StockFetcher Forums · Filter Exchange · * 5 day low reached for high and low<< >>Post Follow-up
four
3,995 posts
msg #97260
Ignore four
10/31/2010 3:36:55 AM

Any thoughts ?

Fetcher[
high reached a new 5 day low
low reached a new 5 day low
volume > 123654
close > 1
]





louie6digits
34 posts
msg #97263
Ignore louie6digits
10/31/2010 1:26:34 PM

Need to focus on STRENTH filters. Ex, WEEKLY MACD(2,3,1) is a strenth and correction filter. When it is above 0, then it means stock has increasing strenth and you can buy. Linear Regression is a direction filter and needs to be drawn on
every price plot. If a stock has decreasing strenth, then never buy it. RSI(2) is a good direction filter. But when you add
weekly RSI(2) below 20, then it picks stocks exausted by selling pressure and when Weekly RSI(2) crosses above 20, the
stock ONLY reverses if it has increasing strenth as depicted by the Linear regression(60,1.0) above 0.

Fetcher[high reached a new 5 day low
low reached a new 5 day low
draw weekly macd(2,3,1)
slope of linear regression(60,1.0) above 0
volume > 123654
draw rsi(2)
close > 1
]




louie6digits
34 posts
msg #97264
Ignore louie6digits
10/31/2010 1:46:08 PM

I would like to use CODI as a perfect stock which I refer to as having increasing strenth. The stock reversed exactly
when Weekly MACD(2,3,1) reversed at 0. Weekly MACD(2,3,1) stayed above 0 the entire time. Problem I have with
Weekly MACD(2,3,1) is that it is a JACK of 2 trades. It is a much better correction filter than a strength filter.

Fetcher[symlist(codi)
high reached a new 1 day low
low 1 day ago reached a new 1 day low
draw weekly macd(2,3,1)
slope of linear regression(60,1.0) above 0
draw rsi(14) line at 45
rsi(14) above 45
volume > 123654
draw rsi(2)
close > 1
]



four
3,995 posts
msg #97265
Ignore four
modified
10/31/2010 2:33:56 PM

Thanks for the ideas on the previous filter.

Thoughts on below?

Fetcher[close between 2 and 3
draw cema(ema(9),5)
draw ema(5)

average volume(30) is above 25000

]



louie6digits
34 posts
msg #97267
Ignore louie6digits
10/31/2010 7:09:22 PM

Your filters are not complete. I added some work! Keep upgrading...


Fetcher[ close between 2 and 3
draw cema(ema(9),5)
do not draw ema(9)
set{truth, count(ema(5) above cema(ema(9),5),9)}
draw truth line at 5
draw truth line at 2.5
truth above 2.5 {LOL it works! Not my cup of tea.}
draw ema(5)
rsi(2) below 50
rsi(2) above rsi(2) 1 day ago
weekly rsi(2) above weekly rsi(2) 1 day ago
average volume(30) is above 25000
offset is 4 days { Very Nice } ]


four
3,995 posts
msg #97269
Ignore four
modified
10/31/2010 9:08:53 PM

Fetcher[
rsi(2) >= rsi(2) 1 day ago
rsi(2) = rsi(2) reached a new 2 day high
rsi(2) 1 day ago < 10
rsi(2) < 5
close between 1 and 100
avgvol(22) >= 50000
]



louie6digits
34 posts
msg #97274
Ignore louie6digits
11/1/2010 9:24:48 AM

Here is what I am trying to say, when you back test your filter it produces some sloppy results. As you can see from the
11 days ago results, CPA was the only stock with increasing strenth. WHY DID THE 2 OTHER STOCKS TANK?

Fetcher[
rsi(2) >= rsi(2) 1 day ago
rsi(2) = rsi(2) reached a new 2 day high
rsi(2) 1 day ago < 10
rsi(2) < 5
close between 1 and 100
avgvol(22) >= 50000
offset is 11 days
]



StockFetcher Forums · Filter Exchange · * 5 day low reached for high and low<< >>Post Follow-up

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