StockFetcher Forums · Filter Exchange · My Newest favorite filter<< >>Post Follow-up
yepher
353 posts
msg #32181
Ignore yepher
5/25/2004 5:57:35 PM

Here is a filter I have been using lately seems to do fairly well in general.

Fetcher[
/* Short Term Green*/
set {sg1, close + close}
set {sg2, sg1 + close 1 day ago}
set {sg3, sg2 divided by 3}

/* Short Term Red*/
set {sr1, open + open}
set {sr2, sr1 + open 1 day ago}
set {sr3, sr2 divided by 3}

/* Short Term Width*/
set {sw, sg3 - sr3}

/* Mid Term Green*/
set {mg1, weekly close + weekly close}
set {mg2, mg1 + weekly close 1 week ago}
set {mg3, mg2 divided by 3}

/* Mid Term Red*/
set {mr1, weekly close 1 week ago + weekly close 1 week ago}
set {mr2, mr1 + weekly close 2 weeks ago}
set {mr3, mr2 divided by 3}

/* Mid Term Width*/
set {mw, mg3 - mr3}

/* Long Term Green */
set {lg1, weekly close 1 month ago + weekly close 1 month ago}
set {lg2, lg1 + weekly close 2 months ago}
set {lg3, lg2 divided by 3}

/* Long Term Green */
set {lr1, weekly open 1 month ago + weekly open 1 month ago}
set {lr2, lr1 + weekly open 2 months ago}
set {lr3, lr2 divided by 3}

/* Long Term Width */
set {lw, lg3 - lr3}

AND sg3 crossed above sr3
AND the 2 day slope of sg3 is above 0
AND the 2 day slope of sr3 is above 0
AND the 2 day slope of mg3 is above 0
AND the 2 day slope of mr3 is above 0
AND mg3 above mr3
AND price between 1 and 10

AND volume(90) above 100000
AND chart-length is 20 days
AND add column lw
AND add column mw
AND add column sw descending
]



If you are a Wizetrade user (which I don't advocate) then this will give you a Mid and Short term green lights with the slope of the lines going up.

If I could figure out how to do monthly open and close easily I would add that to the filter so you get a green long term also (partially implemented above). This is known as "Three Wise Men" in Wizetrade Lingo.

I think the strength of this filter is it's fractal nature. It is looking for Weekly and Daily data to agree.

See this link if you are interested in such a system: http://www.wizetrade.com/product/product.html

Incidently I made an "Enhanced System Tester" based on the Mid Term part of the filter and it has returned more revenue in testing then anyother filter I have tried to date.


I hope this is useful. I am looking at a few other fractal type filters that have promise that I hope to have done in the near future.









defghca
150 posts
msg #32184
Ignore defghca
5/26/2004 7:27:37 AM

please post your midterm filter


yepher
353 posts
msg #32188
Ignore yepher
5/26/2004 1:27:49 PM

Do you mean for Metastock or Stockfetcher. If you mean Stockfetcher it is part of the filter above.



buysell
1 posts
msg #32257
Ignore buysell
6/3/2004 6:09:01 PM

Yepher,

Absolutely brillant. Great job of coding.

Chas


mktmole
325 posts
msg #32359
Ignore mktmole
6/16/2004 12:16:10 PM

yepher:
Excellent work, thanks for sharing it.

Could you post your refined "Enhanced System Tester" that you mention,
based on the Mid Term scan, for use in SF ?
Do you have any performance comparisons?

Thanks again





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