StockFetcher Forums · Filter Exchange · cup and handle<< >>Post Follow-up
683 posts
msg #112491
Ignore duke56468
3/28/2013 10:28:46 AM

How would I change this filter to adjust the length of the cup and handle to XX number of days and show a breakout above the handle? Any ideas?

Fetcher[show stocks where pattern is cup and handle]

642 posts
msg #112497
Ignore mahkoh
3/28/2013 4:20:17 PM

Duke, this is my cup and handle filter. The handle is max 30 days and the whole pattern about 90 days.
Change these values to your liking.

set{x,price/high 90 day high}
set{x2,price/high 30 day high}

/*make sure price is below left edge of the cup*/
y between 0.95 and 1 do not draw y

/*make sure price is near 30 day high*/
x2 between 0.975 and 1.02 do not draw x2

/*make sure cup bottom is below handle bottom*/
low 30 day low 1 % above low 90 day low
do not draw low 30 day low do not draw low 90 day low

/*filter out buyouts*/
average day range above 1% do not draw average day range

add column industry

/*sort intraday by relative volume*/
add column relvol
set{avgvolspy,ind(spy,average volume(20))}
set{xvol,volume/average volume(20)}

sort column 6 descending

/*buystop area*/
add column high 40 day high

sort column 7 descending
set{vr,average volume(30)*price}
vr above 4000000 do not draw vr
chartlength is 34 weeks
price above 5
draw ma(10)
draw ma(50)

683 posts
msg #112500
Ignore duke56468
3/28/2013 6:43:48 PM

Thanks mahkoh, this is what I have been using for breakouts. Run the filter and eyeball for the cup with handle.
Fetcher[show stocks where the close crossed above the upper ascending triangle(55) one day ago
and volume is 50% above average volume(30)
close is > 1
average volume(30) > 500000

StockFetcher Forums · Filter Exchange · cup and handle<< >>Post Follow-up

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