StockFetcher Forums · Filter Exchange · Chikou Span line?<< >>Post Follow-up
Rock Sexton
109 posts
msg #93472
Ignore Rock Sexton
6/3/2010 11:08:12 PM

Anyone have a filter for creating the chikou span line ..... I've been using a filter that was posted on here for Ichimoku, but it doesn't have one.

four
4,012 posts
msg #93473
Ignore four
6/3/2010 11:41:54 PM

Fetcher[/* For longs: */
Show stocks where volume is above 500000
close 1 days ago is below close 27 days ago
close is above high 26 days ago
set{CS, DMA(1,-26)}
draw CS on plot price
]



http://forums.stockfetcher.com/sfforums/?q=view&tid=76898&start=10

.the Chikou is just today's Close plotted backward 26 days (ie. a 26 day MA of the current Close displaced backward 26 days) !

The idea behind it is to give you an "at a glance" read on sentiment.

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If the Chikou is hovering ABOVE the price plot...that tells you that TODAY'S price is ABOVE the price 26 days ago...so sentiment is positive !

If the Chikou is hovering BELOW the price plot...that tells you that TODAY'S price is BELOW the price 26 days ago...so sentiment is negative !

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http://forums.stockfetcher.com/sfforums/?q=view&fid=1002&tid=76898&qrid=&isiframe=

StockFetcher Forums · Filter Exchange · Chikou Span line?<< >>Post Follow-up

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