StockFetcher Forums · Filter Exchange · Darvas criteria<< 1 2 >>Post Follow-up
alichambers
48 posts
msg #37126
Ignore alichambers
7/28/2005 6:13:15 AM

Hi,

I'm using SF to run a Darvas type screen. He looked for stocks at an all time high and whose 52 week high is at least 2x the 52 week low.

How would I:

1) Screen for stocks whose 52 week high is at least 2x the 52 week low?
2) Screen for stocks whose high price is above 85% of the all time high?

Thanks,
Alex


trek
72 posts
msg #37127
Ignore trek
7/28/2005 10:17:06 AM

Alex,

Here is the filter I created for use with Darvax Boxes. I use a 7 yr High for the all time high, because SF doesn't have entire history of prices. I think SF only goes back 3 years, but I get different picks when I use 3 yr instead of 7 yr, so I've left it on 7 yrs. I always go to prophet.net and click on all years to make sure the picks are at the all time high. In most cases the 7 yr high is the all time high.

Fetcher[Set{hi52w, high 52 week high}
Set{lo52w, low 52 week low}
Set{hi/lo-Ratio, hi52w / lo52w}
SET{X, ATR(20) / CLOSE}
SET{ATR%,X * 100}

Show stocks whose price is near the 7 year high and AvgVol(20) is above 100000 and volume is above 50000 and close is between 3 and 250 AND hi/lo-Ratio IS GREATER THAN 1.85 and market is not otcbb and add column AvgVol(20) and add column high 7 year high and add column ma(30) and add column ATR(20) and add column ATR% and add column hi/lo-Ratio and add column industry description AND DRAW DARVAS BOX and draw high 7 year high and draw ma(30) and do not draw hi/lo-ratio and draw rsi(2) and add column rsi(2) and draw ema(13) and draw ema(26) and draw parabolic sar and draw adx and chart is candlestic
]





trek
72 posts
msg #37128
Ignore trek
7/28/2005 10:24:26 AM

Alex,

One follow up to previous method. I've noticed that the stock making new highs for the first time in a few months have performed great. I'm currently trying to use the count feature to show stocks that the current all time high has not been made for at least 60 days. Check out stock symbol rate to see what I mean. Maybe someone better with the count function than I am can give it a shot.

Good Luck,

Trek


markcrisp
187 posts
msg #37148
Ignore markcrisp
7/29/2005 7:56:56 AM

scanning for stocks at 7 years high is foolish. What about stocks at all time highs that have only been on the market for 1,2,3 years or so? Crazy to miss this. TZOO,BOOM are good examples.

I am the Darvas king... stressfreetrading.(com)


markcrisp
187 posts
msg #37149
Ignore markcrisp
7/29/2005 7:57:40 AM

One follow up to previous method. I've noticed that the stock making new highs for the first time in a few months have performed great.
-----------------------------------------------------------------------------
Basically this is a base break-out. No big deal.


markcrisp
187 posts
msg #37150
Ignore markcrisp
7/29/2005 7:59:03 AM

2) Screen for stocks whose high price is above 85% of the all time high?
------------------------------------------------------------------------------
NEVER has Darvas sued this criteria.... you are mistaken. He liked stocks at ALL Time highs, doubled past 52 weeks >$15. In all his books (3 of them) I never came across 85% above it's all time high.


alichambers
48 posts
msg #37153
Ignore alichambers
7/29/2005 10:14:30 AM

Thanks.

Mark, there is some confusion to my point 2 - I am looking for stocks that are bouncing in their top box. If the high price forms the top of the box, I'm guessing the current price could be anywhere within 15% of this high (not 85% above the high price), assuming it is bouncing. I manually view all stocks to see if they are indeed bouncing. I then buy on breakout to a further new high - ie. through the box top.

Trek - can you explain your method more. It sounds interesting. How would I scan for it?

Thanks,
Alex




trek
72 posts
msg #37154
Ignore trek
7/29/2005 10:21:40 AM

Mark good to hear from you,

You are right scanning for stocks at 7 yr high is foolish, but it is the best we can do with SF(probably even 3 years is the best we can do). If you notice I also said to cross check with prophet.net to make sure stock is at the all time high. However you were incorrect to assume this filter doesn't pick up new issues. You should have checked out the date offset.

You mentioned two excellent stocks, TZOO was picked up (date offset of 295), BOOM was also picked up (date offset of 175). This filter also picked up a nice little stock called TASR (date offset of 450).

/Make sure to sort by column ATR%/

Check out some of the more recent picks, however. NTRI date offset of 21 and ERS date offset of 45.

Notice on ERS how the volume also picked up, which DARVAS also looked for. You are right this is a simple base breakout, but I can't seem to get it into the filter correctly. Any HELP with this would be appreciated. I've tried the count feature, but can't figure it out.

You misunderstood the last part of Alex's question. It is not 85% above the high, it is 85% OF the all time high. (.85 times the all time high) This just alerts you to the stock just before it hits the all time high.

Lastly, I've read only two of DARVAS' books, "How I made 2 million dollars" and "Wall Street, the Other Las Vegas". I didn't realize there was a 3rd. What is it titled, I would love to read it?

Good Luck and Good Trading,

Trek


trek
72 posts
msg #37155
Ignore trek
7/29/2005 10:33:22 AM

Alex,

Sorry I did not see you last post explaining 85% of all time high to Mark.

To answer your Question. After the stocks are picked up by the filter, I watch to see which ones are valid by the price action of the stock and hopefully volume picks up when it breaks the top of the box.

The filter has picked some excellent stocks, but sometimes it picks to many. I sort by ATR% to see which ones are moving the most. Like I said previously, the stocks that have just hit all time high for the first time in a few months seem to perform well. Look at RATE, it made a perfect cup and handle.

Like Mark said this is a base break out, but I haven't figured out how to express it in the filter. Maybe Mark can help with that.

Avery, if your reading your help would be greatly appreciated. I figure it can be done with the Count feature, but I'm not very good with the complex features of SF.

Thanks in advance for any help,

Trek


markcrisp
187 posts
msg #37287
Ignore markcrisp
8/3/2005 3:14:34 PM

Darvas's third book:

"you Csan Still Make It In The Stock Market"

Out of print...expands on Las Vegas....nothing new but you do pick up one or two new gems.


StockFetcher Forums · Filter Exchange · Darvas criteria<< 1 2 >>Post Follow-up

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