StockFetcher Forums · Filter Exchange · Number of weekly Lows that touch bottom LRC line<< >>Post Follow-up
mktmole
325 posts
msg #47204
Ignore mktmole
9/27/2006 8:32:52 PM

Attempting to fined the number of touches to the bottom LRL in the past 10 weeks and this does not seem correct. (look at TGB, 5 touches where? )
Thanks for any help!

Fetcher[set{Lows_LLRC, count(weekly low touched weekly bottom linear regression line(20),10)}
and Lows_LLRC > 1
and add column Lows_LLRC
and draw weekly linear regression channel(60)
and chart-length is 6 months
an average weekly volume(30) above 1,000,000
and chart-display is weekly and sort by column 5 decending
]




TheRumpledOne
6,359 posts
msg #47216
Ignore TheRumpledOne
modified
9/28/2006 5:35:29 PM

Try this:

Fetcher[
set{Lows_LLRC, count(weekly low touched weekly bottom linear regression line(20),10)}
and Lows_LLRC > 1
and add column Lows_LLRC
and draw weekly linear regression channel(20)
and chart-length is 6 months
an average weekly volume(30) above 1,000,000
and chart-display is weekly and sort by column 5 decending
]



This:

and draw weekly linear regression channel(60)

should needs to be this:

and draw weekly linear regression channel(20)

because you wrote this:

set{Lows_LLRC, count(weekly low touched weekly bottom linear regression line(20),10)}

You were drawing LR 60 and testing LR 20!!



mktmole
325 posts
msg #47217
Ignore mktmole
9/28/2006 7:19:43 PM

Thank you TRO.


marine2
829 posts
msg #47223
Ignore marine2
9/28/2006 11:44:53 PM

I did a back test on this filter and the results were very poor like 54 wins and 46 losses. Unless the backtest for standard subscribers is off its mark I don't think I would pursue this one.


mktmole
325 posts
msg #47237
Ignore mktmole
9/29/2006 10:30:38 PM

marine2
thank you for your back test, however this is not a complete filter, but a work in progress.


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