StockFetcher Forums · Filter Exchange · BEGINNERS FILTER<< 1 2 >>Post Follow-up
corsino
259 posts
msg #37227
- Ignore corsino		 8/1/2005 2:52:16 PM

This filter is meant for beginners that are looking for a simple filter, which is relatively safe and reliable.I think that one reason beginners lose money is that they get whipsawed too often by trying to play small fluctuations in a stock price. So this filter is merely one employing my two favorite indicators, Stochastics and Williams %R, with higher periods (15). The two criteria are the %R crossing above -80 and stochastics crossing above 20. Nothing new, but the higher periods should keep you out of small fluctuations and into beginnings of bigger rallies.I think that with a little practice looking at charts of the scanned stocks, you'll get the hang of it. You may adjust the values to taste.

I should point out that it is most important to cut your losses quickly though. The other day,I was surfing various stock picking websites, and found one that claimed to increase their money by several hundreds percent a year. Normally, you'd assume that their accuracy would be 70 % or 80%. Not so. Actually, it was slightly less than 50 %. They just sold any stock that had about a 5% loss.
I think that this filter,and reasonable "money management" will do better than 50%.

Fetcher[stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -80 within the last 1 days
and Average Volume (90) is above 100000
and close is between 1 and 5 ]
corsino
259 posts
msg #37231
- Ignore corsino		 8/1/2005 6:25:46 PM

Although %R (15)and Stochastics(15) are my primary indicators, I could have included rsi(2), but not as a primary indicator. More like an indicator to help decide in cases of doubt,since it's a shorter term indicator.

I could have added : and rsi(2)crossed above 20 within the last 1 day.

I should also point out that the filter is not necssarily a 1 or 2-day hold filter. So, as long as you don't get stopped out, be willing to hold for at least a week.
TheRumpledOne
6,407 posts
msg #37235
- Ignore TheRumpledOne		 8/1/2005 11:11:08 PM

This adds the STOCK DASHBOARD DISPLAY TO CORSINO'S FILTER:

Fetcher[
/* STOCK DASHBOARD DISPLAY for newbies and old pros */

set{E36b,days(ema(3) is above ema(6),100)}
set{E36a,days(ema(3) is below ema(6),100)}
set{E3xE6, E36a - E36b}

set{E50200b,days(ma(50) is above ma(200),100)}
set{E50200a,days(ma(50) is below ma(200),100)}
set{M50xM200, E50200a - E50200b}

set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CxC, CCa - CCb}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}


set{E50b,days(close is above ma(50),100)}
set{E50a,days(close is below ma(50),100)}
set{CxM50, E50a - E50b}

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{aa, a1 + a2}
Set{TREND, aa + a3}

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}


set{PARBuy, count(close crossed above Parabolic SAR, 5) }
set{DMIBuy, count( di(14) Difference crossed above 0 , 5) }
set{DMIBuyX, count( di(14) Difference above 0 , 1) }

set{PARSell, count(close crossed below Parabolic SAR, 5) }
set{DMISell, count( di(14) Difference crossed below 0, 5) }
set{DMISellX, count( di(14) Difference below 0, 1) }

set{PARSBuy1, PARBuy * DMIBuy}
set{PARSBuy, PARSBuy1 * DMIBuyX}

set{PARSSell1, PARSell * DMISell}
set{PARSSell, PARSSell1 * DMISellX}

set{PARSTrade, PARSBuy + PARSSell}

set{HiOp, high - open}

set{WRb,days(Williams %R(10) is above Williams %R(10) 1 day ago,100)}
set{WRa,days(Williams %R(10) is below Williams %R(10) 1 day ago,100)}
set{WRxWR, WRa - WRb}

and add column VolCnt
and add column Vdbl
and add column volpct

and add column HiOp
and add column Trend

and add column CxC {CxC_}
and add column CxE5 {CxE5}

and add column E3xE6 {E3xE6}
and add column E13xE26 {E13xE26}


and add column CxM50
and add column CxM200
and add column M50xM200

add column rsi(2)
add column weekly rsi(2)

add column PARSBuy
add column PARSSell

add column WRxWR

and draw RSI(2)
and draw ema(5)

and draw Williams %R(10)

and draw Parabolic SAR
and draw +di(14)

and draw -di(14)
and draw adx(14)
and draw di(14) difference

/* your filter code goes below this line */

stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -80 within the last 1 days
and Average Volume (90) is above 100000
and close is between 1 and 5

sort column 5 descending
/* YOUR SELECTION CRITERIA GOES ABOVE THIS LINE */

]




This adds the MP RSIWLR ANALYZER DISPLAY TO CORSINO'S FILTER:

Fetcher[
/* MP RSIWLR ANALYZER DISPLAY */

set{adrng, accumulation distribution 100 day high - accumulation distribution 100 day low}
set{adpct, adrng * .01}
set{adcon, accumulation distribution - accumulation distribution 100 day low}
set{adval, adcon / adpct }

set{morng, momentum(12) 100 day high - momentum(12) 100 day low}
set{mopct, morng * .01}
set{mocon, momentum(12) - momentum(12) 100 day low}
set{moval, mocon / mopct }

set{wrval, Williams %R(10) + 100}


set{rsix, count(rsi(2)crossed above 20, 1)}
set{wrx, count(Williams %R(10) crossed above -70 , 1)}
set{momox, count(momentum(12) above momentum(12) 1 day ago, 1)}
set{accdx, count(accumulation distribution above accumulation distribution 1 day ago, 1)}

set{xBB1, count(HIGH crossed above the upper bollinger band (20),1) - count(LOW crossed below the lower bollinger band (20),1)}

set{xBB2, count(close above the upper bollinger band (20),1) - count(close below the lower bollinger band (20),1)}

set{xBB, xBB1 + xBB2}

set{xLR1, count(HIGH crossed above the top linear regression line(60),1) - count(LOW crossed below the bottom linear regression line(60),1)}

set{xLR2, count(close above the top linear regression line(60),1) - count(close below the bottom linear regression line(60),1)}

set{xLR, xLR1 + xLR2}


set{wBB1, count(HIGH crossed above the weekly upper bollinger band (20),1) - count(LOW crossed below the weekly lower bollinger band (20),1)}

set{wBB2, count(close above the weekly upper bollinger band (20),1) - count(close below the weekly lower bollinger band (20),1)}

set{wBB, wBB1 + wBB2}

set{wLR1, count(HIGH crossed above the weekly top linear regression line(60),1) - count(LOW crossed below the weekly bottom linear regression line(60),1)}

set{wLR2, count(close above the weekly top linear regression line(60),1) - count(close below the weekly bottom linear regression line(60),1)}

set{wLR, wLR1 + wLR2}

set{MoMob,days(Momentum(12) is above Momentum(12) 1 day ago,100)}
set{MoMoa,days(Momentum(12) is below Momentum(12) 1 day ago,100)}
set{M12xM12, MoMoa - MoMob}

set{ACDIb,days(accumulation distribution is above accumulation distribution 1 day ago,100)}
set{ACDIa,days(accumulation distribution is below accumulation distribution 1 day ago,100)}
set{ADxAD, ACDIa - ACDIb}

set{WPRb,days(Williams %R(10) is above Williams %R(10) 1 day ago,100)}
set{WPRa,days(Williams %R(10) is below Williams %R(10) 1 day ago,100)}
set{W10xW10, WPRa - WPRb}

set{rsib,days(rsi(2) is above rsi(2) 1 day ago,100)}
set{rsia,days(rsi(2) is below rsi(2) 1 day ago,100)}
set{R2xR2, rsia - rsib}

set{xc2, rsix + wrx}
set{xc1, xc2 + accdx}
set{RSIWLR, xc1 + momox}


Set{n1, momox * 1}
Set{n2, rsix * 10}
Set{n3, accdx * 100}
Set{n4, wrx * 1000}

Set{na, n1 + n2}
Set{nb, n3 + n4}
Set{WARM, na + nb}

set{rsi60D, count(rsi(2) equal rsi(2) 60 day low, 1)}
set{wr60D, count(Williams %R(10) equal Williams %R(10) 60 day low , 1)}
set{momo60D, count(momentum(12) equal momentum(12) 60 day low, 1)}
set{accd60D, count(accumulation distribution equal accumulation distribution 60 day low, 1)}

add column warm

add column adval
add column moval
add column wrval

add column w10xw10
add column ADxAD

add column r2xr2
add column M12xM12

add column wr60D
add column accd60D
add column rsi60D
add column momo60D

and add column xBB {BBx_}
and add column xLR {LRx_}
and add column wBB {wBBx}
and add column wLR {wLRx}


add column accumulation distribution
add column RSI(2)
add column Williams %R(10)
add column momentum(12)
and add column industry


draw adval
draw moval
draw wrval

draw accumulation distribution
draw rsi(2)
draw Williams %R(10)
draw momentum(12)

/* YOUR SELECTION CRITERIA GOES BELOW THIS LINE */

stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -80 within the last 1 days
and Average Volume (90) is above 100000
and close is between 1 and 5

sort column 5 descending

SORT COLUMN 5 DESCENDING

/* YOUR SELECTION CRITERIA GOES ABOVE THIS LINE */
]



Contrary to what some believe, these displays are NOT bells and whistles.

They are displays which give you the indicator readings to base your trading decisions on AND these columns give you the flexibility to sort your data many ways to check for patterns. And if you have any type of AUTOMATED SYSTEM, they allow the computer to process the information for your trading strategies.

It is much faster AND more accurate than reading a chart to determine trends, how many days volume or price has been increasing/decreasing, what crossovers occurred and how many days since the crossover, etc...

Of course, you can just run a filter WITHOUT the displays and hope for the best...

IT'S ALL UP TO YOU!

MAY ALL YOUR FILLS BE COMPLETE.



corsino
259 posts
msg #37240
- Ignore corsino		 8/2/2005 12:57:35 AM

This restores my filter to the original version :

Fetcher[show stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -80 within the last 1 days
and Average Volume (90) is above 100000
and close is between 1 and 5 ]
corsino
259 posts
msg #37255
- Ignore corsino		 8/2/2005 1:20:09 PM

I made a some minor changes, and imbedded some guidelines to aid in the use of the filter.

Fetcher[ /*BUY SIGNAL IS WHEN STOCH FAST %K CROSSES ABOVE %D
AND FAST %K CROSSED ABOVE 20
AND %R CROSSED ABOVE -75*/

stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -75 within the last 1 days
and Average Volume (90) is above 100000
and close is between .5 and 5
and set{BASE,20}
and draw BASE on plot %R(15)

and set{BASE2,-75}
and draw BASE2 on plot %K (15)

/*THIRD CRITERIA, IN CASE OF DOUBT, IS RSI(2) CROSSING ABOVE 20 */

and draw rsi(2) ]
corsino
259 posts
msg #37273
- Ignore corsino		 8/3/2005 2:54:27 AM

BASIC NOTES AND TIPS:

1.When the general market, or stock sector, is in a general decline, do not buy and hold. Expect to hold only a few days. The same applies if the stock itself is in a general decline.

2.It appears that the most useful indicator in this system is Stochastic(15), with Williams %R(15) used as a confirming indicator. It also appears that RSI (2)is not very useful in this system. I'll have to experiment with higher periods of RSI.

3.Practice using the offset feature in SF looking at 6-month charts. In particular,concentrate on charts where the stochastics have deep, smooth, oscillating waves from top to bottom (at least to the 25, or below, level). At the bottoms, look for smooth "cups" or "bowls" with %K crossing up above %D.

4.Use Williams %R(15) for confirmation. Preferably, its shape should be smooth as it turns up.If it's composed of several small sawteeth, avoid buying until a sawtooth exceeds the previous two.

THE INTENT AND PURPOSE OF THIS TOPIC IS TO PROVIDE THE RELATIVELY INEXPERIENCED
TRADER IN THE STOCK MARKET A VERY BASIC, SIMPLE, EASY TO UNDERSTAND,BACK-TESTABLE,DEBUGGABLE,AND RELIABLE FILTER. IT IS MY FIRM CONVICTION THAT EXTENSIVE ADDITIONS OR MODIFICATIONS WILL ONLY CORRUPT, REDUCE OR EVEN DESTROY THESE QUALITIES.


TheRumpledOne
6,407 posts
msg #37277
- Ignore TheRumpledOne		 8/3/2005 8:48:27 AM

"THE INTENT AND PURPOSE OF THIS TOPIC IS TO PROVIDE THE RELATIVELY INEXPERIENCED
TRADER IN THE STOCK MARKET A VERY BASIC, SIMPLE, EASY TO UNDERSTAND,BACK-TESTABLE,DEBUGGABLE,AND RELIABLE FILTER. IT IS MY FIRM CONVICTION THAT EXTENSIVE ADDITIONS OR MODIFICATIONS WILL ONLY CORRUPT, REDUCE OR EVEN DESTROY THESE QUALITIES. "

A mind is like a parachute... works best when open.




corsino
259 posts
msg #37283
- Ignore corsino		 8/3/2005 2:15:57 PM

In my previous post,I stated that RSI(2) may not be the best for this particular filter. It does appear that probably RSI (3) is better suited, to reduce minor fluctuations.


corsino
259 posts
msg #37295
- Ignore corsino		 8/3/2005 5:52:37 PM

So the latest version of the filter is :

Fetcher[/*BUY SIGNAL IS WHEN STOCH FAST %K CROSSES ABOVE %D
AND FAST %K CROSSED ABOVE 20
AND %R CROSSED ABOVE -75*/

stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -75 within the last 1 days
and Average Volume (90) is above 100000
and close is between .5 and 5
and set{BASE,20}
and draw BASE on plot %R(15)

and set{BASE2,-75}
and draw BASE2 on plot %K (15)

/*THIRD CRITERIA, IN CASE OF DOUBT, IS RSI(3) CROSSING ABOVE 20 */

and draw rsi(3) ]
corsino
259 posts
msg #37296
- Ignore corsino		 8/3/2005 6:14:10 PM

For some unknown reason which, if it continues, I shall bring to the attention of the administrator, the "Clickable" portion of my previous filter posts have disappeared. This is an "unclickable" version, to see what happens.

/*BUY SIGNAL IS WHEN STOCH FAST %K CROSSES ABOVE %D
AND FAST %K CROSSED ABOVE 20
AND %R CROSSED ABOVE -75*/

stocks where slow stochastic(15,3)fast %K crossed above slow stochastic(15,3)slow %D within the last 1 days
and slow stochastic(15,3)fast %K crossed above 20 within the last 1 days
and williams %R(15)crossed above -75 within the last 1 days
and Average Volume (90) is above 100000
and close is between .5 and 5
and set{BASE,20}
and draw BASE on plot %R(15)

and set{BASE2,-75}
and draw BASE2 on plot %K (15)

/*THIRD CRITERIA, IN CASE OF DOUBT, IS RSI(3) CROSSING ABOVE 20 */

and draw rsi(3)



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