StockFetcher Forums · General Discussion · The most simple issue - white candle !<< 1 2 >>Post Follow-up
csupati
25 posts
msg #93774
Ignore csupati
6/13/2010 8:14:57 AM

Can anyone explain please, why such a sophysticated system does not understand the most simple issue "close above open". It can not screen out a white candle, at least, it makes mistake with it quite often.
Thanks.

Kevin_in_GA
4,548 posts
msg #93776
Ignore Kevin_in_GA
6/13/2010 9:36:07 AM

This is not easy to answer without you posting the specific filter language you used.

Of course SF understands what you are saying - let's just make sure that you are saying it the right way. Happy to help you if you will post what you have tried so that we can see the code.

Here are some examples of the correct language:

Fetcher[

close above open
close above close 1 day ago
close equals high
open equals low

]



Kevin

four
3,998 posts
msg #93779
Ignore four
6/13/2010 12:15:41 PM

Since you are talking about candles...

futurestalk.net/audio/wc/2001/WC20010908GibbyCore/WC20010908GibbyCore.pdf

four
3,998 posts
msg #93780
Ignore four
6/13/2010 12:27:53 PM

Fetcher[

Williams %R(2) < -75
ersi(2,3) < 25
close > open

close between 1 and 10
avgvol(30) > 100000

/* buy trigger*/

set{var1, day point range / 5}
set{buy, max(close,open) + var1}
draw buy on plot close
add column separator
add column buy{limit entry price}

]



This filter uses "close > open"

jrbikes
624 posts
msg #93783
Ignore jrbikes
modified
6/13/2010 12:38:08 PM

Fetcher[
close greater than open and the price is between 1 and 25 and the close is above the MA(20)
]



Use "greater than and less than"

Eman93
4,659 posts
msg #93803
Ignore Eman93
6/14/2010 12:05:57 AM

csupati
- Ignore csupati 6/13/2010 8:14:57 AM

Can anyone explain please, why such a sophysticated system does not understand the most simple issue "close above open". It can not screen out a white candle, at least, it makes mistake with it quite often.
Thanks.

You can have a close above the open but also be below yesterdays close (large gap down).. a red hollow candle on SF charts.

If you want a green candle and open above close you need a line of code for each condition.

csupati
25 posts
msg #93858
Ignore csupati
6/14/2010 11:06:08 PM

Thanks for all the reply. My problem and probably misunderstanding is the following. E.g. "close above open" I want to use to screen out stocks where buyers are prevail, but it may result in Volume bars of different color! It may screen out red OR black as well. I think I have to elaborate on this a little bit more. Thanks anyway.

heypa
283 posts
msg #93861
Ignore heypa
6/15/2010 12:25:12 AM

You must describe exactly the conditions and results you desire to get any realistic help.
When you have done that you will usually no longer need help.

csupati
25 posts
msg #93862
Ignore csupati
6/15/2010 2:15:02 AM

So, I want the same (red) volume bar color today and a day before. I use the following screen:
Fetcher[close > 10
volume > 10000000

set{candle,close / open}

candle 1 day ago < 1
candle < 1
]



Running it on 14 May, 2010 out of 8 results it makes 5 mistakes. This is my question.

brank20
41 posts
msg #93864
Ignore brank20
6/15/2010 5:31:01 AM

on may 14 there are 119 results, all of which are correct.
on june 14 there are 8 results, all of which are correct, based on your coding criteria.

Your coding criteria will result in both black and red bars. If you just want red bars you have to add the following

Fetcher[close > 10
volume > 10000000

set{candle,close / open}

candle 1 day ago < 1
candle < 1
close < close 1 day ago
close 1 day ago < close 2 days ago
]



StockFetcher Forums · General Discussion · The most simple issue - white candle !<< 1 2 >>Post Follow-up

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