mathgeek
11 posts
msg #103902
- Ignore mathgeek |
12/20/2011 7:18:49 PM
Hi guys,
I was wondering if you could help me write this filter. I'm not sure if it will work, but I would greatly appreciate it if you could try.
Instructions:
Filter for Breakouts:
1. Find stock that hit a high
2. After hitting its high, it dropped back at least 1% but not more than 3% for at least 30 minutes. (30 minutes is not definitive, but I want it to be a consolidation rather than a quick bounce)
3. After consolidating, it re-tested the previous high of the day and broke out at least 3% in the first run after breaking the previous high.
Filter for Failed Breakouts:
1. Find stock that hit a high
2. After hitting its high, it dropped back at least 1% but not more than 3% for at least 30 minutes. (30 minutes is not definitive, but I want it to be a consolidation rather than a quick bounce)
3. After consolidating, it re-tested the previous high of the day and failed to break to a new high.
I would like to run it at night to see if I could find a pattern for what makes a stock breakout and what makes it fail to breakout.
Thank you very much,
Thomas
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