This page provides transcripts and keywords from some of our videos. The preferred way to see the videos is to go directly to our YouTube page. And see additional videos on our StockTwits page. These transcriptions and keywords are primarily aimed at helping you find a video using Google and other automated search tools.
Let’s take a look at the Position in consolidation filter. I’m just getting started, so I haven’t added any values to the filter yet so it is looking at All Stocks. So what does that mean? This demonstration shows what’s going on inside the test server. This is just a demonstration, our live servers are looking much faster at a larger set of stocks. This demonstration will still give you an idea. The server is watching every stock at every moment to see just where the consolidation patterns are. This is just the background information, we still haven’t told it what we want yet. An important thing to notice is that it doesn’t include today. I haven’t told it what today looks like yet. Consolidations are important for different reasons. Maybe you want something that is keeping a consolidation pattern, right in the middle. Maybe something that is breaking out of a consolidation. Maybe something that is breaking down from a consolidation. Notice all I did was move this slider and the numbers appeared. I tell it I’m looking for stuff that looks like this and the server constantly looks through stocks until it finds something that matches this. It’s important to notice that this isn’t just one stock chart I’m describing. I’m giving this description and it’s now showing different stocks at different times. It’s now a description that could describe a lot of stocks at different times. Of course there’s usually more than one number involved. I have the minimum and the maximum. Let’s set the minimum and say I want stuff that looks like this because that’s the min I want. Anything less than this would not be interesting. But I don’t want stuff that is too crazy. I’ll set the maximum somewhere around there and I can always type the number in if, for example, I really want to see something like 3,000. So now I’ve set this strategy. I won’t see stuff that is crazier than this and is at least as far up as the minimum value.
