StockFetcher Forums · Filter Exchange · TC2k - Scan conversion to Stockfetcher help<< >>Post Follow-up
jalabuda
13 posts
msg #82999
Ignore jalabuda
modified
11/13/2009 11:46:30 AM

My Universe with room to grow scan

I have a scan in TC2000 that I would like to convert to Stockfetcher code.

It finds Optionable stocks priced between $9.84 and $49.90 with average volume over 1mm shares. Average true range 5 days is > 5% price and where price change for the past 5 days is between -2 and +3%. Price is off the high of the last 40 days of $7.50 or more. Price is greater than 20 day MA.

I have attempted to upload my first screen shot below.

Thanks for your assistance.



jalabuda
13 posts
msg #83000
Ignore jalabuda
modified
11/13/2009 12:01:04 PM



jalabuda
13 posts
msg #83001
Ignore jalabuda
modified
11/13/2009 12:05:40 PM

http://i37.tinypic.com/25jczuo.jpg

karennma
6,829 posts
msg #83003
Ignore karennma
11/13/2009 12:50:49 PM

Jalabuda:
"where price change for the past 5 days is between -2 and +3%. "
==================================================================

Does this mean you want stocks that are EITHER down not more than 2% or up not more than 3% ... ???

jalabuda
13 posts
msg #83017
Ignore jalabuda
modified
11/13/2009 3:41:49 PM

Yes - I do not want stocks that have increased too much or fallen too much. They are more of a consollidation phase with upside potential.

jalabuda
13 posts
msg #83018
Ignore jalabuda
11/13/2009 3:43:02 PM

I finally got the image to post correctly.

chetron
2,817 posts
msg #83024
Ignore chetron
modified
11/13/2009 4:28:13 PM

maybe....


It finds Optionable stocks priced between $9.84 and $49.90 with average volume over 1mm shares.
Average true range 5 days is > 5% price
where price change for the past 5 days is between -2 and +3%.
Price is off the high of the last 40 days of $7.50 or more. Price is greater than 20 day MA.

edit: did you mean ema(20).....
edit: did you mean -3...


Fetcher[


set{var1,atr(5) / price}
set{vatr%,var1 * 100}
set{var3,high 40 day high - price}

var3 below 7.50
optionable
price between 9.84 and 49.90
average volume above 1000000
vatr% above 5
day change above -3 last 2 day
price above ema(20)
price below high 40 day high
day change below 3 last 2 day


]



jalabuda
13 posts
msg #83026
Ignore jalabuda
11/13/2009 5:30:44 PM

Chetron:

Thanks for the filter! The closing price change over the past 5 days should be bewteen -2% and +3% showing some consolidation before a breakout. We want the ATR to be high as the stock will likely move up faster than a stock with a low ATR.

chetron
2,817 posts
msg #83028
Ignore chetron
11/13/2009 5:38:40 PM

THE EXAMPLE YOU GAVE, CDE WAS AT -2.158271 WHICH IS LESS THAN -2

jalabuda
13 posts
msg #83029
Ignore jalabuda
11/13/2009 5:55:45 PM

Chetron:

You are correct - the TC2K filter range is -2.158271% to +3.020309% over the past 5 days. I believe that the Price change from the last 5 days is not greater than +3.020309% nor greater than -2.158271%
I was rounding in my post for expediency. The exact number of decimal place accuracy is not significant.

The purpose of the scan is to develop a watch list for the next day's trading and trade the breakouts that occur within the next day or two.

StockFetcher Forums · Filter Exchange · TC2k - Scan conversion to Stockfetcher help<< >>Post Follow-up

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