StockFetcher Forums · Filter Exchange · Need Help with Day Range<< >>Post Follow-up
wkloss
230 posts
msg #93759
Ignore wkloss
6/12/2010 1:35:27 PM

The book Street Smarts has a strategy that looks for :

Today, price opened in the bottom 20% of today's range and closed in the top 20% of today's range.

They also use the reverse:

Today, price opened in the top 20% of today's range and closed in the bottom 20% of today's range.

I have tried using Stockfetcher's Day Range instructions but my results don't make sense.

Street Smarts quotes statistics that stocks open which open in the bottom 20% of the day's range and close in the top 20% of the day's range have a 80-90% chance of follow through the next morning but only have a 50% chance of closing higher. There are several ways this can be used.

Please help with writing code for opening in the bottom 20% and closing in the top 20% and vice versa.

Thanks,

Bill

Kevin_in_GA
4,553 posts
msg #93760
Ignore Kevin_in_GA
6/12/2010 2:08:51 PM

This may be what you are looking for ...

Day Position

--------------------------------------------------------------------------------

Parameters Position {0...1}
Period
Usage Day Position(pos)
Day Position(pos,period)
Day Pos(pos,period)

Description The Day Position is a basic measure that computes a value which is a percentage of the day range. In otherwords, if the position parameter is 0.5, the Day Position will be Low + ((High - Low) * 0.5). Any value from 0 to 1 may be used to locate a position within the daily range.
In addition to computing this value over a single day, a period may be specified. The measure will then find the highest high and lowest low over the given number of days and then perform the same computation as above.

Note: By default the day position period is 5 days.


Examples 1. Find stocks where the close was in the top half of the trading range for the day:

Fetcher[Close is above Day Position(0.50,1)]


2. Find stocks where the open was in the lower quarter of the trading range for the last 1 week

Fetcher[Open is below the Day Position(0.25,5)]




In your case it would look like

Fetcher[

open below day position(0.2,1)
close above day position(0.8,1)

]





wkloss
230 posts
msg #93761
Ignore wkloss
6/12/2010 2:13:07 PM

Kevin,

Thanks.

Bill

StockFetcher Forums · Filter Exchange · Need Help with Day Range<< >>Post Follow-up

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