StockFetcher Forums · Filter Exchange · Ascending Triangle<< >>Post Follow-up
p3corion
3 posts
msg #31027
Ignore p3corion
2/9/2004 4:05:03 PM

Hi,

I saw some very interesting filters in this forum from people with alot of
knowledge. This is my first stab at writing a filter. I find it a little
difficult with out a syntax checker. I guess the best way to write code,
is one small step at a time.

I'm working on an ascending triangle scan to catch the price movement
before breaking out and nearing a 6 month high. The time frame I expect
the breakouts to occur is 1 to 3 weeks.

Is there a way to determine the most recent endpoints for both the upper and lower ascending arms of the triangle. I would like to find the difference between the two endpoints and be able to calculate a closing price 40% up from the lower ascending triangle.
Example: Upper end point = $20.00
Lower end point = $15.00
40% Up from Lower=$17.00
Any suggestions for improvement greatly appreciated.
Thanks,
p3corion

Show stocks where close is less than 10% below the 124 day high
and Average Volume(90) is above 100000
and close is between 1 and 40
and close is below upper ascending triangle(65)
and close is above lower ascending triangle(65)



cegis
235 posts
msg #31072
Ignore cegis
2/13/2004 2:40:26 PM

How 'bout:

set{ut,upper ascending triangle(65)}
set{lt,lower ascending triangle(65)}
set{diff,ut - lt}
set{pct40,0.4 * diff}
set{target,lt + pct40}
close > target
and close is less than 10% below the 124 day high
and Average Volume(90) is above 100000
and close is between 1 and 40
and close is below upper ascending triangle(65)
and close is above lower ascending triangle(65)

This assumes you want the close to be higher than the 40% mark ("close > target" phrase).

This takes 40% of the difference between the high and low, and adds it to the low to get the target price.

HTH,

C


p3corion
3 posts
msg #31092
Ignore p3corion
2/14/2004 8:52:45 PM

Thanks cegis,

That is exactly what I needed.
Thanks for the hard work.

p3corion


chetron
2,817 posts
msg #75798
Ignore chetron
6/25/2009 7:48:45 PM

POP.....

Fetcher[
set{ut,upper ascending triangle(65)}
set{lt,lower ascending triangle(65)}
set{diff,ut - lt}
set{pct40,0.4 * diff}
set{target,lt + pct40}
close > target
and close is less than 10% below the 124 day high
and Average Volume(90) is above 100000
and close is between 1 and 40
and close is below upper ascending triangle(65)
and close is above lower ascending triangle(65)
]



StockFetcher Forums · Filter Exchange · Ascending Triangle<< >>Post Follow-up

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