StockFetcher Forums · Filter Exchange · gap prediction based on gains?<< 1 2 3 >>Post Follow-up
johnnyvento
51 posts
msg #65383
Ignore johnnyvento
7/24/2008 1:32:09 AM

Can someone please help me write a few filters. I'm trying to decide whether single day percentage gain on a stock is a predictor of whether it will gap up the next day. I would like to look at relatively high single day gains like 25%, 35% or 50%. Also I would like to see whether having a high average day range makes a difference or not. Also a price between $1 -$10 would be nice for the test.

So in words, I need help writing a filter that I can backtest for the following:

25% single day gain stocks- percentage of gap uppers next day
35%......etc
50%......etc

likewise adr can be taken into account:

25% single day gain stocks/ with average day range(10) > 8: percentage gap uppers next day
35%.....etc
50%.....etc

Is it possible to make a gap prediction filter or not? That is the question.

guru_trader
485 posts
msg #65389
Ignore guru_trader
modified
7/24/2008 2:35:58 AM

yes, it's possible ... i'm sure someone will beat me to it

guru_trader
485 posts
msg #65390
Ignore guru_trader
modified
7/24/2008 3:06:55 AM

will work on this later

johnnyvento
51 posts
msg #65405
Ignore johnnyvento
7/24/2008 10:42:26 AM

thanks guru

WALLSTREETGENIUS
983 posts
msg #65412
Ignore WALLSTREETGENIUS
modified
7/24/2008 1:39:15 PM

Johnny -

The very best way to "predict gaps" has always come off the "Bollinger(10) Squeeze." Look for squeezes that have a positive Weekly RSI(2), and make sure price or the open is near the bottom band, and also incorporate FI(2) increasing as well as Slow Stochastics(5,3).

I like to look for companies with this set-up that are about to report earnings. That's 1-5 days prior to earnings. These are the best candidates for major pops. Look at MMM, BG, and GR today (7/24/08) all coming off a squeeze on a down day. Look for gap DOWNS tomorrow for the likes of...CMO, CELG, and EMN.

Now, understand that earnings as a whole, (nationally) isn't going to be very positive, so take advantage of all the gap "downs" as much as posible. Just reverse the technicals above. It's as simple as that.



- WALLSTREETGENIUS -

johnnyvento
51 posts
msg #65428
Ignore johnnyvento
7/25/2008 12:26:01 AM

also, if anyone is willing to help me write the filter, I would like a way to test each individual stock for the percentage of gap ups when it has made a certain criteria gain (a variable that can be changed)

thanks to the programmers!



WALLSTREETGENIUS
983 posts
msg #65440
Ignore WALLSTREETGENIUS
7/25/2008 11:40:06 PM

thanks to the programmers!
_____________

...you're welcome!...

arby347
87 posts
msg #65445
Ignore arby347
7/26/2008 2:23:33 AM

What RIGG's SAID????
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

Show stocks where close is near lower bollinger band(10)

RSI(2) > 0

Slow Stochastic(5,3) Fast %K has been increasing over the last 3 days
fi(2) > 0 has been increasing over the last 3 days
]



arby347
87 posts
msg #65446
Ignore arby347
7/26/2008 2:31:33 AM

Better:
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

Show stocks where close is near lower bollinger band(10)

RSI(7) > 0

Slow Stochastic(5,3) Fast %K has been increasing over the last 3 days
fi(2) has been increasing over the last 3 days
]



WALLSTREETGENIUS
983 posts
msg #65467
Ignore WALLSTREETGENIUS
modified
7/26/2008 7:16:13 PM

"What RIGG's SAID????"
___________

arby -

you didn't get those filters from me! I don't know where you got them, but those filters look about as dumb as "Johney's" criteria question in post #1 in this thread! LOL...Please don't put my name on something like that again okay?...


- RIGGS -

StockFetcher Forums · Filter Exchange · gap prediction based on gains?<< 1 2 3 >>Post Follow-up

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