StockFetcher Forums · Filter Exchange · Gap trading - help to filter<< >>Post Follow-up
Marcello
9 posts
msg #112874
Ignore Marcello
4/20/2013 3:15:32 PM

Hey - I am trying out some strategies with gap trading.

I am very new on StockFetcher - so I hope someone could held my with programming this:

"stock must have a consistent trading range of at lease 1.75 points.
Open of the current day must be in the top 25% of the day's price range
close of the current day must be in the buttom 25% of the day's price range "

Thanks
best regards
Marcello from Denmark



mktmole
325 posts
msg #112881
Ignore mktmole
4/21/2013 10:54:39 AM

Welcome Marcello
here's a start for you.
mm

Fetcher[set{channeltop,high 30 day high}
set{channelbottom,low 30 day low}
set{tchg, channeltop minus channeltop 30 days ago }
set{bchg, channelbottom minus channelbottom 30 days ago}
set{atchg, abs(tchg)}
set{abchg, abs(bchg)}
set{channeltopchange, atchg / channeltop}
set{channelbottomchange, atchg / channeltop}
and draw channeltop on plot price
and draw channelbottom on plot price

and channeltop < 1.75 percent above channelbottom

and channeltopchange < 0.005
and channelbottomchange < 0.005

and open above day position(0.75,1)
and close below day position(0.25,1)

add column average volume(90)
average volume(90) above 400,000
price above 1
market is not otcbb
]



Marcello
9 posts
msg #112902
Ignore Marcello
4/22/2013 2:15:49 PM

Thank you very much for your help.

You have "programmed" more, than I actually asked for - am I right?

Just so I dount misunderstand somethink.

One again Thank
Marcello

mktmole
325 posts
msg #112905
Ignore mktmole
4/22/2013 6:56:04 PM

Change the values and experiment.
You could also add the following 2 lines to the filter which you might also find helpful

average day range(30) > 2%
and add column average day range

Marcello
9 posts
msg #112909
Ignore Marcello
4/23/2013 1:45:46 AM

Thank you very much - I will experiment some.

Marcello

mahkoh
892 posts
msg #112910
Ignore mahkoh
4/23/2013 4:38:09 AM

You may want to incorporate some gap-filling statistics:

http://forums.stockfetcher.com/sfforums/?q=view&fid=1002&tid=45054&qrid=&isiframe=

Marcello
9 posts
msg #112920
Ignore Marcello
4/23/2013 4:13:45 PM

Thanks very much for this.

And sorry asking these rookie questions.

But how do i do, if I want the following 2 phrases not for todays position(0,75,1) - but for yesterdays position (one day ago)???

and open above day position(0.75,1)
and close below day position(0.25,1)

Thanks
Marcello


mktmole
325 posts
msg #112923
Ignore mktmole
4/23/2013 9:07:06 PM

open 1 day ago
day position(0.40,1) 1 day ago
high 1 day ago
volume 1 day ago

etc

StockFetcher Forums · Filter Exchange · Gap trading - help to filter<< >>Post Follow-up

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