StockFetcher Forums · General Discussion · Exchange Traded Funds (ETF)<< >>Post Follow-up
glgene
523 posts
msg #36599
Ignore glgene
7/1/2005 9:42:38 AM

I currently have a position in IWM, which is a proxy for the Russell 2000. Am trying to come up with a stock screen that makes sense in viewing ETFs in general. Trying to come up with some indicators that would show divergence from price. Here's my start:

stock is etf
and add column RSI(14)
and add column CCI(20)
and draw rsi(14)
and draw Momentum(12)
and draw CCI(20)
and draw EMA(30)
and add column EMA(30)
and draw MA(30)
and draw money flow index(30)

I would appreciate feedback on what I've dnne so far, and any new suggestions. One thing I will add is something on average volume, since low-traded ETFs probably don't make too much sense. IWM is hugely liquid, which is good.

Thanks in advance for those who reply.

GL Gene


TheRumpledOne
6,358 posts
msg #36601
Ignore TheRumpledOne
7/1/2005 10:51:59 AM

CLICK ON THE MAGNIFYING GLASS ICON:

Fetcher[
/* Basic Filter for newbies and old pros */

set{E36b,days(ema(3) is above ema(6),100)}
set{E36a,days(ema(3) is below ema(6),100)}
set{E3xE6, E36a - E36b}

set{E50200b,days(ma(50) is above ma(200),100)}
set{E50200a,days(ma(50) is below ma(200),100)}
set{M50xM200, E50200a - E50200b}

set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CxC, CCa - CCb}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}


set{E50b,days(close is above ma(50),100)}
set{E50a,days(close is below ma(50),100)}
set{CxM50, E50a - E50b}

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{aa, a1 + a2}
Set{TREND, aa + a3}

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}


set{PARBuy, count(close crossed above Parabolic SAR, 5) }
set{DMIBuy, count( di(14) Difference crossed above 0 , 5) }
set{DMIBuyX, count( di(14) Difference above 0 , 1) }

set{PARSell, count(close crossed below Parabolic SAR, 5) }
set{DMISell, count( di(14) Difference crossed below 0, 5) }
set{DMISellX, count( di(14) Difference below 0, 1) }

set{PARSBuy1, PARBuy * DMIBuy}
set{PARSBuy, PARSBuy1 * DMIBuyX}

set{PARSSell1, PARSell * DMISell}
set{PARSSell, PARSSell1 * DMISellX}

set{PARSTrade, PARSBuy + PARSSell}

set{HiOp, high - open}

and add column VolCnt
and add column Vdbl
and add column volpct

and add column HiOp
and add column Trend

and add column CxC {CxC_}
and add column CxE5 {CxE5}

and add column E3xE6 {E3xE6}
and add column E13xE26 {E13xE26}


and add column CxM50
and add column CxM200
and add column M50xM200

add column rsi(2)
add column weekly rsi(2)

add column PARSBuy
add column PARSSell


close above 1
volume above 1000000

sort column 7 descending


and draw Parabolic SAR
and draw +di(14)
and draw -di(14)
and draw adx(14)
and draw di(14) difference

/* your filter code goes here */

stock is etf
and add column RSI(14)
and add column CCI(20)
and draw rsi(14)
and draw Momentum(12)
and draw CCI(20)
and draw EMA(30)
and add column EMA(30)
and draw MA(30)
and draw money flow index(30)

]




Check the posts in the forum on divergence.. there are a couple of filters there.

MAY ALL YOUR FILLS BE COMPLETE.



glgene
523 posts
msg #36613
Ignore glgene
7/1/2005 3:33:58 PM

TRO,

This is the message I get when I run your suggested script:

(!)Potential Filter Error

0 matches

What to do?

GL Gene


TheRumpledOne
6,358 posts
msg #36654
Ignore TheRumpledOne
7/2/2005 5:02:43 PM

CLICK ON THE MAGNIFYING GLASS ICON!


StockFetcher Forums · General Discussion · Exchange Traded Funds (ETF)<< >>Post Follow-up

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