StockFetcher Forums · Filter Exchange · Pattern trade<< >>Post Follow-up
four
3,995 posts
msg #90015
Ignore four
3/20/2010 2:54:02 PM

Fetcher[
CLOSE 1 DAY AGO < OPEN 1 DAY AGO
CLOSE > OPEN
close < open 1 day ago
low < low 1 day ago
volume < volume 1 day ago
close > 2
open < 10
volume > 1000000

set{var1, day point range / 5}
set{buy, max(close,open)+Var1}
draw buy on plot close
add column buy

set{vr1, low 1 day ago}
set{vr2, low}
set{low1, min(vr1,vr2)}
draw low1 on plot close
add column low1 {stop loss}
]



four
3,995 posts
msg #99397
Ignore four
2/25/2011 11:30:26 PM

modified above ...
Fetcher[draw rsi(2) < 10
CLOSE 1 DAY AGO < OPEN 1 DAY AGO
CLOSE > OPEN
close < open 1 day ago
low < low 1 day ago
volume < volume 1 day ago
close > 11
open < 100
volume > 1000000

set{var1, day point range / 5}
set{buy, max(close,open)+Var1}
draw buy on plot close
add column buy

set{vr1, low 1 day ago}
set{vr2, low}
set{low1, min(vr1,vr2)}
draw low1 on plot close
add column low1 {stop loss}
]



Mactheriverrat
1,328 posts
msg #99400
Ignore Mactheriverrat
2/26/2011 12:27:04 AM

Hey Four

Can you explain the Buy points and stop loss points and what they are based on?

Thanks

Mactheriverrat

four
3,995 posts
msg #99411
Ignore four
modified
2/26/2011 10:38:53 PM

Mactheriverrat,
The reasoning behind both calculations is to pay attention to the repeating pattern: stocks going up make new highs and stocks going down make new lows.

set{var1, day point range / 5}
set{buy, max(close,open)+Var1}
draw buy on plot close
add column buy

Usually I take the HIGH + .03. However, here I am adding a percentage of the day's range to the higher value of the day's close or open. I want to reduce entries that are false. Trial and Error went into picking the denominator of 5. Personal preference.

set{vr1, low 1 day ago}
set{vr2, low}
set{low1, min(vr1,vr2)}
draw low1 on plot close
add column low1 {stop loss}

I compare the low today and the low from yesterday and use the lower value.

HTH

Mactheriverrat
1,328 posts
msg #99413
Ignore Mactheriverrat
2/26/2011 11:27:29 PM

Thanks four!

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