StockFetcher Forums · General Discussion · Need help building filter to screen for intraday movement - Thank you<< >>Post Follow-up
kindtrader56
12 posts
msg #90178
Ignore kindtrader56
3/23/2010 7:29:53 PM

I'm trying to build a filter which measures how often a stock gains a certain percent from it's opening price during the day.

I would like to build a scalping system which finds stocks whose high for the day is at least a half percent or more from the open at least 90% of days during a 120 day period.

Thank you for your help

Kevin_in_GA
4,548 posts
msg #90179
Ignore Kevin_in_GA
3/23/2010 8:26:35 PM

This might help.

++++++++++++
Fetcher[

/* TRO's MILK THE COWS SCAN modified by Kevin_in_GA*/

/*STRATEGY IS TO FIND LARGE VOLUME STOCKS THAT FREQUENTLY GAP UP OR DOWN BY AT LEAST 1%, AND ALSO FREQUENTLY RANGE AT LEAST 1% UP AND DOWN EACH DAY*/

/*MEASURE FREQUENCY OF GAPS UP OR DOWN*/
set{prev_close, close 1 day ago}
set{gap_size,open - prev_close}
set{gap_pct,gap_size / prev_close}
set{gap_up,count(gap_pct > 0.005,100)}
set{gap_down,count(gap_pct < -0.005,100)}
set{gap_count,gap_up + gap_down}

/*MEASURE THE DIFFERENCE FROM OPEN TO HIGH*/
set{HiOp, high - open}
set{Long_Profit, HiOp / open }

/*DETERMINE THE FREQUENCY THAT DIFFERENT LONG PROFIT TARGETS ARE HIT*/
set{1pct_Long, count(Long_Profit > .01, 100)}
set{2pct_Long, count(Long_Profit > .02, 100)}
set{3pct_Long, count(Long_Profit > .03, 100)}

/*MEASURE THE DIFFERENCE FROM OPEN TO LOW*/
set{LowOp, open - low}
set{Short_Profit, LowOp / open}

/*DETERMINE THE FREQUENCY THAT DIFFERENT SHORT PROFIT TARGETS ARE HIT*/
set{1pct_Short, count(Short_Profit > .01, 100)}
set{2pct_Short, count(Short_Profit > .02, 100)}
set{3pct_Short, count(Short_Profit > .03, 100)}


/*AVERAGE FREQUENCY FOR 1,2,3% MOVES IN EITHER DIRECTION*/
set{1pct_sum, 1pct_Long + 1pct_Short}
set{2pct_sum, 2pct_Long + 2pct_Short}
set{3pct_sum, 3pct_Long + 3pct_Short}

set{1pct_play, 1pct_sum/2}
set{2pct_play, 2pct_sum/2}
set{3pct_play, 3pct_sum/2}

/*ADD COLUMNS FOR VISUAL REVIEW OF PAST PERFORMANCE*/

add column 1pct_play
add column 2pct_play
add column 3pct_play

add column gap_count
add column gap_up
add column gap_down

/*SCREEN FOR THE STRONGEST CANDIDATES*/
close is above 1
volume is above 1000000
1pct_play is greater than 85
and draw gap_up
and draw gap_down on plot gap_up

sort column 5 descending
]


++++++++++++++++

kindtrader56
12 posts
msg #90183
Ignore kindtrader56
3/23/2010 9:45:38 PM

Thanks Kevin. I tried to run your filter and it produced zero results. I tried to copy and paste the Open to High and Pct. up sections into my filters and it wouldn't work.

Any ideas what I'm doing wrong.

Thanks

Kevin_in_GA
4,548 posts
msg #90185
Ignore Kevin_in_GA
3/23/2010 10:03:31 PM

I click on it and I get 1 stock - PMI. Not sure why you are not seeing anything.

chetron
2,817 posts
msg #90187
Ignore chetron
3/23/2010 10:08:37 PM

probably is your settings.

StockFetcher Forums · General Discussion · Need help building filter to screen for intraday movement - Thank you<< >>Post Follow-up

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