StockFetcher Forums · Filter Exchange · Breakout filter<< 1 2 >>Post Follow-up
miketranz
716 posts
msg #80251
Ignore miketranz
9/28/2009 11:51:12 PM

Can anyone create a filter which finds stocks making a new 6 month high,but never a previous one in that 6 month period,and breaks an upper BB w/50% higher volume than the previous day,and volume must be +200,000.I'm looking for stocks making a move off a low level base.CHIP would be a good example.Any help would be highly appreciated.Thanks,Mike.............

karennma
6,827 posts
msg #80261
Ignore karennma
modified
9/29/2009 8:45:34 AM

Mike:
I'm not a good filter writer, but I do remember many YEARS ago, Muddy wrote a filter re: stocks with NARROW Bollinger Band widths for a certain period of time (3-6 months). The stocks never moved above or below the BBs, then suddenly they'd break out on higher volume.
I'll see if I can find it in the archives.


miketranz
716 posts
msg #80264
Ignore miketranz
9/29/2009 8:51:13 AM

Thank you.Anyone else want to take a shot? Chet,Kevin........

karennma
6,827 posts
msg #80265
Ignore karennma
9/29/2009 9:01:20 AM

Funny thing ...
I just looked in the archives, and I asked the same question FOUR years ago!
LOL!
I don't think I had any success with the BBs. The filter you want is simply one where the stock has remained within a narrow trading range for an extended amount of time.
Anyway ... how about a filter with historical volatility at 0 ....?
That might work.


trendscanner
265 posts
msg #80305
Ignore trendscanner
modified
9/29/2009 7:46:38 PM

I think it might look something like this but since it doesn't return any hits, I can't tell if it's right. Debug thinks it's OK but that doesn't mean it's what you're looking for.

Fetcher[
close reached new 13 week high
Count(close one day ago above 13 week high, 99) < 0.5
new 13 week high 13 weeks ago below 13 week high
Count(close above 13 week high 13 weeks ago, 99) < 0.5
volume > 500000
high above upper bollinger band(20,2)
volume 150% above volume 1 day ago
]






heypa
283 posts
msg #80311
Ignore heypa
9/29/2009 8:48:16 PM

I don't understand writing scans but how can your count criteria and the first line co-exist?

Cacher
121 posts
msg #80312
Ignore Cacher
modified
9/29/2009 8:52:03 PM

Not sure why ....but I believe its the count line is the broblem

this give plenty .....
Fetcher[
close reached new 13 week high one day ago
Count(close one day ago above 13 week high, 99) > 0.5
]




this gives none...
Fetcher[
close reached new 13 week high one day ago
Count(close one day ago above 13 week high,99) < 0.5
]



Cacher
121 posts
msg #80313
Ignore Cacher
modified
9/29/2009 8:55:38 PM

heypa.....you are right they could not co-exist ..the first line would mean the count woulld have to be at least one ... but the second line says the count is less then one ....

... I think programming is meant for you ...good catch.

Cacher
121 posts
msg #80315
Ignore Cacher
9/29/2009 9:22:37 PM

even reducing the filter to show new highs 1 day ago,... each of the resulting stock show "new highs" on the way up (looking at the charts).....

Fetcher[

close reached new 13 week high one day ago

volume > 500000
high above upper bollinger band(20,2)
volume 150% above volume 1 day ago
]



Cacher
121 posts
msg #80318
Ignore Cacher
9/29/2009 9:33:15 PM

ok ... I looked at your CHIP chart ... this simple filter produces simila charts... you can add other criteria ...so its a start.... I could of used price ... but I like volume as a force that speaks louder then price.... :

Fetcher[
set{gainer,volume/average volume(3)}
gainer is greater then 1.4
and volume is greater then 500000
and price is greater then .03
]



StockFetcher Forums · Filter Exchange · Breakout filter<< 1 2 >>Post Follow-up

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