StockFetcher Forums · General Discussion · Bullish engulfing HELP!<< 1 2 >>Post Follow-up
lawdawguw
25 posts
msg #65130
Ignore lawdawguw
7/17/2008 8:06:06 PM

The filter "pattern is a bullish engulfing" produces way too many false positives. So I'm curious if some could give me a hand.

Basically, I want at least a 3% gap down on the second day formation with a close above the first days open of at least three percent.

this is the closest thing I've found but I'd like to addd the percentages in:
Fetcher[
set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top above body_top 1 day ago
and body_bottom below body_bottom 1 day ago
and close above open
and open 1 day ago above close 1 day ago
and close 1 days ago decreasing for the last 3 days

]



Any help is appreciated!


chetron
2,817 posts
msg #65131
Ignore chetron
7/17/2008 9:30:00 PM

MAYBE....

Fetcher[

/* TACHIKAWA */
/* BULLISH ENGULFING */

CLOSE 5% ABOVE OPEN 1 DAY AGO
OPEN 5% BELOW CLOSE 1 DAY AGO
OPEN 1 DAY AGO ABOVE CLOSE 1 DAY AGO

CHART-TIME 5 DAY

]



lawdawguw
25 posts
msg #65136
Ignore lawdawguw
7/17/2008 10:29:44 PM

Yea, that seems to not be working (correctly) either....

I altered the chart, added a volume filter, and price filter... zero results on several back tests...

I really need to get this worked out, thanks for trying!

chetron
2,817 posts
msg #65143
Ignore chetron
7/17/2008 10:59:48 PM

DO YOU HAVE A LIST OF RECENT TICKER SYMBOLS THAT HAVE EXPERIENCED THIS EVENT THAT YOU ARE LOOKING FOR?


TIA CHETRON



lawdawguw
25 posts
msg #65146
Ignore lawdawguw
7/17/2008 11:12:40 PM

Thanks for helping me with this:

TONE, JNS, BLL, OEH, AB, CDL, TRMK

I'm not sure how familiar you are with the formation, but basically, you need a prior downtrend in place with a black or red candle, then the final day opens with a gap down, about 5% (wicks are ignored) then reverses and closes %5 above the previous days open.

If I run the basic "pattern is bullish engulfing" scan, then I get way too many false positives. like the gap down is only a tic, etc.

WALLSTREETGENIUS
983 posts
msg #65147
Ignore WALLSTREETGENIUS
7/17/2008 11:16:06 PM

EVERYTHING BIGINS AND ENDS WITH DMA! SOMEDAY B-4
I LEAVE HERE, THIS FORUM WILL REALIZE IT...

Fetcher[DMA(28,-14) is more than 2% above price
Average volume(30) is above 100000
close is above 2
close is more than 2% above open
close is more than 2% above open 1-day ago
open is below open 1-day ago
open is below close 1-day ago
close is above close 1-day ago
offset 0
]





RIGGS

lawdawguw
25 posts
msg #65148
Ignore lawdawguw
modified
7/17/2008 11:23:01 PM

Thx

Still not perfect but better than the alternative...

WALLSTREETGENIUS
983 posts
msg #65149
Ignore WALLSTREETGENIUS
modified
7/17/2008 11:36:30 PM

Lawdawg -

I wasn't seeking "perfection" for you. This is a good start for YOU to play around with. The formula for "perfection" is there, you just need to find the missing ingredient.


RIGGS

WALLSTREETGENIUS
983 posts
msg #65150
Ignore WALLSTREETGENIUS
modified
7/17/2008 11:46:54 PM

Okay, don't give yourself a headache...here's the "missing ingredient." I offset it 1-day, so you can see the likes
of AB, TONE, OEH, TRMK, etc....

Fetcher[DMA(28,-14) is more than 2% above price
Average volume(30) is above 100000
close is above 2
close is more than 2% above open
close is more than 2% above open 1-day ago
open is below open 1-day ago
open is below close 1-day ago
close is above close 1-day ago
open 1-day ago is more than 1%
below close 2-days ago
offset 1
]




- WALLSTREETGENIUS -

WALLSTREETGENIUS
983 posts
msg #65151
Ignore WALLSTREETGENIUS
7/17/2008 11:51:11 PM

BTW, what was the reason for the "gap down" just befor the engulfing? Just curious....

StockFetcher Forums · General Discussion · Bullish engulfing HELP!<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus