StockFetcher Forums · Filter Exchange · I can't code this but if someone can....<< 1 2 >>Post Follow-up
jpistell
123 posts
msg #34925
Ignore jpistell
1/18/2005 12:24:14 PM

Open gap fills are like money in the bank.

These are gap ups that are driven on good news that fade after the day traders have moved on. Time and time again, the low comes back into the gap up, where the "good news trend" resumes.

Most all fill in 30 days or less.

I've tried unsucessfully to write a filter to capture these. I can't code this but if someone can I'd be amazed and thankfull!

Many Thnx,
Trader Joe


jpistell
123 posts
msg #34928
Ignore jpistell
1/18/2005 4:50:51 PM

re: Gaps that may fill...
Watch TVGR (a penny stock) drop right back into its gap. I'll nibble a bit here with a limit order at $.07

Trader Joe


jpistell
123 posts
msg #34999
Ignore jpistell
1/29/2005 8:39:37 AM

TVGR fills gap and rallies > 30% in 3 days.

sick.

I've got to get to work on that gap fill filter.


wallman
299 posts
msg #35002
Ignore wallman
1/29/2005 10:21:55 PM

when you do you might want to use some sort of volume criteria because TVGR at .087 and 128,431 shrs for Fridays trading works out to $11k traded for the entire day,i've watched this stock for a few days and the bid/ask can be unreal spread,often 15-30%+ spreads,looks good on paper trading but in real life these kind are virtually untradeable, 1/21 it traded 0 shares,not a nice place to get stuck


jpistell
123 posts
msg #35010
Ignore jpistell
1/30/2005 7:27:57 PM

Wallman,
I didnt bite on TVGR. Its the gap-fill concept. I see it happening all the time. The MM'ers are net short in a news driven gap-up. They're going to continue to sell the stock down for days until they can square up. Most all of them fill in <30 days.

I'll post them when I stumble across them.

Trader Joe


jpistell
123 posts
msg #35013
Ignore jpistell
1/30/2005 8:43:37 PM

Now you've went and done it wallman... ;-)

Fetcher[
/*GAP UP SET UP*/
set{x1, close one day ago}
set{x2, low - x1}
x2 is above 0
and x2 has reached a new 250 day high within the last 20 days

/*GLOBAL*/
avgvol(90) > 100000
and price > 4
]



This is a more "healthy" open gap (low > close one day ago).

All we need now it a trigger of some sort.

G'Luck,
Trader Joe


wallman
299 posts
msg #35015
Ignore wallman
1/30/2005 9:34:15 PM

Joe,you are right,the gapup concept is a beauty,i'll follow along tracking your filter,thank you


jpistell
123 posts
msg #35018
Ignore jpistell
1/31/2005 6:12:37 AM

TRIGGER IDEA: X marks the spot
Divergence between price and indicator.

Fetcher[
/*TRIGGER*/
and 5 day slope of the qstick(8) is above 0 and the 5 day slope of the pp is below 0

/*GAP UP SET UP*/
set{x1, close one day ago}
set{x2, low - x1}
x2 is above 0
and x2 has reached a new 250 day high within the last 20 days



/*GLOBAL*/
avgvol(90) > 100000
and price > 4
do not draw pp

and date offset is 59
]




Qstick explained:
http://www.stockfetcher.com/stockdb/fetcher?p=feedback&topic=Screening%20Indicators&subtopic=N-Z&question=QStick


rsarno
103 posts
msg #35026
Ignore rsarno
1/31/2005 9:51:52 PM

Im not so good backtesting these things, how has it worked out?

I love the concept, wish i knew enough to assist in writing it.

good luck and please continue to refine.


yepher
353 posts
msg #35029
Ignore yepher
1/31/2005 10:52:28 PM

Another gap filter:

Fetcher[
set{gaplong, -3}
set{gapshort, 3}
set{g1, close minus close 1 day ago}
set{g2, g1 / close 1 day ago}
set gap, 100 * g2}
gap below gaplong

and volume above 1000000
and price between 1 and 4
]




StockFetcher Forums · Filter Exchange · I can't code this but if someone can....<< 1 2 >>Post Follow-up

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