StockFetcher Forums · Filter Exchange · pincher query<< 1 2 >>Post Follow-up
BERTSLLC
2 posts
msg #86897
Ignore BERTSLLC
1/24/2010 9:22:45 AM

need a query for pincher / close below .25 / ADX below -37 / PPO below - 30

trendscanner
265 posts
msg #86904
Ignore trendscanner
1/24/2010 12:50:58 PM

I think I know what you mean by a pincher scan but I'm not sure how to write one using your criteria exactly as you posted them. For example, ADX below -37. I don't think ADX is ever negative, but I might be wrong. PPO below - 30 would be useful if the PPO on this site was like the one on Stockcharts but it's somewhat different on SF.

A potential candidate pincher filter might look like this but you'll probably have to tweak the settings to find one that works best:

Fetcher[
close < 0.25
Percent Price Oscillator(10,50) < -0.3
ADX(14) > 37
]




Maybe HNAB, DRLY, HOMS, BONZ or IVOB are they types of charts you're looking for?

GL





shovel52
18 posts
msg #86930
Ignore shovel52
1/24/2010 7:46:07 PM

It's probably just me but has any one run the performance tab on this scan? the numbers are outrageously high.

Kevin_in_GA
4,538 posts
msg #86934
Ignore Kevin_in_GA
1/24/2010 8:24:33 PM

Yes. But if you look at stocks over $1 (a limitation on my current trading account) it fails consistently.

I'm not so sure that this is a robust trading system if it is so price dependent - but you can't really knock its performance within the < 0.25 range.

trendscanner
265 posts
msg #86935
Ignore trendscanner
1/24/2010 8:25:12 PM

Going long on pincher plays is a form of bottom fishing that, in my experience, can be risky but sometimes very profitable. A good pincher stock has to be stalked and watched frequently if not continuously. The time to go long is when heavy buying comes in and short covering is happening; that can produce short term, explosive upward volatility. Buying too early results in the stock continuing to decline; you'll either lose a ton or get stopped out repeatedly.

chetron
2,817 posts
msg #86937
Ignore chetron
1/24/2010 8:45:15 PM

PINCHER IS SHORT SQUEEZE PLAYS?

trendscanner
265 posts
msg #86940
Ignore trendscanner
1/24/2010 9:04:25 PM

Pincher play can be a short squeeze but not necessarily. The "pincher" term refers to the PPO and ADX lines "pinching" together when PPO (or sometime MACD) is plotted above ADX, usually in Stockcharts. See the charts for HNAB, DRLY, HOMS, BONZ or IVOB in the filter above as examples. Generally means stock has dropped hard and been trending down for a long time.


The board below is where a lot of pincher players come to pinch.

http://investorshub.advfn.com/boards/board.aspx?board_id=9737

chetron
2,817 posts
msg #86942
Ignore chetron
1/24/2010 9:07:31 PM

THANX

chetron
2,817 posts
msg #86964
Ignore chetron
modified
1/25/2010 7:07:37 AM

how about....

Fetcher[
/* CLASSIC pincher setup */

set{var1,count(PPO(12,26) CROSSED ABOVE -0.10 WITHIN LAST 13 DAY,1)}
set{var2,count(ADX(14) CROSSED BELOW 30 WITHIN LAST 13 DAY,1)}
set{var3,count(RSI(14) CROSSED ABOVE 30 WITHIN LAST 13 DAY,1)}

set{var11,var1 * var2}
set{Vbuy,var11 * var3}


draw Vbuy
draw RSI(14)
draw PPO(12,26)
draw ADX(14)
draw aroon up(8)
draw parabolic sars
draw williams %r(9)
draw obv
draw ma(20)
draw Stochastic %K(5,5,3)
draw cmf(21)

Vbuy above .5
CLOSE ABOVE .01
VOLUME ABOVE 100000
]



ADULTERATED VERSION


Fetcher[


/* ADULTERATED pincher setup */

set{var1,count(3 day slope macd(5,15,10) fast line above 0,1)}
set{var2,count(3 day slope Stochastic %K(5,5,3) above 0,1)}
set{var3,count(aroon up(8) crossed above aroon down(8),1)}

set{var11,var1 * var2}
set{early_buy,var11 * var3}


draw early_buy
draw aroon up(8)
draw parabolic sars
draw williams %r(9)
draw obv
draw ma(20)
draw Stochastic %K(5,5,3)
draw macd(5,15,10)
draw cmf(21)

early_buy above .5


]





ANOTHER LOOK......

Fetcher[
/* TACHIKAWA */
/* CLASSIC pincher setup 2 */

set{var1,count(PPO(12,26) BELOW -0.1,1)}
set{var2,count(ADX(14) ABOVE 30,1)}
set{var3,count(RSI(14) BELOW 30,1)}

set{var11,var1 * var2}
set{Vbuy,var11 * var3}

draw Vbuy
draw RSI(14)
draw PPO(12,26)
draw ADX(14)
draw aroon up(8)
draw parabolic sars
draw williams %r(9)
draw obv
draw ma(20)
draw Stochastic %K(5,5,3)
draw cmf(21)

Vbuy above .5
CLOSE ABOVE .01
VOLUME ABOVE 100000

]




or simply....

Fetcher[
/* tachikawa ouch */
set{vbuy,count(pdi crossed above mdi,1)}
set{vshort,count(mdi crossed above pdi,1)}
set{vplays,vbuy + vshort}

add column vbuy
add column vshort

draw vshort on plot vbuy

vplays above .5
do not draw vplays
adx above 20
close above .1
volume above 100000

]







BERTSLLC
2 posts
msg #95000
Ignore BERTSLLC
7/22/2010 9:16:37 PM

wow that was a while ago i posted that q here this is more of what i was looking for...

close < 0.25
Percent Price Oscillator(10,50) < -0.3
ADX(14) > 37and
MACD(5,15,10) < -0.01
ADX(7) > 85


StockFetcher Forums · Filter Exchange · pincher query<< 1 2 >>Post Follow-up

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