StockFetcher Forums · Filter Exchange · Need a good momentum filter??<< >>Post Follow-up
2,824 posts
msg #37932
Ignore nikoschopen
9/13/2005 6:15:05 PM

This filter is used to spot a sharp price action of 5% or more either to the upside or downside within the past 5 days, accompanied by a rise in volume that's twice its 50-day average. While this filter is useful for those who are momentum oriented, it would also be beneficial for those who are technical-analysis savvy -- as well as those who are not.

set{rtn1,price / price 5 days ago}
set{rtn2,rtn1 - 1}
set{rtn,rtn2 * 100}
set{rtnxtr, 1 - count(rtn is between 5 and -5,1)}
rtnxtr equals 1

price 5 days ago is between 10 and 100
price is between 20 and 100
set{volratio, volume / avgvol(50)}
set{voldiff, volratio * 100}
voldiff is above 199

add column rtn
add column voldiff{vol %Chg}

Just for the record, this is a rehash of one of many filters by Cegis, albeit with a twist.

StockFetcher Forums · Filter Exchange · Need a good momentum filter??<< >>Post Follow-up

*** Disclaimer *** does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. does not recommend particular securities., Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.

Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus