StockFetcher Forums · General Discussion · Basing stocks<< >>Post Follow-up
2 posts
msg #42732
Ignore Noodles1
4/4/2006 8:39:24 AM

I've been looking through the posts for a filter that will show stocks in their bases. If any one has one please let me know.

2,824 posts
msg #42735
Ignore nikoschopen
4/4/2006 3:53:43 PM

Flattening Bottom, Rounding Bottom, & Other Non-sexy Bottoms:

Noodles, ure time would have been better spent had you searched the forum since this subject came up on so many occasions. Nevertheless, you'll find what has been posted regurgitated below.


/*This willl find low-basing stocks under $5 (or whatever number you prefer)*/

Average Day Range(120) below 1
low is below the Day Position(0.25,120)
price below 5

/*This will find a rounding bottom*/

set{hi30wk, high 20 week high 20 week ago}
set{hi20wk, high 20 week high}
set{lo20wk, low 20 week low}
set{ldiff, hi30wk / lo20wk}
set{ldiff%, ldiff - 1}
set{lratio, ldiff% * 100}
set{sdiff, hi20wk / lo20wk}
set{sdiff%, sdiff - 1}
set{sratio, sdiff% * 100}

set{ratio, lratio / sratio}
ratio above 3

/*This filter will find stocks with an average daily range of 0.4% or less over a 10 day period.*/

set{ADR, Average Day Range(10)}
ADR below .5

/*This will find stocks with a trading range less than 3% over the past 60 days or 3 months. */

set{hi, high 60 day high}
set{lo, low 60 day low}
set{diff, hi - lo}
set{%diff, diff / lo}
set{ratio, %diff * 100}
ratio is below 3

add column hi
add column lo
add column diff
add column %diff
add column ratio
sort column 9 descending

745 posts
msg #42741
Ignore maxreturn
4/4/2006 8:56:26 PM

Just something I threw together that basically identifies cheap stocks whose 3 month range has been constantly shrinking over the last 100 days. Click on the 1-year charts of several of the stocks returned. You'll see some nice basing stocks:

Fetcher[set{3rng, high 3 month high-low 3 month low}
set{3rngpos, indposition(3rng,100)}
set{cntlow, count(3rngpos below .1,100)}
show stocks where price between .01 and 5 and average volume(65) above 100000 and cntlow above 99

StockFetcher Forums · General Discussion · Basing stocks<< >>Post Follow-up

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