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
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TheRumpledOne
6,407 posts
msg #56173
- Ignore TheRumpledOne
modified |
10/29/2007 11:17:04 PM
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.
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TheRumpledOne
6,407 posts
msg #56174
- Ignore TheRumpledOne |
10/29/2007 11:26:02 PM
This version is for consolidation in the 0 - 10% area of the 8 week range over the last 20 days.
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TheRumpledOne
6,407 posts
msg #56175
- Ignore TheRumpledOne
modified |
10/29/2007 11:27:35 PM
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.
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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...
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TheRumpledOne
6,407 posts
msg #56185
- Ignore TheRumpledOne |
10/30/2007 9:05:00 AM
Instead of learning how to write filters, focus on TRADING.
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contrahawk
68 posts
msg #56187
- Ignore contrahawk |
10/30/2007 10:05:43 AM
YEE HAH!
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