StockFetcher Forums · Filter Exchange · Consolidation Range<< >>Post Follow-up
ds2007
15 posts
msg #54268
Ignore ds2007
8/21/2007 7:02:50 PM

I have had best success at trading stocks that drop 4% - 8% over a period of a few weeks, then consolidate in a narrow range of 1 - 2% over a few/several days, then sell the breakdown.
I have tried to scab a formula together, but my programming skills stink. I don't get the results that mirror the pattern I am looking for.
Any takers that will do the programming.
If such a formula exists anywhere in the forum, I can't find it.

msummer2007
129 posts
msg #54269
Ignore msummer2007
8/21/2007 7:28:58 PM

Ds2007 Try this
Fetcher[Show stocks where close has decrease between 4% and 8% over the last 3 weeks
and close is greater than 3% above low 3 week low for the last 3 days
and close is greater than 2% below high 3 week high for the last 3 days
and average volume(90) is above 1000000
]




ds2007
15 posts
msg #54270
Ignore ds2007
8/21/2007 7:50:25 PM

Thanks msummer2007, that gets me well on my way. The results show stocks that are basing for the next leg down. I am shooting for the trading strategy that stocks will often drop 50% of their overall move, base for a period, then move the remaining 50%. I should have said that up front to help with the filter, but you got the intent for sure.


msummer2007
129 posts
msg #54271
Ignore msummer2007
modified
8/21/2007 8:26:09 PM

DS2007 Your welcome. I changed the filter slightly, maybe this will work better.
Fetcher[Show stocks where close has decrease between 4% and 8% over the last 3 weeks
and close is greater than 3% above low 3 week low for the last 3 days
and close is greater than 2% below high 3 week high for the last 3 days
and average volume(90) is above 1000000
and close has reached a new 3 day low
]




StockFetcher Forums · Filter Exchange · Consolidation Range<< >>Post Follow-up

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