StockFetcher Forums · Filter Exchange · Bearish tripple<< >>Post Follow-up
grass
10 posts
msg #33422
Ignore grass
9/28/2004 4:14:18 PM

Hi All,
I'd like to build a bearish filter based on MACD, RSI and SlowStoch.

As I'm an option trader I came up with the following:
Show stocks where MACD fast line crossed below the MACD slow line within last 3 days
and Slow Stochastic(14,3) Fast %K crossed below Slow Stochastic(14,3) Slow %D within the last 3 days
and RSI(2) is above 70
and Not OTCBB
and stocks are optionable

The trouble is: it doesn't look bearish. Can anyone tell me what I'm doing wrong ?


mistry
11 posts
msg #33428
Ignore mistry
9/28/2004 11:24:40 PM

Hi Grass ,

The problem seems to be the relative timing of the events for MACD crossover, the Stochastics and the RSI(2) - They are not necssarily coincident.
As a matter of fact , I am an option trader too and looking for the same bear filter selection screen.

You might want to try and see if this filter will help, or combine the filter.
Sometime I see it better to not put to many conditions into the filter - KISS and let the visual inspection make the final call.

Fetcher [Set {MACDdelta, MACD fast line(12,26)-MACD slow line(12,26)}
Show stocks where MACD fast line(12,26) crossed below MACD slow line(12,26) within the last 3 day
and Average Volume(90) is above 50000
and close is between 5 and 250
and MACDdelta is greater than -0.15
and stock is optionable
and date offset is 0
]

the MACDdelta is a measure of the separation of the Fast and Slow lines after crossing and the 'force' of the down swing.


james549
53 posts
msg #33431
Ignore james549
9/29/2004 7:34:38 AM

Try this one.
FETCHER {Show stocks where MACD fast line(12,26) crossed below MACD slow line(12,26) within the last 5 day
and Show stocks where MACD histogram(12,26) is above -0.15
and Show stocks where RSI(15) crossed above 70 within the last 3 days
and Slow Stochastic(14,3) Fast %K crossed below Slow Stochastic(14,3) Slow %D within the last 3 days
and Average Volume(90) is above 50000
and close is between 10 and 250
and stocks are optionable
and date offset is 0


xplorer
257 posts
msg #33445
Ignore xplorer
9/29/2004 10:10:51 PM

Fetcher[Show stocks where MACD fast line(12,26) crossed below MACD slow line(12,26) within the last 5 day
and Show stocks where MACD histogram(12,26) is above -0.15
and Show stocks where RSI(15) crossed above 70 within the last 3 days
and Slow Stochastic(14,3) Fast %K crossed below Slow Stochastic(14,3) Slow %D within the last 3 days
and Average Volume(90) is above 50000
and close is between 10 and 250
and stocks are optionable
and date offset is 0
]




james549
53 posts
msg #33451
Ignore james549
9/30/2004 7:07:29 AM

xplore,
What did I do wrong in entering the post? Mine was text only.
Can you help?



cegis
235 posts
msg #33454
Ignore cegis
9/30/2004 8:17:08 AM

james549,

Your filter didn't result in a hot link because you didn't get the syntax quite right. The filter needs to be enclosed in square brackets ("[" and "]"), and no space between "Fetcher" and the first "[".

Also, if you preview your message, SF will show the filter as a link if it will end up as one once it's posted.

HTH,

C


james549
53 posts
msg #33467
Ignore james549
10/1/2004 7:14:05 AM

Thankyou


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