StockFetcher Forums · Filter Exchange · Pullback/dip filter<< >>Post Follow-up
tmaugham
115 posts
msg #89637
Ignore tmaugham
3/15/2010 8:20:39 PM

I'm trying to create a filter that will provide a list ot stocks that have made at least one pullback/dip of 5 percent or more below its high in the most recent trading day. An example is LEHMQ for March 15, 2010. It opened at .1089, dipped to .10, and then rose to a high of .125. I have begun with this code but am stuck on actually finding a pullback. Can someone please make suggestions?

Thanks,
Tom

Fetcher[

close between .1 and 20
low < open
low more than 5 percent below high
average volume(20) > 500000
chart-time 20 days
add column open
add column low
add column high
add column close

]



durgin
60 posts
msg #89733
Ignore durgin
3/16/2010 10:07:59 PM

Hi Tom,

I like your filter and I changed some of the variables to see what would give the highest performance. The performance I looked at was change after 68 days.

By changing from 5 to 9 percent there was a steady increase in performance. And by reversing the variable to look at a 9 percent high instead of low gave an extra percentage to the performance.

If one were to use this filter the number of losers and winners are similar but the winners gain around 50% after 68 days. So one would have to be careful to select the winners.

I'm sure not what you were looking for but I found the results interesting.

Fetcher[close between .1 and 20
high > open
high more than 9 percent above low
average volume(20) > 500000
chart-time 20 days
add column open
add column low
add column high
add column close
]




StockFetcher Forums · Filter Exchange · Pullback/dip filter<< >>Post Follow-up

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