StockFetcher Forums · Filter Exchange · Finding the end of a counter trend move.<< >>Post Follow-up
DanPettit57
3 posts
msg #133423
Ignore DanPettit57
12/29/2016 12:40:29 PM

As the title says, I'm trying to identify trending stocks that just finished a counter trend move and are returning to the primary direction. These are my first filters, so they are very simple!

I like to do in the money options instead of owning the stocks so I set the price filter to between 10 and 65.

Uptrends are prices above EMA(50). Downtrends are prices below the EMA(50). Like I said - VERY simple.

Then I look for stochastics at the right end of the range and turning back.

I've been tweaking all these numbers. Any suggestions would be greatly appreciated!

Dan


********************* long candidates *********************

close is between 10 and 65
and close is above EMA(50)


Stochastic(8,3,3) %K below 40
and Stochastic(8,3,3) %K is 5% above Stochastic(8,3,3) %K 1 day ago
and average volume(30) is above 10000


********************** short candidates ***********************

close is between 10 and 65
and close is below EMA(50)


Stochastic(8,3,3) %K above 60
and Stochastic(8,3,3) %K is 5% below Stochastic(8,3,3) %K 1 day ago
and average volume(30) is above 10000

pthomas215
1,251 posts
msg #133426
Ignore pthomas215
12/29/2016 1:49:30 PM

dan, maybe add some of the logic from the filter below into yours. this one focuses on divergence somewhat.

Fetcher[ 10 day slope of fisher transform(2) > .1
10 day slope of close < -.1
draw fisher transform(2) < 0
draw rsi(6) line at 20
draw rsi(6) line at 80
/*rsi(2) < 40 within the last 5 days */
/*draw williams %R(60) crossed above -80*/
close between 5 and 20
volume > 100000
add column annual dividend yield
sort by column 6 descending
]



DanPettit57
3 posts
msg #133428
Ignore DanPettit57
12/29/2016 3:08:29 PM

Awesome - great idea. Thanks.

I was wondering about maybe divergence on Money Flow.



pthomas215
1,251 posts
msg #133429
Ignore pthomas215
12/29/2016 3:18:08 PM

Yep, this is a good filter for what you want. HLX is definitely changing direction (the first stocked that popped up).

DanPettit57
3 posts
msg #133431
Ignore DanPettit57
12/29/2016 4:37:46 PM

I tried one with CMF(14). The values seem to be a factor of 10 smaller than Fisher so I had to make the slope cutoff .01 instead of .1.

Didn't find HLX though!

************************************

optionable
close above 15
close is above EMA(50)

10 day slope of CMF(14) > .01
10 day slope of close < -.1


pthomas215
1,251 posts
msg #133433
Ignore pthomas215
12/29/2016 4:55:51 PM

That's a good change. well, HLX is most likely a sell recommendation overall, but seems to be changing direction in the short term.

StockFetcher Forums · Filter Exchange · Finding the end of a counter trend move.<< >>Post Follow-up

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