OPEN-SOURCE SCRIPT
Surf Distance
Qullamaggie Surfing the EMA
The median for Qullamaggie is 0.110
The measurement
Take the entry price and subtract the 10-day average. That gives the distance in dollars.
Divide by the stock's typical daily range (probably ATR or average daily range in your system; check which one you used). That gives the distance in "daily ranges."
Dividing by the range makes stocks comparable. A 30-cent gap is huge for a quiet $10 stock and meaningless for a volatile $300 one. Measured in daily ranges, both are on the same scale.
Reading 0.110: The median entry was 0.11 of one day's range above the 10-day average. A normal day's wiggle is one full range, so 0.11 is well inside the noise. Price was essentially sitting on the average when the entry triggered. Half the entries were closer than that (or below it) and half were further.
Example
10-day average: $50.00
Daily range (ATR): $2.50
Entry: $50.275
Distance = ($50.275 − $50.00) / $2.50 = 0.110. You paid 27.5 cents above the average, on a stock that moves $2.50 on a normal day. That's an entry at the average.
Compare an entry at $55.00: ($55.00 − $50.00) / $2.50 = 2.0. The stock is two full daily ranges above its average, which is extended and usually a chase.
Why it matters: The finding says the Qullamaggie entries are mostly pullbacks or consolidations that come back to the 10-day (the "surf" the average idea), not chases of extended moves. It also gives you a testable rule: entries far above 0 (say, above 1 range) are outside the profile that the system's results come from.
The median for Qullamaggie is 0.110
The measurement
Take the entry price and subtract the 10-day average. That gives the distance in dollars.
Divide by the stock's typical daily range (probably ATR or average daily range in your system; check which one you used). That gives the distance in "daily ranges."
Dividing by the range makes stocks comparable. A 30-cent gap is huge for a quiet $10 stock and meaningless for a volatile $300 one. Measured in daily ranges, both are on the same scale.
Reading 0.110: The median entry was 0.11 of one day's range above the 10-day average. A normal day's wiggle is one full range, so 0.11 is well inside the noise. Price was essentially sitting on the average when the entry triggered. Half the entries were closer than that (or below it) and half were further.
Example
10-day average: $50.00
Daily range (ATR): $2.50
Entry: $50.275
Distance = ($50.275 − $50.00) / $2.50 = 0.110. You paid 27.5 cents above the average, on a stock that moves $2.50 on a normal day. That's an entry at the average.
Compare an entry at $55.00: ($55.00 − $50.00) / $2.50 = 2.0. The stock is two full daily ranges above its average, which is extended and usually a chase.
Why it matters: The finding says the Qullamaggie entries are mostly pullbacks or consolidations that come back to the 10-day (the "surf" the average idea), not chases of extended moves. It also gives you a testable rule: entries far above 0 (say, above 1 range) are outside the profile that the system's results come from.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.