StockFetcher Forums · General Discussion · BELT HOLD<< >>Post Follow-up
Harryok
3 posts
msg #52158
Ignore Harryok
6/11/2007 4:19:47 PM

I am not having success with trying to write a filter for beltholds. Can anyone give me some information>

Thanks

nikoschopen
2,824 posts
msg #52160
Ignore nikoschopen
6/11/2007 4:53:39 PM

Here's a bullish belt hold, which is defined as a white candlestick with no lower shadow and a close near the day’s high.

Fetcher[
set{oplo,open / low}
set{range, opcl / day point range}
range above 0.90
oplo equals 1
sign(opcl) equals 1
sign(opcl) 1 day ago equals -1
]

According to candlestick gurus, however, the Belt Hold isn't very reliable since it occurs fairly often. You also need to note the overall trend, not to mention a confirmation won the following day.

Harryok
3 posts
msg #52166
Ignore Harryok
6/11/2007 7:37:03 PM

You are above my head on the information you posted. I need examples, then I can change it to what I am looking for. I have downloaded the book and spent a lot of time trying to digest it. I am still very limited on my ability to write a filter. I do have several filters that are working fair.

nikoschopen
2,824 posts
msg #52168
Ignore nikoschopen
6/11/2007 8:22:51 PM

You might want to take a look here for a better explanation on set statements.

Harryok
3 posts
msg #52173
Ignore Harryok
6/11/2007 10:14:44 PM

Thanks for the replies I have gotten. I am still confused. If someone would tell me the pages in the book I think it would give me the details I need. I don't know where to start when I see set(oplo,open/low)opci plunge oplo sign (opcl) I am not a programer so I need it spelled out before me. Another thing I am having trouble with is stockfetcher does not tell me if what I am entering is wrong. I have no way of knowing what it is reading and not reading.

Thanks again

StockFetcher Forums · General Discussion · BELT HOLD<< >>Post Follow-up

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