StockFetcher Forums · Filter Exchange · Consolidation Filter -- CNH Daily Chart<< >>Post Follow-up
jhenninger
63 posts
msg #56167
Ignore jhenninger
10/29/2007 8:58:56 PM

Hello all,

I was wondering if anyone is aware of a consolidation screen that has the capability of picking up a formation that is similiar to the one that CNH is currently displaying on its daily chart? This is a very nice congestion formation near the highs in the wake of a consistent uptrend, and the stock looks poised to make a run at fresh highs over the coming sessions, so I was wondering if there is a way of screening for these types of setups?

I sincerely appreciate any and all insight,

Jon

TheRumpledOne
6,359 posts
msg #56173
Ignore TheRumpledOne
modified
10/29/2007 11:17:04 PM

Fetcher[
/* TOP CONSOLIDATION FILTER */

/* enter your Upper Limit criteria */
set{UpperLim, High 8 week High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 8 week Low}

set{ULCL, UpperLim - close}

set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{BallOnx, PPDiv * 100}
set{BallOn, round(BallOnx,0)}

set{consolid8, count( BallOn is between 90 and 100, 20) }

add column BallOn

consolid8 equal 20
]



This filter is set up to check the price range over the last 8 weeks and then find stocks that have "consolidated" in the 90 - 100% area of the range over the last 20 days.

You can tweak this filter for the number of weeks for the range, the number of days of consolidation and the consolidation area.





TheRumpledOne
6,359 posts
msg #56174
Ignore TheRumpledOne
10/29/2007 11:26:02 PM

Fetcher[
/* BOTTOM CONSOLIDATION FILTER */

/* enter your Upper Limit criteria */
set{UpperLim, High 8 week High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 8 week Low}

set{ULCL, UpperLim - close}

set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{BallOnx, PPDiv * 100}
set{BallOn, round(BallOnx,0)}

set{consolid8, count( BallOn is between 0 and 10, 20) }

add column BallOn

consolid8 equal 20
]



This version is for consolidation in the 0 - 10% area of the 8 week range over the last 20 days.


TheRumpledOne
6,359 posts
msg #56175
Ignore TheRumpledOne
modified
10/29/2007 11:27:35 PM

Fetcher[
/* MIDDLE CONSOLIDATION FILTER */

/* enter your Upper Limit criteria */
set{UpperLim, High 8 week High}

/* enter your Lower Limit criteria */
set{LowerLim, Low 8 week Low}

set{ULCL, UpperLim - close}

set{LimDiff, UpperLim minus LowerLim}
set{PPDiff, CLOSE minus LowerLim}
set{PPDiv, PPDiff / LimDiff}
set{BallOnx, PPDiv * 100}
set{BallOn, round(BallOnx,0)}

set{consolid8, count( BallOn is between 40 and 60, 20) }

add column BallOn

consolid8 equal 20
]




This version is for consolidation in the 40 - 60% area of the 8 week range over the last 20 days.

Now, you come up with some ideas.

jhenninger
63 posts
msg #56182
Ignore jhenninger
10/30/2007 8:12:28 AM

Wow, those are great. Thank you very much.

I have the ideas, just not the technical SF expertise to create them. Still working on that...

TheRumpledOne
6,359 posts
msg #56185
Ignore TheRumpledOne
10/30/2007 9:05:00 AM

Instead of learning how to write filters, focus on TRADING.



contrahawk
68 posts
msg #56187
Ignore contrahawk
10/30/2007 10:05:43 AM

YEE HAH!

StockFetcher Forums · Filter Exchange · Consolidation Filter -- CNH Daily Chart<< >>Post Follow-up

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