StockFetcher Forums · General Discussion · I have a perfect indicator, now if I could just write a scan<< 1 2 >>Post Follow-up
papagatorga
124 posts
msg #36044
Ignore papagatorga
5/19/2005 1:06:03 AM

Every time I have observed a double bottom (W) pattern in my Williams %R (20) indicator the stock has made a very playable move to the upside. Problem is I have tested various wording but have not been able to get a screen that works. Any ideas???


knowsenough
54 posts
msg #36048
Ignore knowsenough
5/19/2005 9:18:20 AM

You did try this already?
and Williams %R(20) pattern is double-bottom


xplorer
257 posts
msg #36050
Ignore xplorer
5/19/2005 4:19:24 PM

Hmmm ... I think that "pattern is double-bottom" is for price only... but that sure would be a nice addition to our tool box if the "pattern" could be used for each technical.

I was thinking of getting the double bottom with

Fetcher[
Count(Williams %R(14) below -70,10) is less than 3
]



...but doesn't catch it, the way we would expect...


xplorer
257 posts
msg #36051
Ignore xplorer
5/19/2005 4:34:30 PM

This seems to scan for the williams double bottom ... some of the results have a better defined "double bottom", ... it is easy enough to pick them out.

Fetcher[
Count(Williams %R(14) crossed below -75,10) equal 2
and Williams %R(14) is less than -50
and Williams %R(14) is greater than -60
and add column Williams %R(14)
]




papagatorga
124 posts
msg #36093
Ignore papagatorga
5/23/2005 4:25:34 PM

xplorer- you are coming close, as close as any I have seen yet. I notice with yours several have very good double bottoms 10-15 days prior. I am fooling around with it changing the parameters here and there to see if I can tweak it.
Today Mon I found CVD, STZ and GMR that look promising.


xplorer
257 posts
msg #36096
Ignore xplorer
5/23/2005 9:53:13 PM

Yes ... the filter needs tweeking, as the gems are still buried.

You mentioned some tweeking you did ... what did you come up with ?

You mentioned the "double bottom" is coming in like 15 days prior ... how about adding slope ... and shortening the period ... like this :

Fetcher[
Count(Williams %R(14) crossed below -75,7) equal 2
and Williams %R(14) is less than -50
and Williams %R(14) is greater than -60
and slope of Williams %R(14) is greater than 0
and add column Williams %R(14)
and average volume(21) is greater than 90000
]



It seems that overly tweeking really takes away , more then it adds ... but I think we are getting better results ... let me know what you think ...

I like the HNT that it comes up today for Tuesday 5/24


xplorer
257 posts
msg #36097
Ignore xplorer
5/23/2005 9:58:03 PM

... the filter is screening out to many good stocks ... so I opened it up a bit ... I deleted a line :
Fetcher[
Count(Williams %R(14) crossed below -75,7) equal 2
and Williams %R(14) is greater than -60
and slope of Williams %R(14) is greater than 0
and add column Williams %R(14)
and average volume(21) is greater than 90000
]




papagatorga
124 posts
msg #36214
Ignore papagatorga
6/5/2005 11:23:09 AM

xplorer - your latest has a tremendous performance record. I will definitely start trading it to see how my results turn out. Really appreciate you responding to my request like you have, I'm not computer savy and can't write my own scans other than just basics. I am not a day trader but try to follow the rules of cut your losses and let your profits run. I use linear regression lines to select and time my entry and exits, but I noticed on all my charts this double bottom set up with Williams %R and how accurate it had been so I thought if only I could scan for that particular pattern it might be helpful. I don't understand your scan at all, could not even start to write it, but the performance results are so dramatic one has to give it a good test. Two years ago I had good success with StockFetcher, 75% in one account and 50% in the other. But since then I have been sideways to down until I started using the linear regression charts and learning how to use them. I have not even had success with the famous RSI(2). I will come back and post my results using your latest scan. Thanks again


TheRumpledOne
6,358 posts
msg #36217
Ignore TheRumpledOne
6/5/2005 11:37:15 AM

You say you have not had success with RSI(2)??!?!?!?

Please list a few examples... stock, entry date/time, entry price.

Let's see if we can find the "errors".




xplorer
257 posts
msg #36233
Ignore xplorer
6/6/2005 5:01:00 PM

papagatorga...
Glad you found value in that screen ... I enjoy writing these when asked ... it often gives me a new slant at looking at my trades/screeens. I wished I followed that sweet stock your screen picked out for 5/24/05 HNT ($33.24) ... I saw it was ripe ... but I didn't act on it, it clsoed today at $35.75. The chart is nice !


StockFetcher Forums · General Discussion · I have a perfect indicator, now if I could just write a scan<< 1 2 >>Post Follow-up

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