StockFetcher Forums · General Discussion · flat horizontal channel<< >>Post Follow-up
udisgv7
11 posts
msg #37785
Ignore udisgv7
9/3/2005 7:26:20 AM

HAY GUYS
can you guys help me creating a filter for stocks creating flat horizontal channel for last several months?
i mean a channel in which the price will move +/- 10-15% from imaginary avarage price. volume ,duration and close price are not important at this point as they can be varied.for the test lets say that duration 6 months, close is 5 and avarage volume(30) is above 5oooo.
some examples : STV during 3-6/2005, IPII during 9/2004-4/2005, ENG during 1-5/2005, MPWG during last year, etc.
THANKS GUYS.



TheRumpledOne
6,358 posts
msg #37799
Ignore TheRumpledOne
9/3/2005 3:30:09 PM

Fetcher[
SET{chwidth, high 60 day high - low 60 day low}
SET{chdiv, chwidth / low 60 day low}
SET{chpct, chdiv * 100}

add column chpct
add column chwidth

add column 60 day slope of the close

/* PRICE VOLUME CRITERIA */

VOLUME ABOVE 100000
close is between 1 and 10

/* selection CRITERIA */

60 day slope of the close is between -.03 and .03

sort column 5 ascending
/* end filter */
]



Vary this line:

60 day slope of the close is between -.03 and .03

to get flatter channels.


60 day slope of the close is 0 would give you a "perfectly" flat channel.


Column chwidth is the channel width.

Column chpct is the percent of the channel width compared to the low price.

MAY ALL YOUR FILLS BE COMPLETE.


TheRumpledOne
6,358 posts
msg #37800
Ignore TheRumpledOne
9/3/2005 3:31:13 PM

Fetcher[
SET{chwidth, high 60 day high - low 60 day low}
SET{chdiv, chwidth / low 60 day low}
SET{chpct, chdiv * 100}

add column chpct
add column chwidth

add column 60 day slope of the close

/* PRICE VOLUME CRITERIA */

VOLUME ABOVE 100000
close above .01

/* selection CRITERIA */

60 day slope of the close is 0

sort column 5 ascending
/* end filter */
]



I just wanted to see if there were any perfectly flat channels.


TheRumpledOne
6,358 posts
msg #37801
Ignore TheRumpledOne
9/3/2005 3:33:52 PM

DANG TYPO!!

Fetcher[
SET{chwidth, high 60 day high - low 60 day low}
SET{chdiv, chwidth / low 60 day low}
SET{chpct, chdiv * 100}

add column chpct
add column chwidth

add column 60 day slope of the close

/* PRICE VOLUME CRITERIA */

VOLUME ABOVE 100000
close above .01

/* selection CRITERIA */

60 day slope of the close EQUAL 0

sort column 5 ascending
/* end filter */
]



Much better.


shelupinin
120 posts
msg #37802
Ignore shelupinin
9/3/2005 3:36:33 PM

should be something like this:
Fetcher[set{pr,price}
set{1proc,pr/100}
set{15proc,1proc*15}
set{uplimit,pr+15proc}
set{downlimit,pr-15proc}
and draw uplimit
and draw downlimit
and price is between uplimit and downlimit over the last 100 days
and price above 1
and volume above 100000
]


but this filter not works correctly because in first line "price" is not price for today, but price for every particular day over last 100 days, I don't know how to set variable for TODAY price :(


TheRumpledOne
6,358 posts
msg #37803
Ignore TheRumpledOne
9/3/2005 4:09:29 PM

shelupinin

If you look at my filter, you will see you have to use high 60 day high, low 60 day low to get the ceiling and floor.

Then you compare each day's price to those.


StockFetcher Forums · General Discussion · flat horizontal channel<< >>Post Follow-up

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