StockFetcher Forums · General Discussion · Please help with multiple support/bottom filter<< >>Post Follow-up
15minoffame
116 posts
msg #92764
Ignore 15minoffame
5/15/2010 1:07:02 AM

Please take a look at the daily chart of MT. Notice that it always bounces up when it hits the 32-33 area. This goes back to last Aug. Is there a way to write a filter to find these types of stocks that hit multiple support/bottoms and have the filter draw a straight support line in the process over a lengthy period such as this?

TIA

15

Cacher
121 posts
msg #92772
Ignore Cacher
modified
5/15/2010 10:17:28 AM

Fetcher[
show stocks where low < 1 percent above support(210,30,1)
and draw support(210,30,1) on price plot

and price is greater then 5
and volume is greater then 100000
]



.. play with the time periods....or the triggers.

MT currently doesn't fall within the "low < 1 percent above support(210,30,1)" ( I am sure it did in the past), but I believe this does screen/capture the trait you are looking for ...or at least it is a start.....you could add some counts to see that it hits the support X number of times ... or ???? .... Tweak away !

15minoffame
116 posts
msg #92778
Ignore 15minoffame
5/15/2010 2:26:59 PM

Cacher!
Mucho gracias senor! The 210, is that trading or calendar days? What does the 30 represent?

Thanks again!

15

Cacher
121 posts
msg #92786
Ignore Cacher
5/15/2010 4:42:31 PM

Here is the definition of the parameters:
( ...copied from Yepher's StockFetcher Guide )


The 3 parameters:

Period - Amount of time to search for support or
resistance. (trading days ...not calender)

Min Distance - Minimum number of days required
between two points making up support or resistance.

Open Period - Number of days at the end of the
chart to allow for breaking of support or resistance

....hope that helps. Try changing the parameters to see how it effects the results.


15minoffame
116 posts
msg #92797
Ignore 15minoffame
5/16/2010 1:06:24 AM

Cache or anyone,
Sorry to bother you again. I tried to reverse it with resistance line, but I can't figure out why it's not working.

What is wrong with this code?

show stocks where close < 4 percent below resistance(240,30,1)

Thanks again!

15

Cacher
121 posts
msg #92835
Ignore Cacher
modified
5/16/2010 10:16:33 PM

This is what I grabbed from the [search]....and I modified it a little...

Fetcher[show stocks where close 1 day ago crossed above resistance(120,15,2)
and close is below resistance(120,15,2)
]



or ... after a little more experimenting ...

Fetcher[
show stocks where close 1 day ago crossed below resistance(210,30,2)
and close is below resistance(210,30,2)

and draw support(210,30,2) on price plot

and price is greater then 5
and volume is greater then 100000
]


Feed a man for a day, or teach him to farm for a lifetime.

StockFetcher Forums · General Discussion · Please help with multiple support/bottom filter<< >>Post Follow-up

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