StockFetcher Forums · General Discussion · Stocks that TREND and do not CONSOLIDATE at 0<< >>Post Follow-up
guspenskiy13
976 posts
msg #120567
Ignore guspenskiy13
6/9/2014 8:23:31 PM

I want to find stocks that have a good trend and do not consolidate near the open; go either one way or another....

Is there a way to do it?

guspenskiy13
976 posts
msg #120568
Ignore guspenskiy13
6/9/2014 8:27:25 PM

Volatility ETF's are pretty good, small caps too... but... any suggestions?

Kevin_in_GA
4,553 posts
msg #120570
Ignore Kevin_in_GA
6/9/2014 8:57:15 PM

SF data and filters won't show you intraday consolidation.

guspenskiy13
976 posts
msg #120571
Ignore guspenskiy13
6/9/2014 9:37:48 PM

maybe someone could share his observations...

Marco Sicily
20 posts
msg #120634
Ignore Marco Sicily
modified
6/10/2014 7:07:11 PM

Try this ... This will allow you to screen for stocks that have a low less than .10% (1/10 of a percent) below the open. Sort the Daily Low column and see how may times out of a 100 days this happened. Any stock that had a low less than .10% below the open 70% - 80% of the time puts the odds in your favor. I added the 5 day and 1 day to help find high % stocks which have not met the criteria in he last 1-5 days. Obviously if a stock has a low less than .10% below the open 80% of the time but only 1 or 2 days of the last 5 the odds shift heavily in your favor. Many stocks will have very low average day range that meet this criteria. The Average Day Range(90) column can be adjusted to find more volatile stocks. Just add verbiage like... and average day range is above 1%.


Fetcher[

Close is above 1
and average volume(90) is above 200000
add column count(low less than .10 percent below open, 100) {100 Days < .10% }
add column count(low less than .10 percent below open, 5) {5 Days }
add column count(low less than .10 percent below open, 1) {1 Day}
add column average day range(90)



]




guspenskiy13
976 posts
msg #120636
Ignore guspenskiy13
6/10/2014 7:11:42 PM

Thanks for the filter - and thanks for the idea;

one way to find such candidates - search for candles without tails.

Frank460
4 posts
msg #120730
Ignore Frank460
6/13/2014 9:06:13 AM


Is there a simpler explaination or additional information on this script's use?


Close is above 1
and average volume(90) is above 200000
add column count(low less than .10 percent below open, 100) {100 Days < .10% }
add column count(low less than .10 percent below open, 5) {5 Days }
add column count(low less than .10 percent below open, 1) {1 Day}
add column average day range(90)

Marco Sicily
20 posts
msg #120751
Ignore Marco Sicily
modified
6/15/2014 12:59:17 PM

Frank

Gus was looking for stocks that had litle or no pullback from the open, stocks that breakout and run. This filter measured how many days out of 100 that had a low for the day less than 1/10th of a percent lower than the opening price. Obviously, any stock that does this consistently is a great trade candidate.

Hope this helps.

Marco

klynn55
425 posts
msg #120752
Ignore klynn55
6/15/2014 2:19:10 PM

marco thanks for your work

Marco Sicily
20 posts
msg #120775
Ignore Marco Sicily
modified
6/16/2014 4:33:41 PM

You're welcome Klynn.

Thanks go to TRO on this one. He inspired me to try and use more statistical analysis in my trading.

Marco

StockFetcher Forums · General Discussion · Stocks that TREND and do not CONSOLIDATE at 0<< >>Post Follow-up

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