StockFetcher Forums · General Discussion · Intraday Trades<< 1 2 3 >>Post Follow-up
jkiehle
13 posts
msg #33111
Ignore jkiehle
9/2/2004 11:57:02 PM

I was wondering if anyone out there could give me some pointers on how to filter for stocks like AGII. Flat for long periods but with a good daily swing.

Any Ideas??


robdavis
69 posts
msg #33114
Ignore robdavis
9/4/2004 2:04:51 AM

Jkiehle,

AGII appears to be one of a kind, with its wide intraday swings, and its ability to trade in a seemingly narrow channel. The best two ideas I've come across so far are...

A) Look for stocks with a relatively high ratio of daily trading range as expressed by "(high-close)/close".

And B) Look for stocks that trade in "Narrow XX-day Channels". With these two ideas, here's the filter I've written...
Fetcher[
Show stocks where volume 30 day low is greater than 20000
and close is between 1 and 250
and set{delta0,high minus low}
and set{ratio0,delta0 divided by close}
and set{delta2,high 2 days ago minus low 2 days ago}
and set{ratio2,delta2 divided by close 2 days ago}
and set{delta4,high 4 days ago minus low 4 days ago}
and set{ratio4,delta4 divided by close 4 days ago}
and set{ch10,count(close is in a Narrow 10-day Channel,1)}
and set{ch15,count(close is in a Narrow 15-day Channel,1)}
and set{ch30,count(close is in a Narrow 30-day Channel,1)}
and set{ch60,count(close is in a Narrow 60-day Channel,1)}
and set{ch90,count(close is in a Narrow 90-day Channel,1)}
and set{sum2,ch10+ch15}
and set{sum3,sum2+ch30}
and set{sum4,sum3+ch60}
and set{sum5,sum4+ch90}
and sum5 is above 0.9
and ratio0 is above 0.05
and ratio2 is above 0.05
and ratio4 is above 0.05
]


One issue is this: As soon as we restrict stocks to ratios higher than 0.05, we tend to filter out just about all stocks.

Another issue is the following: as soon as we narrow down our search to stocks that trade in "channels", we filter out a huge number of stocks. And the latter includes AGII, one of your favorite stocks.

A third issue is, we have to lower the 30-day low volume to 20,000, if I want to include your AGII. And, as you know, trading stocks with a volume that can suddenly drop down to 20,000 or 30,000 per day is probably not a good idea.

I suggest you experiment, and adjust, and search for values for this filter, and find out by experimentation what works best for you.

I hope this helps.

Rob


robdavis
69 posts
msg #33115
Ignore robdavis
9/4/2004 2:15:08 AM

P.S.: Ooops, a typo has slipped in. The math expression of "(high-close)/close" should be "(high-LOW)/close".

Sorry about that.

Rob
.



jkiehle
13 posts
msg #33118
Ignore jkiehle
9/4/2004 2:16:26 PM

Rob,

Thanks for your efforts. I will be experimenting with this a little later today, alas I have to do some real work today.

You have run into many of the same hurdles I have. I know there must be a way though,because I initially find these visually. I look at one year charts where the chart is thick and dark, then I look for long really flat periods in the last 90 days especially the last 30 days, then I look to see if there is enough volume. As you know it takes forever to scan hundreds of charts just to find one stock to investigate further.

I just feel like if I can eball it I should be able to figure out how to program it. Thanks for your ideas it has spawned some other thoughts hmmm....what if.....


robdavis
69 posts
msg #33122
Ignore robdavis
9/4/2004 6:35:39 PM

Jkiehle,

Here's another idea for you.

If you don't mind long filters -- because, as you know, we cannot use straight "OR" operators; and because we cannot say, "and set{delta,high N days ago minus low N days ago}"; and because we cannot say, "and set{y29,x0+x1+x2+... +x29}"; and because we cannot debug scripts that have more than ten "set{}" statements in them -- you could write...

and set{delta0,high minus low}
and set{ratio0,delta0 divided by close}
and set{x0,count(ratio0 is above 0.05,1)}

and set{delta1,high 1 days ago minus low 1 day ago}
and set{ratio1,delta1 divided by close 1 days ago}
and set{x1,count(ratio1 is above 0.05,1)}
...
...
...
and set{delta29,high 29 days ago minus low 29 days ago}
and set{ratio29,delta29 divided by close 29 days ago}
and set{x29,count(ratio29 is above 0.05,1)}

This way you would write three new lines of script for every bar in the last 30 days, and then you could close those (30 x 3 = ) 90 lines with the following 31 lines of script...

and set{y0,x0+x1}
and set{y1,y0+x2}
...
...
...
and set{y29,x28+x29}
and y29 is above 15

This way you would allow the computer more freedom to choose stocks with any 15 of their 30 bars elongated (as opposed to insisting that, of the 30 last bars, what should be elongated are bar numbers 0, 2, and 4.)

I hope this helps.

Rob



jkiehle
13 posts
msg #33123
Ignore jkiehle
9/4/2004 8:40:10 PM

Rob,

Say if I was working on the last 10 days did you mean:

and set{y0,x+x0}
and set{y1,x0+x1}
and set{y2,x1+x2}
and set{y3,x2+x3}
and set{y4,x3+x4}
and set{y5,x4+x5}
and set{y6,x5+x6}
and set{y7,x6+x7}
and set{y8,x7+x8}
and set{y9,x8+x9}
and set{y10,x9+x10}
and y10 is above 15


jkiehle
13 posts
msg #33125
Ignore jkiehle
9/4/2004 8:53:12 PM

Rob,

If you have time would you look at this and see if the syntax is correct I am not getting anything back and I dont understand the code well enough yet to see the problem. Thanks, Jonathan

Fetcher[
Show stocks where volume 30 day low is greater than 20000
and close is between 1 and 250
and set{delta0,high minus low}
and set{ratio0,delta0 divided by close}
and set{delta1,high 1 days ago minus low 1 days ago}
and set{ratio1,delta1 divided by close 1 days ago}
and set{delta2,high 2 days ago minus low 2 days ago}
and set{ratio2,delta2 divided by close 2 days ago}
and set{delta3,high 3 days ago minus low 3 days ago}
and set{ratio3,delta3 divided by close 3 days ago}
and set{delta4,high 4 days ago minus low 4 days ago}
and set{ratio4,delta4 divided by close 4 days ago}
and set{delta5,high 5 days ago minus low 5 days ago}
and set{ratio5,delta5 divided by close 5 days ago}
and set{delta6,high 6 days ago minus low 6 days ago}
and set{ratio6,delta6 divided by close 6 days ago}
and set{delta7,high 7 days ago minus low 7 days ago}
and set{ratio7,delta7 divided by close 7 days ago}
and set{delta8,high 8 days ago minus low 8 days ago}
and set{ratio8,delta8 divided by close 8 days ago}
and set{delta9,high 9 days ago minus low 9 days ago}
and set{ratio9,delta9 divided by close 9 days ago}
and set{delta10,high 10 days ago minus low 10 days ago}
and set{ratio10,delta10 divided by close 10 days ago}
and set{delta0,high minus low}
and set{ratio0,delta0 divided by close}
and set{x0,count(ratio0 is above 0.05,1)}
and set{delta1,high minus low}
and set{ratio1,delta1 divided by close}
and set{x1,count(ratio1 is above 0.05,1)}
and set{delta2,high minus low}
and set{ratio2,delta2 divided by close}
and set{x2,count(ratio2 is above 0.05,1)}
and set{delta3,high minus low}
and set{ratio3,delta3 divided by close}
and set{x3,count(ratio3 is above 0.05,1)}
and set{delta4,high minus low}
and set{ratio4,delta4 divided by close}
and set{x4,count(ratio4 is above 0.05,1)}
and set{delta5,high minus low}
and set{ratio5,delta5 divided by close}
and set{x5,count(ratio5 is above 0.05,1)}
and set{delta6,high minus low}
and set{ratio6,delta6 divided by close}
and set{x6,count(ratio6 is above 0.05,1)}
and set{delta7,high minus low}
and set{ratio7,delta7 divided by close}
and set{x7,count(ratio7 is above 0.05,1)}
and set{delta8,high minus low}
and set{ratio8,delta8 divided by close}
and set{x8,count(ratio8 is above 0.05,1)}
and set{delta9,high minus low}
and set{ratio9,delta9 divided by close}
and set{x9,count(ratio9 is above 0.05,1)}
and set{delta10,high minus low}
and set{ratio10,delta10 divided by close}
and set{x10,count(ratio10 is above 0.05,1)}
and ratio0 is above 0.05
and ratio1 is above 0.05
and ratio2 is above 0.05
and ratio3 is above 0.05
and ratio4 is above 0.05
and ratio5 is above 0.05
and ratio6 is above 0.05
and ratio7 is above 0.05
and ratio8 is above 0.05
and ratio9 is above 0.05
and ratio10 is above 0.05
and set{y0,x+x0}
and set{y1,x0+x1}
and set{y2,x1+x2}
and set{y3,x2+x3}
and set{y4,x3+x4}
and set{y5,x4+x5}
and set{y6,x5+x6}
and set{y7,x6+x7}
and set{y8,x7+x8}
and set{y9,x8+x9}
and set{y10,x9+x10}
and y10 is above 15
]




jkiehle
13 posts
msg #33126
Ignore jkiehle
9/4/2004 8:57:22 PM

Rob,

I found one thing fixed that but it is still not working here is the current code.

If you have time would you look at this and see if the syntax is correct I am not getting anything back and I dont understand the code well enough yet to see the problem. Thanks, Jonathan

Fetcher[
Show stocks where volume 30 day low is greater than 20000
and close is between 1 and 250
and set{delta0,high minus low}
and set{ratio0,delta0 divided by close}
and set{delta1,high 1 days ago minus low 1 days ago}
and set{ratio1,delta1 divided by close 1 days ago}
and set{delta2,high 2 days ago minus low 2 days ago}
and set{ratio2,delta2 divided by close 2 days ago}
and set{delta3,high 3 days ago minus low 3 days ago}
and set{ratio3,delta3 divided by close 3 days ago}
and set{delta4,high 4 days ago minus low 4 days ago}
and set{ratio4,delta4 divided by close 4 days ago}
and set{delta5,high 5 days ago minus low 5 days ago}
and set{ratio5,delta5 divided by close 5 days ago}
and set{delta6,high 6 days ago minus low 6 days ago}
and set{ratio6,delta6 divided by close 6 days ago}
and set{delta7,high 7 days ago minus low 7 days ago}
and set{ratio7,delta7 divided by close 7 days ago}
and set{delta8,high 8 days ago minus low 8 days ago}
and set{ratio8,delta8 divided by close 8 days ago}
and set{delta9,high 9 days ago minus low 9 days ago}
and set{ratio9,delta9 divided by close 9 days ago}
and set{delta10,high 10 days ago minus low 10 days ago}
and set{ratio10,delta10 divided by close 10 days ago}
and set{x0,count(ratio0 is above 0.05,1)}
and set{delta1,high minus low}
and set{ratio1,delta1 divided by close}
and set{x1,count(ratio1 is above 0.05,1)}
and set{delta2,high minus low}
and set{ratio2,delta2 divided by close}
and set{x2,count(ratio2 is above 0.05,1)}
and set{delta3,high minus low}
and set{ratio3,delta3 divided by close}
and set{x3,count(ratio3 is above 0.05,1)}
and set{delta4,high minus low}
and set{ratio4,delta4 divided by close}
and set{x4,count(ratio4 is above 0.05,1)}
and set{delta5,high minus low}
and set{ratio5,delta5 divided by close}
and set{x5,count(ratio5 is above 0.05,1)}
and set{delta6,high minus low}
and set{ratio6,delta6 divided by close}
and set{x6,count(ratio6 is above 0.05,1)}
and set{delta7,high minus low}
and set{ratio7,delta7 divided by close}
and set{x7,count(ratio7 is above 0.05,1)}
and set{delta8,high minus low}
and set{ratio8,delta8 divided by close}
and set{x8,count(ratio8 is above 0.05,1)}
and set{delta9,high minus low}
and set{ratio9,delta9 divided by close}
and set{x9,count(ratio9 is above 0.05,1)}
and set{delta10,high minus low}
and set{ratio10,delta10 divided by close}
and set{x10,count(ratio10 is above 0.05,1)}
and ratio0 is above 0.05
and ratio1 is above 0.05
and ratio2 is above 0.05
and ratio3 is above 0.05
and ratio4 is above 0.05
and ratio5 is above 0.05
and ratio6 is above 0.05
and ratio7 is above 0.05
and ratio8 is above 0.05
and ratio9 is above 0.05
and ratio10 is above 0.05
and set{y0,x+x0}
and set{y1,x0+x1}
and set{y2,x1+x2}
and set{y3,x2+x3}
and set{y4,x3+x4}
and set{y5,x4+x5}
and set{y6,x5+x6}
and set{y7,x6+x7}
and set{y8,x7+x8}
and set{y9,x8+x9}
and set{y10,x9+x10}
and y10 is above 15
]





jkiehle
13 posts
msg #33129
Ignore jkiehle
9/4/2004 10:47:18 PM

YAhoo...I got it to work now for some tweaking. I will let you know how it works out.

Jonathan


yepher
353 posts
msg #33131
Ignore yepher
9/4/2004 10:52:11 PM

jkiehle


You wrote: I was wondering...Flat for long periods but with a good daily swing.

Stockfetcher has a few terms that I think are exactly what you are looking for. Have a look at Slope and Lear Regression for the "Flat" part. Then for the "good daily swing" part have a look at these: Day Range / Average Day Range / Day Point Range


I hope this helps.



StockFetcher Forums · General Discussion · Intraday Trades<< 1 2 3 >>Post Follow-up

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