Swing Traders: Any advice?

Discussion in 'Ask any question!' started by Ridestock, Jan 3, 2021.

  1. Ridestock

    Ridestock Member

    Joined:
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    Hello,

    I am new to trading and think swing trading would fit my style best. From what I understand the indicators below are most important, but I would like some advice from professional swing traders. When I get the system down, then I will write a python program to scan all the stocks and tell me which ones trigger a buy. I'll post the program here too so it can benefit other swing traders if they don't have a program already. Thanks in advance for your advice.

    RSI: Momentum indicator (oversold/overbought)
    MACD: Moving Average Convergence/Divergence (Lagging momentum indicator)
    MA: Simple Moving Average
    ----------------
    Criteria

    MA:
    MA 48 cross above MA 200 day

    RSI:
    RSI <= 30

    MACD:
    MA 12 crosses above MA 26 day

    Buy when all the above is true.
     

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