StockFetcher Forums · Filter Exchange · BEAR FILTER HELP<< >>Post Follow-up
MACDONALD
18 posts
msg #98616
Ignore MACDONALD
1/17/2011 12:36:28 PM

I need help trying to make a "bear filter" counterpart of the following filter.

The original filter is posted over on the Public Filter thread.


Fetcher[set{ClOp,close - open}
set{x1,clop / open}
set{pct, x1 * 100}
set{y,count(pct is above 5, 20)}
y > 2
and rsi(2) is below 10
and price is above 5
and volume is above 100000
]



I am not really computer lterate when it comes to writing code, or even understanding it.

I am not really sure what parameters this filters produces, let alone how it does it.

Maybe that is why I have an ex-wife?

Any help is greatly appreciated!

thnx

Macdonald

jimvin
98 posts
msg #98619
Ignore jimvin
1/17/2011 3:34:38 PM

Dude, could you be a little more specific in your definition of "bear"? A low RSI pretty much identifies a stock that's going down, and if you run the filter today (based on Fridfay's market data) all the picks are down in price. That's pretty "bearish." What did you have in mind?

mahkoh
894 posts
msg #98620
Ignore mahkoh
modified
1/17/2011 4:14:43 PM

As I see it the filter above looks for stocks that are short term oversold (rsi < 10) and which have been up over 5 % three times or more during the last 20 trading days. The opposite would be down 5 % three times or more during this period and overbought.

Fetcher[
set{ClOp,close - open}
set{x1,clop / open}
set{pct, x1 * 100}
set{y,count(pct is below -5, 20)}
y > 2
and rsi(2) is above 90
and price is above 5
and volume is above 100000
]



Personally I wouldn't rush into shorting everything this filter comes up with.

jimvin
98 posts
msg #98621
Ignore jimvin
1/17/2011 4:24:06 PM

So "bullish" performance (actual) is actually "bearish" performance (projected); interesting interpretation...and quite probably true.

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