StockFetcher Forums · Filter Exchange · Sideways breakout filter<< >>Post Follow-up
Sqwii
160 posts
msg #85619
Ignore Sqwii
1/6/2010 3:52:15 AM

Hi everybody !

I am curious if anyone in here know how to make a simple filter which indicates a sideways action with accumulation going on for several weeks?

As an example take a look at the chart of RNN, these types of charts or INSM... where there is sideways action for a long while.

Anyone knows how to make a simple filter for finding these ?

Thanks a lot !

four
3,998 posts
msg #85651
Ignore four
1/6/2010 2:31:41 PM

perhaps...
Fetcher[

set{channeltop, 5 day high 2 days ago}
set{channelbottom, 5 day low 2 days ago}


and draw channeltop on plot price
and draw channelbottom on plot price

close > 1
close > open
volume > 1000000
close > channeltop
open < channeltop
]



See Channel/Consolidation Examples

StockFetcher Forums · Filter Exchange · Sideways breakout filter<< >>Post Follow-up

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