StockFetcher Forums · Filter Exchange · A Breakout filter you'll never forget!<< >>Post Follow-up
riggs
313 posts
msg #38556
Ignore riggs
10/24/2005 5:06:34 PM

Hey guys, been playing with about 4 or 5 of these for the last month, so here's the best filter I have come up with. IMO, it's the best damn breakout you will ever see. There might be something out there as good, but not better, so here it go's.....

[show stocks where RSI(14)crossed above CEMA(RSI(14),5)and slow stochastics(5,3)fast %K crossed above slow stochastics(5,3)slow %D and average volume(90)is above 300000 and draw Bollinger Bands(20,2.0)draw EMA(3)draw EMA(13)draw ema(39)draw EMA(200)and add column industry]

Now what you're looking for is a possible EMA 3 / 13 crossover or even EMA 13 / 39. So make sure these EMA'S are in close proximity of one another. Also, when looking at breakouts NEVER neglect Volume. You can also tweak this by having the RSI above 40 on breakouts, either way, you can't miss with this one. Tell me your thoughts good or bad.

THE MIGHTY RIGGS


TheRumpledOne
6,359 posts
msg #38560
Ignore TheRumpledOne
10/24/2005 8:21:14 PM

Fetcher[
/* my additions */
set{profit, close - close 1 day ago}
add column profit
sort column 5 descending

/* original below this line */
show stocks where RSI(14)crossed above CEMA(RSI(14),5)
and slow stochastics(5,3)fast %K crossed above slow stochastics(5,3)slow %D
and average volume(90)is above 300000
and draw Bollinger Bands(20,2.0)
draw EMA(3)
draw EMA(13)
draw ema(39)
draw EMA(200)
and add column industry
]



MAY ALL YOUR FILLS BE COMPLETE.


Railwhore
69 posts
msg #38561
Ignore Railwhore
10/24/2005 9:16:04 PM

Add

and volume increasing last 2 days

OR

/* %volume since 13 days*/
set{vd13, volume - average volume(13)}
set{vr13, vd13 / average volume(13)}
set{%vol13, vr13 * 100.0}

for volume confirmation!


alf44
2,025 posts
msg #38662
Ignore alf44
11/2/2005 12:35:38 AM

"A Breakout filter you'll never forget!"

Hmmm...

Apparently...this filter HAS been forgotten !

Doesn't something have to be "memorable"...before it can be "forgotten" ?

LOL


alf44




riggs
313 posts
msg #38663
Ignore riggs
11/2/2005 2:12:39 AM

Yeah? You remembered it though didn't you Ralph? And by doing so...you brought back up to the top where it belongs. Thanks ALF....I mean Ralph. What a maroon!

THE MIGHTY RIGGS


BFreshour
139 posts
msg #38669
Ignore BFreshour
11/2/2005 9:01:55 AM

This was returning too many results for me... I modified it to the following:

/* variables */
set{profit, close - close 1 day ago}

/* %volume since 13 days*/
set{vd13, volume - average volume(13)}
set{vr13, vd13 / average volume(13)}
set{%vol13, vr13 * 100.0}

*/ globals */
average volume is above 250000
close is above 1
stock is optionable

/* avoid gaps */
low is below high 1 day ago

/* criteria */
rsi(14) crossed above cema(rsi(14),5)
slow stochastics(5,3) %k crossed above slow stochastics(5,3) %d
ema(13) approaching ema(39) from below

/* columns */
add column %vol13
add column ema(3)
add column ema(13)
add column ema(39)
add column ema(200)

/* draw */
draw ema(3)
draw ema(13)
draw ema(39)
draw ema(200)

/* sort */
sort by column 5 descending


StockFetcher Forums · Filter Exchange · A Breakout filter you'll never forget!<< >>Post Follow-up

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