ignore papagatorga |
7/30/2016 3:05:46 PM
Isn't X factor simply Aaron which is free on here. But then they add Piotroski score to their selection process.
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pthomas215
1,251 posts
msg #130175
- Ignore pthomas215 |
7/30/2016 7:31:17 PM
I was referring to the x pattern from Money morning. If this is something other, my apologies.
http://www.stockgumshoe.com/reviews/high-velocity-profits/will-keith-fitz-geralds-x-pattern-drive-this-stock-up/
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