StockFetcher Forums · Filter Exchange · Help with this?<< >>Post Follow-up
mcole
5 posts
msg #57978
Ignore mcole
modified
12/11/2007 5:34:00 PM

Hey,
I want to test a theory about stocks that are bouncing after a high-volume fall. I have the screen for the FALL, but what I really want is to find stocks that have fallen in, say, the last 7 days and have finally given their FIRST white candle. It's the " fall in the last 7days, now first white candle since the fall" that I am having trouble with.
Here's what I have for the fall part:

average daily volume(30) > 100000
set{avgmult, average daily volume(30) * 4}
volume > avgmult
close < close 1 day ago
close > 3

Anyone know how to implement that?
Also, might need to add something like:
"Close dropped more than 15 Percent" for the high-volume drop day, but I haven't settled on a percentage (just needs to not be insignificant), and I'm not sure how you would make them both be on the same day...


TheRumpledOne
6,362 posts
msg #57979
Ignore TheRumpledOne
modified
12/11/2007 5:41:22 PM

Fetcher[
set{avgmult, average daily volume(30) * 4}
set{vtrig, count(volume > avgmult ,1) }
set{ctrig, count(close 1 day ago < close 2 day ago,1) }
set{x, vtrig * ctrig}
set{fall, count(x equal 1, 7) }

x equal 7

close > 3
close > open
average daily volume(30) > 100000
]



Not sure if the volume has to be bigger than the avgmult all 7 days??!?!

HTH.

The following might get you in the ball parkl:

Fetcher[
set{avgmult, average daily volume(30) * 4}
set{vtrig, count(volume > avgmult ,1) }
set{ctrig, count(close 1 day ago < close 2 day ago,1) }
set{fall, count(ctrig equal 1, 7) }

add column avgmult
add column vtrig
add column ctrig

fall equal 7

close > 3
close > open
average daily volume(30) > 100000
]



nikoschopen
2,824 posts
msg #57980
Ignore nikoschopen
12/11/2007 6:25:35 PM

Add this to ure existing filter:

Fetcher[
count(sign(day change) equals -1,8) equals 7
close above open
]



mcole
5 posts
msg #57988
Ignore mcole
12/11/2007 11:47:48 PM

TRO, the second one looks pretty good. Thanks for the help, you guys... got to check this out...


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