StockFetcher Forums · General Discussion · flat base ?<< >>Post Follow-up
p0op0op
15 posts
msg #39243
Ignore p0op0op
12/1/2005 11:26:47 AM

Any idea how to set up a filter to scan for a flat base?


rbrtwllm
2 posts
msg #42487
Ignore rbrtwllm
3/25/2006 5:59:12 PM

Use the ADX (Average Directional Movement) . Below 10 indicates little directional movement (either up or down). You'll see some flat bases here.


TheRumpledOne
6,358 posts
msg #42492
Ignore TheRumpledOne
modified
3/25/2006 7:10:41 PM

First attempt:

Fetcher[
set{flatbase, count(low equal low 5 day low, 5) }

flatbase above 1
low 5 days ago equal low 5 day low

add column flatbase

close above 1
volume above 50000

sort column 5 descending

]



Second attempt:

Fetcher[
set{BarBottom, min(open, close) }
set{flatbase, count(BarBottom equal BarBottom 5 day low, 5) }

flatbase above 1
BarBottom 5 days ago equal BarBottom 5 day low

add column flatbase

close above 1
volume above 500000

sort column 5 descending
]



Should put you in the ballpark.




StockFetcher Forums · General Discussion · flat base ?<< >>Post Follow-up

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