StockFetcher Forums · General Discussion · I'm new and need a little help<< >>Post Follow-up
meirc
9 posts
msg #35181
Ignore meirc
2/21/2005 4:50:04 PM

Hello
I'm trying to build a filter that search gaps down more than 20% at the last year and the price didn't climb over this gap which mean the price is lower than the gap but now he is about to reach the low limit of the gap(something like 5% under the limit)
I don't have a clue how can i do it

Thank's in advance



rsarno
103 posts
msg #35195
Ignore rsarno
2/23/2005 11:38:52 PM

step through the logic a bit better and ill see if i can help a bit, or get you started

as of now, im confused lol


meirc
9 posts
msg #35198
Ignore meirc
2/24/2005 1:47:53 PM

O.K
I WANT TO SEARCH GAPS DOWN AT PRICE OVER THE LAST YEAR.
FOR EXAMPLE LIKE PARAMOS(PARS) A STOCK THAT CLOSED AT 3.5$ AND THE NEXT DAY IT OPENED AT 1$.
LETS SAY THAT 1$ NOW IS LIKE A RESISTANCE LINE NOW FOR EXAMPLE AFTER 3 MONTHS
THE PRICE IS NEAR TO THAT RESISTANCE LETS SAY 0.97$ (IT'S IMPORTANT THAT THE PRICE DIDN'T CROSS THE IMAGINE 1$ RESISTANCE UNTIL NOW(0.97$))
I'M SEARCHING FOR THAT KIND OF STOCKS



PeterJerome
23 posts
msg #35212
Ignore PeterJerome
2/26/2005 11:49:48 AM

meirc,
Your example(PARS) shows a gap-down of >70%. Use following filter:
<<show stocks where open is 70% below close 1 day ago>>
This selects stocks 70% OR greater.
The low number of stocks could be put into a watchlist and manually observed for price approaching resistance.(not sure how to do in SF)
NOTE: these are 'penny' stocks with very low volumes and can be problematic when trying to exit such a stock.
Good luck,
Peter.


StockFetcher Forums · General Discussion · I'm new and need a little help<< >>Post Follow-up

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