StockFetcher Forums · General Discussion · the X- Factor<< >>Post Follow-up
mktmole
319 posts
msg #129912
Ignore mktmole
7/20/2016 12:32:11 PM

the X- Factor. by Keith Ftizgerald

Green = [100 - (Days Since 100 day High) / 100 ] X 100
Red = [100- (Days Since 100 day Low) / 100] X 100

plot red on plot green (plot goes from 0 to 100)
price above 5
average volume(60) above 200,000
show stocks where Green crossed above Red
apply to mid-cap and small-cap stocks

Any coding ideas are appreciated!
mm

pthomas215
451 posts
msg #129913
Ignore pthomas215
7/20/2016 2:11:15 PM

Four (on here) really would be the best person to take a crack at it. Thanks for posting this, as I always wondered how the x factor was defined. sorry I cant be of more help.

push5280
91 posts
msg #129947
Ignore push5280
modified
7/21/2016 11:43:29 AM

I think this is what you are looking for

Fetcher[




set{market_cap, shares outstanding * close}
/* STOCKFETCHER displays market cap in millions*/
/*mid cap stock definition from Investopedia "A mid-cap company is a company with a market capitalization between $2 billion and $10 billion"*/

set{GREEN, Aroon Up(100)}
set{RED, Aroon Down(100)}

price above 5
average volume(60) above 200,000
show stocks where GREEN crossed above RED within the last 1 day
market_cap > 19,999,999,999
Draw GREEN on plot RED

]

mktmole
319 posts
msg #129971
Ignore mktmole
7/22/2016 10:10:23 AM

tks for the replies.

according to the original x_factor video,the (aroon) scan is then applied to a symlist of stocks meeting the Joseph Piotroski score of 8 or greater having the crossover.

arimont
49 posts
msg #130049
Ignore arimont
7/26/2016 6:27:14 AM

Can anyone elaborate what the X-Factor actually is?

pthomas215
451 posts
msg #130060
Ignore pthomas215
7/26/2016 11:38:28 AM

It's a system created by I believe Keith Fitzgerald with the Money Morning group. It refers to technical analysis where an X is created (i.e. green crossing over the red), which is treated as an entry point. And then over time, usually a month or two, the reverse X is created (i.e. red over the green), which is your exit point. The group was giving stock picks based upon that theory, so technically this filter is worth their $2,000 selling price.I think the X factor has merit, although I am embarrassed to say I purchased their short side fortunes product, where they recommended short selling TESLA at 160 and it ran up to 240 or something. If I listened to them I would be broke. but again, the X factor seems to have merit in theory.

pthomas215
451 posts
msg #130076
Ignore pthomas215
7/26/2016 7:41:46 PM

I also wanted to mention that fundamental analysis is a pre-cursor to the x factor. that is the Joseph Petoski score that is refererenced above. i.e. you can't just look at technicals and expect the x factor to work, or so goes the theory

arimont
49 posts
msg #130082
Ignore arimont
7/27/2016 4:43:07 AM

Thanks for the explanation.

papagatorga
124 posts
msg #130174
Ignore papagatorga
7/30/2016 3:05:46 PM

Isn't X factor simply Aaron which is free on here. But then they add Piotroski score to their selection process.

pthomas215
451 posts
msg #130175
Ignore pthomas215
7/30/2016 7:31:17 PM

I was referring to the x pattern from Money morning. If this is something other, my apologies.

http://www.stockgumshoe.com/reviews/high-velocity-profits/will-keith-fitz-geralds-x-pattern-drive-this-stock-up/

StockFetcher Forums · General Discussion · the X- Factor<< >>Post Follow-up

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