StockFetcher Forums · Filter Exchange · Need help writing a scan, New Guy<< >>Post Follow-up
garydbi2
1 posts
msg #98505
Ignore garydbi2
1/8/2011 11:58:08 PM

I want to find stock that have been trading sideways similar to NVDA, I took a position prior to the break out, Profit 1.35 Great bad thing is didn;t stay commited and missed out on the 3.00 run up the next 2 days. Ouch.

I like the spacing between the 20 and 40 moving averages.

Thanks for any help


TheRumpledOne
6,362 posts
msg #98510
Ignore TheRumpledOne
modified
1/9/2011 10:25:02 AM

Fetcher[

set{E20, ema(20) }
set{E40, ema(40) }
set{SPACE, E20 - E40}

ADD COLUMN E20
ADD COLUMN E40
ADD COLUMN SPACE

MARKET IS NASDAQ

sort column 7 descending
]




You make want to consider the space as a percentage of the current closing price if you want to compare stocks.



glgene
534 posts
msg #98515
Ignore glgene
1/10/2011 1:42:52 AM

Gary,

I added these two lines to TRO's script:

Draw EMA(20)
Draw EMA(40)

...just so I could visually see them on the chart (and the SPACE between them).

What significance do you see/use with SPACE? Example: On the end-of-day run on 1-7-11,

PCLN space = 9.71

JOYG space = 3.29

So what? Please...elaborate. Thanks!

Gene

ps to TRO: I didn't know the SPACE indicator was available. Thanks, as usual!

Kevin_in_GA
4,553 posts
msg #98519
Ignore Kevin_in_GA
1/10/2011 9:38:43 AM

IN TRO's filter, SPACE is a user-defined variable, not a pre-set indicator. Note the use of the set{} statement to define it.

TheRumpledOne
6,362 posts
msg #98523
Ignore TheRumpledOne
1/10/2011 9:58:08 AM

The SPACE between the moving averages is like BOLLINGER BANDS.

You can compute the maximum SPACE and the average SPACE and use these to indicate a possible reversal area.



glgene
534 posts
msg #98525
Ignore glgene
1/10/2011 10:37:03 AM

Kevin, I replied too quickly w/o doing my homework. Yes, of course, SPACE was a set variable. Shame on me.

TRO, how would you use the SPACE info for a possible reversal? A crossover at 50% midway? Or what?


Gene

TheRumpledOne
6,362 posts
msg #98542
Ignore TheRumpledOne
modified
1/11/2011 3:21:23 PM

Fetcher[

set{E20, ema(20) }
set{E40, ema(40) }

set{XSPACE, E20 - E40}

set{SPACE, ABS(XSPACE)}

set{MAXSPACE, SPACE 100 DAY HIGH}

set{PCTMAX, ABS(SPACE )/ ABS(MAXSPACE) }

ADD COLUMN E20
ADD COLUMN E40
ADD COLUMN SPACE
ADD COLUMN MAXSPACE
ADD COLUMN PCTMAX

Draw EMA(20)
Draw EMA(40)

MARKET IS NASDAQ

volume above 1000000

sort column 9 descending

]




I would look at the max space for the last 100 days and look for reversals if space was 80% or more of max space.



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