StockFetcher Forums · Filter Exchange · Need filter that finds round bottoms<< 1 2 >>Post Follow-up
nikoschopen
2,824 posts
msg #38127
Ignore nikoschopen
9/21/2005 7:23:34 PM

On second thought, perhaps you IBD freaks could use a premature C&H at times like now. The following filter will find stocks that have formed a "saucer" formation within the span of 5 months.
Fetcher[
set{6mo, low 1 month low 5 months ago}
set{5mo, high 1 month high 4 months ago}
set{4mo, low 1 month low 3 months ago}
set{3mo, low 1 month low 2 months ago}
set{2mo, high 1 month high 1 month ago}

set{LHandle, 5mo / 6mo}
set{LCup, 4mo / 5mo}
set{CCup, 3mo / 5mo}
set{RCup, 2mo / 3mo}
set{Pivot, high / 5mo}

LHandle between 1.25 and 1.50
LCup between 0.80 and 0.70
CCup between 0.70 and 0.50
RCup between 1.40 and 1.60
Pivot between 0.09 and 0.99
]



Basically this filter finds stocks that have retraced from their 5-month high by as much as 50% and have since rallied back to their initial high. Change any of the values to shorten or lengthen the time span to suit your preference. As of yet, I haven't played with it enough to see how effective this filter is, so feel free to do whatever you wish.


nikoschopen
2,824 posts
msg #38137
Ignore nikoschopen
9/22/2005 2:21:40 PM

A typo detected...bad me (slap! slap!). Here's the one with the correction.

Fetcher[
set{6mo, low 1 month low 5 months ago}
set{5mo, high 1 month high 4 months ago}
set{4mo, low 1 month low 3 months ago}
set{3mo, low 1 month low 2 months ago}
set{2mo, high 1 month high 1 month ago}

set{LHandle, 5mo / 6mo}
set{LCup, 4mo / 5mo}
set{CCup, 3mo / 5mo}
set{RCup, 2mo / 3mo}
set{Pivot, high / 5mo}

LHandle between 1.25 and 1.50
LCup between 0.80 and 0.70
CCup between 0.70 and 0.50
RCup between 1.40 and 1.60
Pivot between 0.90 and 0.99
]



Most of the stocks returned show a decline from its recent high, which itself is higher than the 5 month high. This is expected since I defined the pivot as "high/5mo" (today's high divided by 5-month high). I then changed it to reflect "3 day high / 5-month high" but only penny stocks & their ilk turned up, so further tweaks required...but later.


CKING
17 posts
msg #38241
Ignore CKING
9/27/2005 9:04:41 PM

Thanks once again.


StockFetcher Forums · Filter Exchange · Need filter that finds round bottoms<< 1 2 >>Post Follow-up

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