StockFetcher Forums · Filter Exchange · ANOTHER STAT FILTER.....<< 1 2 >>Post Follow-up
chetron
2,817 posts
msg #73912
Ignore chetron
modified
4/28/2009 9:36:04 PM

PLAYING WITH PRICE ACTION FRACTALS, I NOTICED A STAT THAT I THOUGHT WAS INTERESTING

IF TODAY'S LOW IS BELOW YESTERDAY'S LOW, TODAY'S CLOSE WILL BE BELOW YESTERDAY'S CLOSE

AND VICE A VERSA FOR THE HIGH V. CLOSE

SO IF THE LOW BREAKS YESTERDAY'S LOW AND PRICE CROSSES ABOVE YESTERDAY'S CLOSE, SHORTME.

FXI, ON 4/28/09, IS MY MODEL

CAC IS THE PERCENTAGE OF TODAY'S CLOSE ABOVE YESTERDAY'S CLOSE, WHEN TODAY'S HIGH IS ABOVE YESTERDAY'S HIGH

CBC IS THE PERCENTAGE OF TODAY'S CLOSE BELOW YESTERDAY'S CLOSE, WHEN TODAY'S LOW IS BELOW YESTERDAY'S LOW

Fetcher[

/* TACHIKAWA */
set{var1a,close 1 day ago}
set{var1b,low 1 day ago}

set{var1,count(close below var1a,1)}
set{var2,count(low below var1b,1)}
set{var3a,var1 * var2}

set{var3,count(var3a above .5,100)}
set{var4,count(var1 above .5,100)}
set{var5,count(var2 above .5,100)}

set{cbc%,var3 / var5}
set{var7,count(high above var1a,1)}

set{var11b,high 1 day ago}

set{var11,count(close above var1a,1)}
set{var12,count(high above var11b,1)}
set{var13a,var11 * var12}

set{var13,count(var13a above .5,100)}
set{var14,count(var11 above .5,100)}
set{var15,count(var12 above .5,100)}

set{cac%,var13 / var15}
set{var17,count(low below var1a,1)}

set{shortme,var2 * var7}
set{buyme,var12 * var17}
set{plays,shortme + buyme}

plays above .5

add column cac%
add column cbc%
add column buyme
add column shortme

do not draw plays

cbc% above .8
cac% above .8
close above .1
volume above 1000000

sort column 7 descending
]



Eman93
4,659 posts
msg #73915
Ignore Eman93
modified
4/29/2009 12:55:02 AM

Thats cool Chet..

That gets me thinking,

We know that the 3 strongest pivot points are yesterdays close, yesterdays high and low.

And we kow that if you add yesterdays close, yesterdays high and low and divide by 3 you get another pivot point....

Lets call this point the average day pivot.....

if Open is above the average day pivot (ADP), how many times will it cross yesterdays high?

if Open is below ADP how many times will it cross yesterdays low?

----------------------------------------------------
In your filter above you may want to add a count colum to show how many time this event occured....

I like your logic, I was trying to figure out how to count several events in the same day.....

why do you use .5 instead of 0?

var3a, var 1 and var2 should either be 0 or 1 right?


set{var3,count(var3a above .5,100)}
set{var4,count(var1 above .5,100)}
set{var5,count(var2 above .5,100)}




Eman93
4,659 posts
msg #73916
Ignore Eman93
modified
4/29/2009 1:14:49 AM

added columns


Fetcher[

/* TACHIKAWA */
set{var1a,close 1 day ago}
set{var1b,low 1 day ago}

set{var1,count(close below var1a,1)}
set{var2,count(low below var1b,1)}
set{var3a,var1 * var2}

set{var3,count(var3a above .5,100)}
set{var4,count(var1 above .5,100)}
set{var5,count(var2 above .5,100)}

set{cbc%,var3 / var5}
set{var7,count(high above var1a,1)}

set{var11b,high 1 day ago}

set{var11,count(close above var1a,1)}
set{var12,count(high above var11b,1)}
set{var13a,var11 * var12}

set{var13,count(var13a above .5,100)}
set{var14,count(var11 above .5,100)}
set{var15,count(var12 above .5,100)}

set{cac%,var13 / var15}
set{var17,count(low below var1a,1)}

set{shortme,var2 * var7}
set{buyme,var12 * var17}
set{plays,shortme + buyme}

plays above .5

add column cac%
add column cbc%
add column buyme
add column shortme

add column var3 {low close}
add column var13 {high close}

do not draw plays

cbc% above .8
cac% above .8
close above .1
volume above 1000000

sort column 7 descending
]



Eman93
4,659 posts
msg #73917
Ignore Eman93
4/29/2009 1:27:53 AM

So let see the bet is LQD will close higher than 95.85 and STEM will close above 1.69...

your entry should be near or below these price levels.........


chetron
2,817 posts
msg #73922
Ignore chetron
4/29/2009 6:41:14 AM

I USE .5 INSTEAD OF 0 OR 1, BECAUSE I HAVE SEEN .1 RESULTS AT TIMES IN MY TRAVELS ON STOCKFETCHER, SO NOW IT IS JUST AUTOMATIC FOR ME TO USE IT ALL THE TIME TO GET SOLID RESULTS.


chetron
2,817 posts
msg #73923
Ignore chetron
4/29/2009 6:56:10 AM

FOR THE OPEN...


Fetcher[


/* TACHIKAWA */
set{var1a,OPEN 1 day ago}
set{var1b,low 1 day ago}

set{var1,count(OPEN below var1a,1)}
set{var2,count(low below var1b,1)}
set{var3a,var1 * var2}

set{var3,count(var3a above .5,100)}
set{var4,count(var1 above .5,100)}
set{var5,count(var2 above .5,100)}

set{ObO%,var3 / var5}
set{var7,count(high above var1a,1)}

set{var11b,high 1 day ago}

set{var11,count(OPEN above var1a,1)}
set{var12,count(high above var11b,1)}
set{var13a,var11 * var12}

set{var13,count(var13a above .5,100)}
set{var14,count(var11 above .5,100)}
set{var15,count(var12 above .5,100)}

set{OaO%,var13 / var15}
set{var17,count(low below var1a,1)}

set{shortme,var2 * var7}
set{buyme,var12 * var17}
set{plays,shortme + buyme}

plays above .5

add column OaO%
add column ObO%
add column buyme
add column shortme

add column var3 {low OPEN}
add column var13 {high OPEN}

do not draw plays

ObO% above .8
OaO% above .8
close above .1
volume above 1000000

sort column 7 descending

]



chetron
2,817 posts
msg #73924
Ignore chetron
4/29/2009 7:30:56 AM

and i believe that this ultimately reinforces again the old adage, " short when the price goes below yesterday close, on red" and "buy when the price goes above yesterday's close, on green".

because if a lower low walks hand in hand with a lower close, then a lower close will bring you a lower low and vice a versa, just a different skinning technique on the same cat.


hth

Eman93
4,659 posts
msg #73939
Ignore Eman93
modified
4/29/2009 7:58:25 PM

Nice Job Chet!!!!!

A gap down is bullish.....this was one of those 20% days gap down stay down.

miketranz
716 posts
msg #73949
Ignore miketranz
4/29/2009 11:28:25 PM

Chet,if you're interested in stats,you should read the section on Gil Blake of "New Market Wizards".Here's a guy who did'nt even own a computer.He would go to the library every day for months on end,to research non random price movements in mutual funds,on microfilm.He would only put on a trade if it had an 85% chance of follow through the next day.Can you imagine,not only the time he would have saved,but the filtering aspect,if he used SF? I stopped trading of charts recently and trade off stats primarily.I'll still look at charts as a reference.The most important being imho,is the stock overbought or oversold.I only trade 2 stocks,and watch their movements every day,open to close.If I don't take a trade for a week,no problem.I'll only trade when the odds are tilted in my favor,from my own observations.My question to you,since you are well versed in filters,is can you come up with a filter that has a 75%or greater follow through rate?Thanks,Mike....

chetron
2,817 posts
msg #73958
Ignore chetron
4/30/2009 11:15:28 AM

THANX MIKE

StockFetcher Forums · Filter Exchange · ANOTHER STAT FILTER.....<< 1 2 >>Post Follow-up

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