StockFetcher Forums · General Discussion · How to scan for Stocks Trending Up (and Stocks Trending Down)<< >>Post Follow-up
drago9955
6 posts
msg #100549
Ignore drago9955
5/4/2011 9:52:10 AM

Hi,

Good Day to all.

I have a list of potential candidates by using the following criteria :

Stock is optionable
Price > 30
Average Volume(90) > 1,000,000

It will usually bring up about 500 stocks (approx.)

I would like to to know if there is any anyway to further break this group into :
1) Stocks that are trending up (in the uptrend for the past 50 days)
2) Stocks that are trending down (in the downtrend for the past 50 days)
3) Stocks that are moving sideway.

Appreciate any help or comment.

Thank You.

:)
Francis

dwiggains
391 posts
msg #100550
Ignore dwiggains
5/4/2011 9:59:37 AM

Hi
This one uses the 50 day slope of the close.
Notice that it favors the high price stocks.
Sort column 5 ascending to get the stocks going down.

Fetcher[
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
add column 50 day slope of the close
sort column 5 descending
]



dwiggains
391 posts
msg #100551
Ignore dwiggains
5/4/2011 10:03:35 AM

This one gives price change divided by close.
Sort column 5 ascending for down stocks.

Fetcher[
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
set {a, close minus close 50 days ago}
set {change, a / close}
add column change
sort column 5 descending
]




Good Luck
See ya
David

drago9955
6 posts
msg #100560
Ignore drago9955
modified
5/5/2011 12:06:25 AM

Hi David,

Thanks for the reply and the solutions. :)
REALLY appreciate your help !
I have been playing around with the 'slope of' but couldn't get it right.

Your first scan will favor high priced stocks as you have mentioned.
(As mentioned in the SF manual, the slope of is using linear regression.
Thus gradient of higher priced stocks will tend to be higher relatively.
Pls correct me if I am wrong in the interpretation here. thks)

Is your second scan a way to get around the bias ?

Or first scan and second scan should be 'merge' in certain way to produce a less biased result ?

Appreciate if you can guide me further.

Big thanks to you again.

:)
Francis




mystiq
650 posts
msg #100561
Ignore mystiq
modified
5/5/2011 12:58:11 AM

5/4/2011 10:03:35 AM

This one gives price change divided by close.
Sort column 5 ascending for down stocks.


Fetcher[
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
set {a, close minus close 50 days ago}
set {change, a / close}
add column change
sort column 5 descending


**nice simple scan**

Fetcher[
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
set {a, close minus close 50 days ago}
set {change, a / close}
add column change
sort column 5 descending
shares outstanding < 1
set{x%,weekly atr(8)/weekly ma(8)}
add column x%
add column rsi(2)
add column weekly StochRSI(2,2)

draw weekly macd(1,3,3)
draw macd(1,3,3)
]



four
4,001 posts
msg #100566
Ignore four
modified
5/5/2011 3:17:31 PM

NOTE: Borrowed from above (A) added MIN minus MIN (B) rsi (C) CHANGE <

Fetcher[
DRAW CHANGE < 0.0 FOR THE LAST 3 DAYS
Stock is optionable AND RSI(2) < 3
Price > 30
Average Volume(90) > 19,000
set {a, MIN(OPEN,close) minus MIN(OPEN 1 DAY AGO,close 1 days ago)}
set {change, a / close}
add column change
sort column 5 descending

]



drago9955
6 posts
msg #100578
Ignore drago9955
5/6/2011 12:15:47 AM

Hi mystiq and four ,

Thanks for the responses and solutions !
As a relatively new user of SF, it will take me some time to digest that, but it is a happy problem :)
In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness.

Thanks guys again for the help :)

:)
Francis





four
4,001 posts
msg #100579
Ignore four
5/6/2011 1:31:52 AM

"In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness"
---------

Using low rsi(2) values seem to, sometimes, pick better.
See Kevin's work here, http://forums.stockfetcher.com/sfforums/?q=view&tid=94375&start=0.

drago9955
6 posts
msg #100634
Ignore drago9955
5/7/2011 12:25:14 AM

Thanks four,

It looks like a very interesting and informative thread.
That will keep me busy for some time.
Happy problem to have :)

Thanks again for sharing !

:)
Francis

mystiq
650 posts
msg #100637
Ignore mystiq
modified
5/7/2011 2:02:56 AM

four
910 posts
msg #100579
- Ignore four 5/6/2011 1:31:52 AM

"In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness"
---------

Using low rsi(2) values seem to, sometimes, pick better.
See Kevin's work here, http://forums.stockfetcher.com/sfforums/?q=view&tid=94375&start=0.


>i just combined the above ideas and added a twist to sort out the results
shares outstanding < 1 --- the less; the more the stock moves
set{x%,weekly atr(8)/weekly ma(8)} --- potential stock movement; positive
add column rsi(2) -- distribution/accumulation?
add column weekly StochRSI(2,2) --- distribution/accumulation?
draw weekly macd(1,3,3) -- distribution/accumulation?
draw macd(1,3,3) -- distribution/accumulation?


StockFetcher Forums · General Discussion · How to scan for Stocks Trending Up (and Stocks Trending Down)<< >>Post Follow-up

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