StockFetcher Forums · General Discussion · IBD style flat bases?<< >>Post Follow-up
p0op0op
15 posts
msg #39304
Ignore p0op0op
12/3/2005 2:36:04 PM

I'm trying to develop a filter that screens for flat bases. Lenght in time, run-up, price do not matter at this point. Any have an idea of how to do this. One example of what I'm looking for is THOR. Prior to this weeks break out, it exibited a nice looking flat base.

thanks,

-C


TheRumpledOne
6,358 posts
msg #39347
Ignore TheRumpledOne
12/4/2005 1:24:58 PM

What do you consider to be a FLAT BASE?

I looked at THOR's chart and am not sure of what time period you consider to be a FLAT BASE.

There are a few threads on SF that deal with FLAT BASES and BREAKOUTS. You may find a starting point there.

MAY ALL YOUR FILLS BE COMPLETE.



p0op0op
15 posts
msg #39376
Ignore p0op0op
12/5/2005 7:06:59 AM

Sorry, I'm so used to looking at "Dailygraphs", I forgot they aren't the center of the universe. Kidding aside - I'm looking at a yearly chart, where each bar represents 1 day. THORs flat base (or horizontal channel) is approximately 24 bars/days long.

Specifically: I'd like the run-up to the flat channel to be 5-30 bars/days long, with approximately a 10% gain, then see the flat channel (flat base) either base sideway for 5-30 bars/days long or base slightly downward a couple of percent, 5-30 bars/days long. If it is possible to program volume dry-up during the flat channel, so much the better.

To me this sounds like a lot to ask, so I do appologize for the trouble. Thanks for your time.

-C


riggs
313 posts
msg #39392
Ignore riggs
12/5/2005 7:11:17 PM

p0op0op -

What did you think of the filter I mailed you? again, just curious....


RIGGS.


p0op0op
15 posts
msg #39394
Ignore p0op0op
12/5/2005 7:51:12 PM

Hi Riggs,

Thanks again for spending the time. I'm looking at it as I write. I'll get back to you shortly - thanks again.

-C


JohnyYuma
57 posts
msg #39682
Ignore JohnyYuma
12/20/2005 8:20:51 AM

There is another version of the Flat Base Breakout in this months TASC magazine - take it away
Thanks


JohnyYuma
57 posts
msg #39706
Ignore JohnyYuma
12/20/2005 11:28:51 PM

noted verbatim from the mag.

= Daily close for today is greater than maximum close over 60 days, starting yesterday
= Daily close for today is less than 50 days
= Daily close for today is greater than daily open for today
= Daily close for today is greater than or equal to 2
= Daily close for today is greater than daily close for yesterday
= 63-Day EMA of volume for yesterday is less than or equal to 500,000
= Daily volume for today is greater than or equal to minimum volume over 60 days (starting today) multiplied by 5
= Daily volume for today is greater than or equal to daily volume for yesterday, multiplied by 3

Thanks


StockFetcher Forums · General Discussion · IBD style flat bases?<< >>Post Follow-up

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