StockFetcher Forums · Filter Exchange · outside reversal filter<< >>Post Follow-up
FuriousThug
256 posts
msg #61896
Ignore FuriousThug
4/28/2008 4:33:36 PM

Can anyone help a noob figure out what I'm doing wrong here in building a weekly outside reversal filter?


set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top above body_top 5 days ago
and body_bottom below body_bottom 5 days ago
and close below open
and open 5 days ago below close 5 days ago


chetron
2,817 posts
msg #61917
Ignore chetron
4/29/2008 8:35:35 AM

clickable...

Fetcher[

set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top above body_top 5 days ago
and body_bottom below body_bottom 5 days ago
and close below open
and open 5 days ago below close 5 days ago



]



FuriousThug
256 posts
msg #61935
Ignore FuriousThug
4/29/2008 1:13:11 PM

Thanks. This looks exactly like what I had...I guess what's confounding me is the inclusion of high/low in the filter rather than just open/close. I want the full trading range to be included.

maxreturn
745 posts
msg #61937
Ignore maxreturn
modified
4/29/2008 1:54:10 PM

Original post seemed to request a weekly outside bar reversal? If so this may be what you're looking for:

Fetcher[
/*WEEKLY OUTSIDE BAR WITH UPCLOSE*/

weekly high above weekly high 1 week ago
and weekly low below weekly low 1 week ago
and weekly close above weekly high 1 week ago
and chart-display is weekly
]



Fetcher[
/*WEEKLY OUTSIDE BAR WITH DOWNCLOSE*/

weekly high above weekly high 1 week ago
and weekly low below weekly low 1 week ago
and weekly close below weekly low 1 week ago
and chart-display is weekly
]



Regards
Max

nikoschopen
2,824 posts
msg #61940
Ignore nikoschopen
4/29/2008 2:45:03 PM

Hello Max,

I just wanna point out that "and weekly close above weekly high 1 week ago" in the third line doesn't necessarily mean there's a reversal. For example, if last week's candle ended the week on the positive, then you would have two consecutive white candles.

You might want to consider the following:

Fetcher[
chart-display weekly
set{reversal, sign(weekly opcl) + sign(weekly opcl 1 week ago)}
reversal equals 0
]



maxreturn
745 posts
msg #61942
Ignore maxreturn
modified
4/29/2008 4:00:21 PM

Yes Niko...I thunk about that after I had posted but got busy after that and didn't have the chance to correct before you did. Johnny on the spot!


Quote from Niko:



Hello Max,

I just wanna point out that "and weekly close above weekly high 1 week ago" in the third line doesn't necessarily mean there's a reversal. For example, if last week's candle ended the week on the positive, then you would have two consecutive white candles.

You might want to consider the following:



chetron
2,817 posts
msg #61947
Ignore chetron
4/29/2008 10:15:10 PM

OR SETTLE FOR.....

Fetcher[

show stocks where HIGH above HIGH 5 days ago
and LOW below LOW 5 days ago
and close below open
and open 5 days ago below close 5 days ago

]



FuriousThug
256 posts
msg #61951
Ignore FuriousThug
4/30/2008 2:12:39 AM

Thanks, Max and Niko. I've managed to use your suggestions to piece together what I was looking for to build both weekly and daily reversal screens, as well as backtest. Much appreciated.

StockFetcher Forums · Filter Exchange · outside reversal filter<< >>Post Follow-up

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