StockFetcher Forums · Filter Exchange · alot of potential with this one<< 1 2 >>Post Follow-up
push5280
98 posts
msg #87921
Ignore push5280
2/7/2010 12:33:16 PM

I have been playing around with the WEEKLY IFT(2,3) for a couple of weeks and I think I've figured out the entry points with really good upside moves on almost every stock using this. I would like you all to take a look and maybe help me write the filter for finding these stocks.

1.) run this filter
Fetcher[
show stocks where ma(8) crossed above ma(21)
and close is between .5 and 2
and average volume(30) is above 250000

and draw weekly IFT(2,3)
and draw weekly RSI(2)
]


2.) click IMGG to open the chart
3.) look at the Weekly IFT indicator time frame of 12/18/09 - 1/29/10, see how the line is "flat lined"?
4.) put your cursor over the weekly IFT on 2/1/10, thats the first day that the line moved up away from flat line, the close on 2/1/10 is .52. It then moved to a high of .71 on 2/4/10. thats a potential gain of 36% in two days.

If you look at any stock using the weekly IFT it works on all of them, I entered GS on the same chart 12/17 - 12/24 with a move up on 12/28 the close on 12/28 was 163.76, the next highest high was on 1/7/2010 of 177.67. potential gain 8.5%.

Any thoughts on how to code this to find the days when the IFT moves up from the flat line?


chetron
2,817 posts
msg #87929
Ignore chetron
modified
2/7/2010 2:17:50 PM

maybe.....
corrected lazy math....

Fetcher[

set{var1a,weekly ift(2,3) 1 week ago}
set{var1b,var1a * 1.01}
set{var1,var1a + var1b}

draw ma(8)
draw ma(21)

close is between .5 and 2
average volume(30) is above 250000
weekly ift(2,3) crossed above var1

draw weekly IFT(2,3)
draw weekly RSI(2)

]



gmg733
623 posts
msg #87953
Ignore gmg733
modified
2/8/2010 10:08:55 AM

I use something similar with weekly RSI(2) and MACD(2,3,1) and the flat line stocks are the most explosive. I'll have a look at this as it falls into my current research realm.

Thanks for the info.

BTW, 12/18 on the GS chart was the day you had a MACD(2,3,1) cross on the daily.

push5280
98 posts
msg #87958
Ignore push5280
2/8/2010 11:33:54 AM

@gmg

I've noticed the same thing with the WEEKLY RSI(2) too. I think I will add those to my watch list . thanks for sharing your thoughts

gmg733
623 posts
msg #87973
Ignore gmg733
2/8/2010 4:46:01 PM

So this is the downside to do this. If you watch the numbers intra week, you will get a small move up for the RSI(2) and you think, YES enter the trade. But then the next day it falls and the line 'corrects' itself.

I find watching for a dragging RSI(2) while you have an ascending MACD to the 0 line makes for a powerful move when it hits 0. Now, these can manifest themselves in the form of pullbacks, so watch support and resistance closely. If you move into a support area with a low RSI(2) and MACD is approaching 0, you get lift off. You'll see this mostly in pennants, flags and etc. patterns.

Also works well for a swing trade for first pull backs.

calhawk01
135 posts
msg #87980
Ignore calhawk01
2/8/2010 8:02:37 PM

Push i really like your filter. Can you please give me a email so i can eke some more knowledge from you?
uchaud2@students.towson.edu or you can reach me on msn messenger finumair@hotmail.com
Thanks
Happy trading!

jrbikes
624 posts
msg #87981
Ignore jrbikes
2/8/2010 8:37:33 PM

XCHO IMYN EXTO


jrbikes
624 posts
msg #87982
Ignore jrbikes
modified
2/8/2010 8:43:34 PM

Fetcher[ show stocks where the MA(9) crossed above the MA(18)
and close is between .01 and 2

and Draw Weekly IFT(2,3)
]



someone add resistance crossing to this!

chetron
2,817 posts
msg #87991
Ignore chetron
2/9/2010 6:45:19 AM

maybe...


Fetcher[
show stocks where the MA(9) crossed above the MA(18)
close is between .01 and 2
high crossed above r1

Draw Weekly IFT(2,3)

]



push5280
98 posts
msg #88152
Ignore push5280
2/11/2010 8:25:14 PM

@calhawk

check your email

StockFetcher Forums · Filter Exchange · alot of potential with this one<< 1 2 >>Post Follow-up

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