StockFetcher Forums · Filter Exchange · Range Bound Filter<< >>Post Follow-up
miketranz
716 posts
msg #84184
Ignore miketranz
12/10/2009 11:27:32 PM

Chet or Eman,is there a way to produce a filter that will show stocks stuck in a 10 day range bound pattern? A perfect example would be RRI or F.What I do is find these patterns on daily charts,then switch them to 10 day/15 min charts to see the real intra day action,then trade off it.I trade high volume,liquid stocks,avg vol 1000000.Any ideas would be highly appreciated.Thanks,Mike..........

johnpaulca
11,312 posts
msg #84186
Ignore johnpaulca
12/11/2009 12:39:15 AM

Mike....I found RRI in one of my bottom filters, very simple filter.

Fetcher[
RSI(21) crossed above 42
and RSI(21) 1 day ago had been below 42
volume > 700000
close > 1
]



chetron
2,817 posts
msg #84188
Ignore chetron
12/11/2009 6:56:18 AM

OR MAYBE...


Fetcher[
SET{VBOUND,DAYS(Bollinger Difference(20,1.5) CROSSED below .1,100)}
VBOUND BELOW 13
VBOUND ABOVE .5
draw bollinger
draw keltner band
volume > 7000000
close > 1
]



Kevin_in_GA
4,553 posts
msg #84189
Ignore Kevin_in_GA
12/11/2009 8:33:15 AM

Thinking out loud here ...

If a stock's price is really range bound, then a couple of things should help to identify this:

1. ATR(10) would be decreasing
2. Bollinger Bandwidths should be decreasing
3. Slope of its MA should be flat

Depending on how you want to structure your filter you could use one of these approaches

Fetcher[

ATR(10) has been decreasing for the last 10 days
and price is greater than 1
volume is above 10000
]



or

Fetcher[

Show stocks where lower bollinger band(10) has been increasing over the last 3 days
and upper bollinger band(10) has been decreasing over the last 3 days
and price is greater than 1
volume is above 10000
]



or possibly

Fetcher[

slope of MA(20) is above -0.001
slope of MA(20) is below 0.001
and price is greater than 1
volume is above 100000
]



Just some thoughts on other metrics for identifying range-bound stocks.

Kevin

trendscanner
265 posts
msg #84193
Ignore trendscanner
modified
12/11/2009 9:18:51 AM

Here's another approach

Fetcher[
close > 1
average volume(45) > 1000000
count(high reached new 10 day high, 10) < 0.5
count(low reached new 10 day low, 10) < 0.5
]




miketranz
716 posts
msg #84296
Ignore miketranz
12/12/2009 12:02:40 AM

Thanks for the help guys.....

StockFetcher Forums · Filter Exchange · Range Bound Filter<< >>Post Follow-up

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