StockFetcher Forums · Filter Exchange · Gap's Up or Down by Maginnitue<< >>Post Follow-up
mslattery@dc.rr.com
86 posts
msg #98548
Ignore mslattery@dc.rr.com
1/12/2011 5:50:00 PM

I have tested every gap filter on SF. They return too many stocks that are not true gaps.

I am attempting to produce a filter that will return up and down gaps. The assumption here is if todays true_range is above or below yesterdays true_range by x amount this filter should be able to distinguish that once the thing is correct and dialed in.

Can someone assist me on the math that will produce both the above and below yesterdays true_range?

I have tried <> but it returns zero results. The filter below works but only returns up gaps.

Thanks for your assistance! Michael

set {range1, High + Low}
set {true_range, range1 / 2}
Show stocks where true_range 1 day ago / true_range > .05

dwiggains
391 posts
msg #98556
Ignore dwiggains
1/13/2011 9:46:45 AM

Hi
Gap up with range increase.

Fetcher[
set {gapup, open / close 1 day ago} add column gapup and gapup > 1.05 and sort column 5 descending
close > 1 and volume > 200,000
set {Range, atr(1) / atr (90)} add column Range
]



See ya
David

dwiggains
391 posts
msg #98557
Ignore dwiggains
1/13/2011 9:49:15 AM

Hi
Gap down with range increase

Fetcher[
set {gapdown, open / close 1 day ago} add column gapdown and gapdown < .95 and sort column 5 increasing
close > 1 and volume > 200,000
set {Range, atr(1) / atr (90)} add column Range
]



Good Luck
See ya
David

mslattery@dc.rr.com
86 posts
msg #98594
Ignore mslattery@dc.rr.com
1/15/2011 8:46:45 PM

Exactly what I wanted.

Thank you for taking the time to help.

Michael



StockFetcher Forums · Filter Exchange · Gap's Up or Down by Maginnitue<< >>Post Follow-up

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