StockFetcher Forums · General Discussion · how to make setup for pullback stock?<< >>Post Follow-up
katil9654
33 posts
msg #123314
Ignore katil9654
3/23/2015 6:24:15 PM

I am having real trouble finding the stock which are in pullback and ready to trade.
I tried this as below and nothing comes up so can someone modify this for me please?

Close is above 40
and The stock’s average daily volume over the past 21 days (one trading month) at least 250,000 shares per day.
and The stock’s 10-day Average Directional Index (ADX) above 30.
and today the stock’s lowest price at least 2% below the previous day’s close.
and Today’s close is in the bottom 25% of the day’s range.
and The ConnorsRSI value of the stock below 5.

Thanks.

novacane32000
273 posts
msg #123316
Ignore novacane32000
3/23/2015 6:46:26 PM

Here is a pullback filter I have on my list

Fetcher[20 day slope of the close is above 0
and rsquared(close,45) is above 0.50
and stderr(close,45) is below 0.25
and add column stderr(close,45)
and close is above 5.00
and average volume(30) is above 250000
and stock closed below ema (8)
]



katil9654
33 posts
msg #123324
Ignore katil9654
3/24/2015 4:14:09 PM

I am getting only 1 with this search which is "price above 40". It does not make sense because i found with my manual search at least 5 of them which are above 40. ie Adbe, Ptct, DD

Kevin_in_GA
4,543 posts
msg #123332
Ignore Kevin_in_GA
3/25/2015 3:12:35 PM

Try this:

Close is above 40

close above 40

and The stock’s average daily volume over the past 21 days (one trading month) at least 250,000 shares per day.

average volume(21) above 250000

and The stock’s 10-day Average Directional Index (ADX) above 30.

ADX(10) above 30

and today the stock’s lowest price at least 2% below the previous day’s close.

low more than 2% below close 1 day ago

and Today’s close is in the bottom 25% of the day’s range.

Close is below Day Position(0.25,1)

and The ConnorsRSI value of the stock below 5.

Connors RSI(3,2,100) below 5

Final Comment - download and read the users manual. All of this (and a lot more) is in there. Also read other people's filters and posts to learn how to code in SF. Take existing filters and play with them to see what changes affect the outcomes. Make an effort to learn the code here and others will be more than willing to help you in along that journey. It is not hard to do.


miketranz
716 posts
msg #123342
Ignore miketranz
3/25/2015 8:55:14 PM

FIND STOCKS WHERE CLOSE IS AT 90 DAY HIGH AND CLOSE IS BETWEEN .25 AND 5 and average volume (30) is above 250,000 The ultimate pullback filter.The key here is to go back (date off set) 1-10 days.That's where you'll find monster pullbacks.

four
3,998 posts
msg #123343
Ignore four
modified
3/25/2015 9:58:31 PM

Fetcher[

draw low 1 day low
draw low 55 day low
average volume (30) is above 1,250,000 and low between 10 and 50 and optionable
add column annual dividend yield
draw low 1 day low minus low 22 day low line at 0
draw low 1 day low minus low 55 day low line at 0
draw low 1 day low minus low 22 day low equals 0
draw low 1 day low minus low 55 day above 0

close > open

]



novacane32000
273 posts
msg #123352
Ignore novacane32000
3/26/2015 2:10:22 PM

Mike- Love your filter with a 5 day offset!!

Dave Landry is the king of pullbacks if you want to know more about that style of trading.

miketranz
716 posts
msg #123361
Ignore miketranz
3/26/2015 5:24:09 PM

Nova,I found this one by accident,figuring that what goes up in rapid fashion must also go down in rapid fashion.I've read a few of Dave's books years back.His style is momentum based,buy the pullback,enter on the resumption of trend...

novacane32000
273 posts
msg #123364
Ignore novacane32000
3/26/2015 8:07:39 PM

So Mike, you are using this filter in anticipation the upward trend will resume? correct. Or are you using to short?

miketranz
716 posts
msg #123365
Ignore miketranz
3/27/2015 9:13:07 AM

Nova,that's a good one,just short it.I don't trade off pullbacks anymore.It worked back in the day,but in this market most of your classic pullback's turn into trading ranges.Tough to find any kind of "follow through" action these days.Miketranz....

StockFetcher Forums · General Discussion · how to make setup for pullback stock?<< >>Post Follow-up

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