StockFetcher Forums · Filter Exchange · Gapper filter?<< >>Post Follow-up
japanguy
2 posts
msg #45196
Ignore japanguy
6/23/2006 8:09:02 AM

I am trying to make a filter that will look for stocks that gapped down recently and are likely to bounce back. I have noticed that most of the stocks where the RSI(15) goes below 40 but doesn't cross below 30 are more likely to bounce back. So far I have this filter.

Show stocks where Close dropped more than 20 percent over the last 2 days
Show stocks where volume gained more than 50 percent over the last 3
days
Show stocks where RSI(15) crossed below 40.00 within the last 3 days
and Average Volume(90) is above 100000
and close is between .05 and 100

Anyone have any advice on making it a little better.

Japanguy


TheRumpledOne
6,362 posts
msg #45214
Ignore TheRumpledOne
6/23/2006 6:20:46 PM

I just wrote a gap display a couple of weeks ago!


Railwhore
69 posts
msg #45303
Ignore Railwhore
6/26/2006 10:08:25 PM

Fetcher[
set{x, open - close 1 day ago}
set{xy, x / close 1 day ago}
set{ohr, xy * 100}
set{gapu, count(ohr > 5,1)}
set{gapd, count(ohr < -5,1)}
set{gapud, gapu + gapd}
gapud > 0
close > 2
volume > 300000
avgvol(90) > 100000
add column ohr
add column gapu
add column gapd
sort by column 10
]




japanguy
2 posts
msg #45517
Ignore japanguy
7/7/2006 10:52:51 AM

I still don't have it quite right but here is my latest filter. I am still new at this so I would love any critics.

Show stocks where Close dropped more than 18 percent over the last 3 days

RSI(2) decreasing 3 days
Show stocks where RSI(15) crossed below 34.00 within the last 3 days
Show stocks where RSI(15) was above 27.00 within the last 2 days

and average volume(90) was up over 50 percent over the last 1 days
and Average Volume(90) is above 100000
and close is between .05 and 40


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