Second Pullback Strategy
Author: CECSJOY
Creation Date: 2/9/2009 11:46 AM
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CECSJOY

#1

Good Day,

I was referred to this site by Fidelity trader support for expert help in creating a script that is not available using the default wizard on Wealth Lab 5.3. The 3 conditions are:

1 ) The stock is in the SECOND pullback of an uptrend

2.) It is at or near (but not below) its 20 day moving average, and

3.) Volume is declining

As a new Wealth Lab 5.3 user without knowledge of programing, I wonder if someone has the ability to create what is needed to meet these conditions for Wealth Lab 5.3 ?

Thank you, and Have a great day!
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Eugene

#2
QUOTE:
1 ) The stock is in the SECOND pullback of an uptrend

What is the definition of a pullback?

QUOTE:
2.) It is at or near (but not below) its 20 day moving average, and

How near is "near"?

QUOTE:
3.) Volume is declining

Compared to (e.g. to last day, a moving average of volume)?
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Eugene

#3
Here's a template that will buy once the second pullback in an established trend happens.

When you come up with your conditions of the trend, the pullback, the exit rule et cetera, all we have to do is to modify the code here and there:

CODE:
Please log in to see this code.
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gfparker

#4
Eugene when I copy the script above and paste into WL5.1, the code all comes out as one line with no line breaks. Is there a better way to copy scripts into WL without having to pharse them once they are there.
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Eugene

#5
What a coincidence: already answered this a couple hours ago >HERE<.