StockFetcher Forums · Filter Exchange · pp reached a new 4 week low<< >>Post Follow-up
four
4,005 posts
msg #88410
Ignore four
modified
2/19/2010 10:52:53 AM

******************* pp v1 *******************
Fetcher[
close > open
close > pp
open > pp
pp near pp reached a new 4 week low

volume > 1000000
close > 1
]



******************* pp v2 *******************
Fetcher[
pp reached a new 4 week low
close > pp
open < pp
pp near pp reached a new 4 week low

volume > 1000000
close > 1
]



******************* pp v3 ******************* added 3/20/2010
Fetcher[
close > pp
open < pp
pp reached a new 100 day low
pp reached a new 50 day low

do not draw pp
do not draw buy

volume > 100000

close > 1 and close < 10

set{var1, day point range / 5}
set{buy, max(close,open) + var1}
draw buy on plot close
add column separator
add column var1
add column buy
]



hp722c


trendscanner
265 posts
msg #88411
Ignore trendscanner
2/19/2010 11:15:36 AM

That's golden. Is the 4th line even needed?

Could flip it to look for shorts too.

Or take it to 6 months to look for more extreme conditions.

Nice one, four


four
4,005 posts
msg #88412
Ignore four
modified
2/19/2010 11:20:45 AM

@trendscanner

please review my modified post (2 filters now posted)

please be so kind and modify your post and include which version you are referencing

Thanks

P.S. what do you think... take the 4th line (pp v2) out and let us know!

--- took your rec and went back a few more weeks and looks good ---

close > open
close > pp
open > pp
pp near pp reached a new 10 week low

volume > 1000000
close > 1

--- tried 1 week and looks good ---

close > open
close > pp
open > pp
pp near pp reached a new 1 week low

volume > 1000000
close > 1

trendscanner
265 posts
msg #88422
Ignore trendscanner
2/19/2010 3:42:25 PM

The version I was referring to with regard to the 4th line is:

Fetcher[
pp reached a new 4 week low
close > pp
open < pp
pp near pp reached a new 4 week low

volume > 1000000
close > 1
]



The 1st line appears to be the key set-up line. I don't understand what the 4th line is looking for. In plain English, it seems to looking for stocks where the pp is near pp making a new 4 week low. But if the 1st line is true I don't understand why the 4th line is needed since the first line is already stocks where pp is making a new low.

I'm mainly focused on microcaps right now so I don't plan on trading this filter. But if I was a short term trader I might add "optionable" to this and also look for other indicators that could be added to increase the chances for short term success.

I also played with this version a little. Gives some interesting results:

Fetcher[
weekly pp reached a new 4 week low
close > weekly pp
open < weekly pp

volume > 1000000
close > 1
chart-display is weekly
chart-length is 9 months
]





four
4,005 posts
msg #88474
Ignore four
2/20/2010 11:22:44 PM

The version I was referring to with regard to the 4th line is:

Fetcher[
pp reached a new 4 week low
close > pp
open < pp
pp near pp reached a new 4 week low

volume > 1000000
close > 1
]




The 1st line appears to be the key set-up line. I don't understand what the 4th line is looking for. In plain English, it seems to looking for stocks where the pp is near pp making a new 4 week low. But if the 1st line is true I don't understand why the 4th line is needed since the first line is already stocks where pp is making a new low.
----------------
Clarification

I believe we don't need line 1. Line 1 is covered in line 4.

However, line 4 adds the additional requirement that the pp today needs to be near the pp reaching a new 4 week low. Notice there are two lines plotted.



four
4,005 posts
msg #90028
Ignore four
3/20/2010 10:58:03 PM

see first message for new version:

******************* pp v3 ******************* added 3/20/2010

raviram80
30 posts
msg #90131
Ignore raviram80
3/22/2010 9:33:24 PM

how do you trade these stocks? I mean how do we know that they have touched a bottom and will not go further down. Any other indicator to support this

four
4,005 posts
msg #90135
Ignore four
modified
3/22/2010 10:51:22 PM

@raviram80

Try this:

set{var1, day point range / 5}
set{buy, max(close,open) + var1}
draw buy on plot close
add column separator
add column var1
add column buy

--

see first post ... pp v3

StockFetcher Forums · Filter Exchange · pp reached a new 4 week low<< >>Post Follow-up

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