StockFetcher Forums · Filter Exchange · Breakouts - How to find a breakout?<< >>Post Follow-up
showmethe$$$
3 posts
msg #98748
Ignore showmethe$$$
1/26/2011 4:08:40 PM

Anyone know what criteria i can use to find a breakout to the long side?

I want the 1st break out from a base, not 1-3 months down the road, please.

Thank you,

KP

TheRumpledOne
6,362 posts
msg #98751
Ignore TheRumpledOne
1/26/2011 4:30:31 PM

I know I posted a filter for that years ago....

Some many filters, so little time...

duke56468
683 posts
msg #98752
Ignore duke56468
1/26/2011 5:17:47 PM

This might get you started

Fetcher[
show stocks with Narrow 90-day Channel Near Top
and volume 200% above average volume(90)
]



showmethe$$$
3 posts
msg #98753
Ignore showmethe$$$
1/26/2011 5:34:33 PM

Thanks...I'll see if I can track down that filter you wrote using your name!

KP

showmethe$$$
3 posts
msg #98754
Ignore showmethe$$$
1/26/2011 5:37:42 PM

Thanks Duke!

damoore
9 posts
msg #98925
Ignore damoore
2/5/2011 11:24:07 AM

The best way to catch breakouts while they are happening is to create price alerts. I set price alerts $0.10 above the resistance and $0.10 below the support. I then watch the price action and look for volume to see if the breakout is sustainable. To see an example of this type of trade...I was in $JNPR on Friday Feb 4th 2011 at $38.75. This requires work on your part to do your own technical analysis of support and resistance.

jimvin
98 posts
msg #98927
Ignore jimvin
modified
2/5/2011 1:12:25 PM

I've tried half-a-dozen breakout filters and for my tradin style (short, no mroe than 3 to 5 stocks, buy Monday sell no later than Friday at 3:30 and using a 5% stop-loss) this one shows the most promise.

Credit for authorship is given in the filter heading.

As with any filter, I would run it on paper using your trading style for 4 to 6 weeks before putting real money in.

Note also, if you don't want to trade pennies, you may want to add the line

and price > 5

Fetcher[/* TRO STAT SCAN - 2 BAR BREAK OUTS PER WEEK */

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{Long_Profit, high - high 2 day high 1 day ago}

set{B10A, count(Long_Profit > .10 , 100)}

set{A10A, count(Long_Profit > .10 , 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT 0.10}
and add column AvgRng

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator

/* SELECTION CRITERIA */

B10A above 10
close above 1
average volume(90) above 500000

sort column 5 descending
]



StockFetcher Forums · Filter Exchange · Breakouts - How to find a breakout?<< >>Post Follow-up

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