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Pincher
I'll Start off by saying this isn't a brainchild of mine but something I came across
reading on another forum, "ajcmstocks" is who I read this from
Pretty much you you wanna see the ADX and the PPO pinch together
and then see the RSI 5 cross over the 30 mark
I dunno what the deal is with posting links to other forums so
Ill post the link if someone says its alright otherwise pm for it
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Just my personal opinion, but I have always considered a board very insecure in its worth if it was opposed to linking to other sites.... I have no idea how Paul and Gary feel about it here, but as this is a pretty unique type board with a very loyal group and a high basic value to the individual trader... I will be sadly disappointed if they are opposed to linking to education value... no mater where it is located!
Just my 2 cents
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a signature will be here again one day
So I just saw OCCX chart and it seems this pincher pretty much is a bottom fishing scan in fancy form
Added an OCCX chart with the ADX PPO
aswell as a CHIP chart kinda showing a pincher that already happened
The chip was a retrospective find was looking into it more on fundamentals than techs
Would like some kind of modification on this like the most successful parameters on this, but who knows ill keep working on tweeks
Attached Images
File Type: jpg CHIP.jpg (19.1 KB, 9 views)
File Type: jpg OCCX.jpg (17.8 KB, 9 views)
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I've also been ooking into this.
Here are some more examples of pinchers past:
DCTH, BSKO, EFFC, COR, AMTO, TOUS, SOLM, SKNN, GRWW
Interesting to keep an eye on this type of formation.
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It is my right and my duty to be Rich
Stockfetcher Screen Start - add price levels and so forth
Percent Price Oscillator(12,26) decreasing for the last 4 Days
and ADX(14) increasing for the last 4 Days
and RSI(5) below 30
* could also use RSI(5) crossed above 30
*and -DI(14) above 20
and ADX(14) above 20
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