StockFetcher Forums · General Discussion · Bullish pennant continuation pattern<< >>Post Follow-up
trade_4_money
6 posts
msg #37589
Ignore trade_4_money
8/22/2005 10:31:57 PM

I am wondering if anyone can give me some hint on making one or two filters to find stocks have bullish pennant or bullish flag continuation pattern for the past 5 trading days.

Thanks in advance.


jclaffee
81 posts
msg #37590
Ignore jclaffee
8/23/2005 1:13:10 AM

Have you checked out the "Short Term Pattern Matching" section on the SF home page?

Jim


rtucker
318 posts
msg #37614
Ignore rtucker
8/24/2005 9:00:21 AM

I tried this some time ago and could only do as well as this.

Fetcher[set{v,count(4 day slope of close is between 0 and -.05,1)}
set{a,count(5 day slope of close 4 days ago > .1,1)}
set{and1,v * a }

set{t,count(5 day slope of close is between 0 and -.05,1)}
set{r,count(5 day slope of close 5 days ago > .1,1)}
set{and2,t * r }


set{b,count(6 day slope of close is between 0 and -.05,1)}
set{c,count(5 day slope of close 6 days ago > .1,1)}
set{and3,b * c }


set{or1,and1 + and2}
set{or2,or1 + and3}
or2 > 0
and price > 1 and avg vol(90) > 50000
]



It looks for a very recent advance(5 day slope of close x days ago > .1). A slope of 1 would mean price doubled in that 5 day period. Then, it looks for a 4 day, or 5 day, or 6 day colsolidation where price cannot advance and give back up to half(.05).

The slope and pullback are adjustable to your volatility requirements.

Some charts look good, but, many do not. Search on "flag" and "flagpole" to see prior thread(s) on this topic.




yepher
353 posts
msg #37639
Ignore yepher
8/25/2005 11:28:11 PM

Not sure this will help but you might try:

Fetcher[
show stocks where pattern is symmetric triangle(55,10) 10 days ago
and bollinger(20) with is at a 30 day low
]



Here is some more info you might find useful:

Abbreviations:
SYMTRI
ASCTRI
DIVTRI
DSCTRI
Lower 3x5ATR

Others:
Lower Descending Triangle
Lower Diverging Triangle
Upper Descending Triangle
Upper Diverging Triangle
symmetric triangle top
upper symmetric triangle
symmetric triangle upper

http://yepher.com/~yepher/stockfetcher/command-cmddoc.html#Triangles%20(Ascending/Descending/Symmetric/Diverging)





trade_4_money
6 posts
msg #37671
Ignore trade_4_money
8/27/2005 2:55:04 AM

Thanks all for the info.

Chart like this one below inspired me to look for stocks with pennant pattern. I caught GLNC from 0.33 to 1.40s on this formation a few days ago.

Well I do the patterm match method, it generated hundreds, none really matched it. I'll test of others you suggested. Thanks a lot!

http://stockcharts.com/def/servlet/SC.web?c=glnc,uu[p,a]dhcayiay[d20050722,20050825][pb5!b10!d20,2!f][vc60][iub14!lw14!lp14,3,3!le5,10,1!ld20!lah12,26,9!lk14][j57320216,y]&listNum=3



StockFetcher Forums · General Discussion · Bullish pennant continuation pattern<< >>Post Follow-up

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