StockFetcher Forums · Filter Exchange · Find Bull and Bear Flags<< 1 2 3 4 >>Post Follow-up
Systrader
56 posts
msg #77321
Ignore Systrader
8/6/2009 7:50:27 PM

Trading with Bull and Bear Flags , particularly as continuation patterns, can be very profitable . - if the stocks can be located with this pattern in the early stages.
I am looking to create a fliter where a stock has had candles thrusting in any one direction starting from 7 days ago, till 4 days ago, but since the last 3 days they have started to channel with slighlty lower closes, to form the flag.
the higher the thrust , the better the trade can be. Usually the candles in the thrust period are very big compared to the average candle sizes, just before the flag start to form.

I tried this fliter but it does not generate any results.

Stock
Fetcher[
set {close4 close 4 days ago}
set {close7, close 7 days ago}
set {flagpole, abs(close7 - close4 )}
set {flag, abs(close - close4)}
show stocks where flagpole is above 3 and
flag is above 0.50 and
Average Volume(21) is above 100000 and
price is above 10 and
stock is optionable and
add column pole
]



Appreciate some help.

Systrader
56 posts
msg #77322
Ignore Systrader
8/6/2009 7:57:25 PM

finger problems ! I did get results after correcting typos

stock
Fetcher[
set {close4, close 4 days ago}
set {close7, close 7 days ago}
set {pole, abs(close7 - close4 )}
set {flag, abs(close - close4)}
show stocks where pole is above 3 and
flag is above 0.50 and
Average Volume(21) is above 100000 and
price is above 10 and
stock is optionable and
add column flagpole
]



Any improvement or suggestions welcome

chetron
2,817 posts
msg #77323
Ignore chetron
modified
8/6/2009 7:59:16 PM

GUESS I'M TOO SLOW....



johnpaulca
11,309 posts
msg #77324
Ignore johnpaulca
8/6/2009 8:11:20 PM

add column flag...not flagpole.

Eman93
4,659 posts
msg #77376
Ignore Eman93
8/7/2009 6:54:52 PM

Fetcher[
set {close4, close 4 days ago}
set {close7, close 7 days ago}
set {pole, abs(close7 - close4 )}
set {flag, abs(close - close4)}
show stocks where pole is above 3 and
flag is above 0.50 and
Average Volume(21) is above 100000 and
price is above 10 and
stock is optionable and
add column flag
add column ind
]



Eman93
4,659 posts
msg #77377
Ignore Eman93
8/7/2009 6:58:36 PM

try this

Fetcher[/*Emans tight flag or Flat base Screen*/

close is above 1
close is below 10
close > close1 day ago
low > low 1 day ago

close is above Center Linear Regression line(6,1.0)
/*use these below to adjust the tilt in the flag*/

Linear Regression Slope(6) < 0.02

Linear Regression Slope(6) > -.01



set{upper, Top Linear Regression Line(6,1.0) + 0}

Average Volume(3) > 200000
set{vo, volume 1 day ago / volume}
set{vol%, vo * 100}
add column Linear Regression Slope(6)
add column upper
add column high
add column low
add column CMO(5)
add column vol%
add column ind
]



Systrader
56 posts
msg #77469
Ignore Systrader
8/12/2009 12:23:08 AM

Thanks for your help ema93. It does have some falgs but they are not picking up the strong patterns.
Looking to get large thrusting candles on the way up and small drop in the consolidation phase in 3 days following the large run up.

I found this posting back in April 2004 from cegis

http://beta.stockfetcher.com/sfforums/?q=view&fid=1001&tid=31547&qrid=

This seems top pick up some pretty good bull flags. Courtesy of cegis.Thanks.

Fetcher[set{flagpole,close 5 days ago / close 9 days ago} set{fpvol,average volume(4) 5 days
ago} set{flag4,close 4 days ago / close 5 day ago} set{flag3,close 3 days ago / close 5 days ago}
set{flag2,close 2 days ago / close 5 days ago} set{flag1,close 1 day ago / close 5 days ago} set
{fvol,average volume(4) 1 days ago} flagpole is greater than 1.1 and flag4 is between 0.95 and
1.05 and flag3 is between 0.95 and 1.05 and flag2 is between 0.95 and 1.05 and flag1 is between
0.95 and 1.05 and fpvol is greater than fvol and close is greater than close 1 day ago and price
between 2 and 50 and volume 30 day low is greater than 100000 add column flagpole add column
flag4 add column flag3 add column flag2 add column flag1 add column fpvol add column fvol
]



Again any improvements will be welcome.



chetron
2,817 posts
msg #77472
Ignore chetron
8/12/2009 6:40:58 AM

MAYBE...


Fetcher[
set{flagpole,close 5 days ago / close 9 days ago}
set{fpvol,average volume(4) 5 days ago}
set{flag4,close 4 days ago / close 5 day ago}
set{flag3,close 3 days ago / close 5 days ago}
set{flag2,close 2 days ago / close 5 days ago}
set{flag1,close 1 day ago / close 5 days ago}
set{fvol,average volume(4) 1 days ago}

flagpole is greater than 1.1
flag4 is between 0.95 and 1.05
flag3 is between 0.95 and 1.05
flag2 is between 0.95 and 1.05
flag1 is between 0.95 and 1.05
fpvol is greater than fvol
close is greater than close 1 day ago
price between 2 and 50
volume 30 day low is greater than 100000

add column flagpole
add column flag4
add column flag3
add column flag2
add column flag1
add column fpvol
add column fvol

FI(2) ABOVE FI(2) 13 DAY HIGH 1 DAY AGO
FI(2) 13 DAY HIGH 1 DAY AGO ABOVE FI(2) 13 DAY HIGH 14 DAY AGO
]



Systrader
56 posts
msg #77496
Ignore Systrader
8/12/2009 4:16:30 PM

Thanks Chetron.. I did a scan with your filter ,but see no results, so it looks like the filter is too tight.

To see exmaple of good bull flag patterna look at UEPS and WFTC as seen on a 6 month chart .

Notice Large candles( larger body sizes than average) on the way up and smaller consodlidation candles in the last 3 days with the volume strarting to increase as it may try to break out of the consolidation channel in next few days.



Eman93
4,659 posts
msg #77624
Ignore Eman93
8/17/2009 8:43:10 PM

Nice!!!!

StockFetcher Forums · Filter Exchange · Find Bull and Bear Flags<< 1 2 3 4 >>Post Follow-up

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