StockFetcher Forums · General Discussion · Need help with hi-lo range filter setup<< >>Post Follow-up
rayjay66
2 posts
msg #38306
Ignore rayjay66
10/2/2005 4:55:00 PM

Hello All,

I am trying to set up a filter that will give me stocks whose range
(hi to lo) is less than the six or seven prior trading days. Makes no difference whether they are up or down days...just need the lastest trade day to have a smaller range.

My first post, and I gotta say I have been very impressed with the site and the way folks share knowledge, etc.

Thanks in advance,

excoastie






alf44
2,025 posts
msg #38308
Ignore alf44
10/2/2005 5:11:05 PM

rayjay66,

It sounds to me (if I understand correctly) like you are looking for what Linda Rashke(and others) refer to as an NR7. That is the narrowist range day of the last 7 days.

Try this:

Fetcher[Show stocks where Day Point Range reached a new 7 day Low and High is below High 1 day ago and Low is above Low 1 day ago]



-------------

This scan should give you an NR7...AND...will also define the NR7 day as an "inside day" as well !


alf44






rayjay66
2 posts
msg #38309
Ignore rayjay66
10/2/2005 5:55:57 PM

Many thanks to you for the filter; that is exactly what I was looking for.
Actually, I saw the NR7 setup in Alan Farley's book "The Master Swing Trader."
He does appear to know his "stuff," but most of his writing gets way over my head (doesn't take much these days - I'll be 67 next b'day.)

Thanks again, and have a nice and profitable week,






alf44
2,025 posts
msg #38310
Ignore alf44
10/2/2005 6:47:00 PM

Good Luck, rayjay !

Glad to help !


alf44




StockFetcher Forums · General Discussion · Need help with hi-lo range filter setup<< >>Post Follow-up

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