StockFetcher Forums · Filter Exchange · Best day/flip candidates<< >>Post Follow-up
quicktrades
21 posts
msg #60843
Ignore quicktrades
modified
3/28/2008 2:06:39 AM

I made this tonight to find the best candidates for a day trade / flipper watch list. I am after a list I can get comfortable with and be able to keep close tabs on each stock without the mental stress. Is this too selective? Anything I should change?

Fetcher[
/* Stocks that easily absorb 25K trades sorted by day range */

set{mass,average close(5) * average volume(5)}
add column mass
mass above 10000000
average day range(90) above 10%
add column average day range(90)
add column average volume(90)
add column rsi(2)
sort column 6 descending
]



Tried to make it clickable but ?????

chetron
2,817 posts
msg #60848
Ignore chetron
3/28/2008 6:45:17 AM

how about...


Fetcher[
/* Stocks that easily absorb 25K trades sorted by day range */

set{mass,average close(5) * average volume(5)}
add column mass
mass above 10000000
average day range(90) above 10
add column average day range(90)
add column average volume(90)
add column rsi(2)
sort column 6 descending
]



$ character is frowned upon....lol


luc1grunt
622 posts
msg #60849
Ignore luc1grunt
3/28/2008 7:05:30 AM

quicktrades:

There are good candidates on the naz that handle 25k that run avg vol above 4 mil as well (JNPR/NVLS/JASO). Play with the avg vol a bit and maybe look at ATR. I trade naz and this is what I used to get the initial list of targets. 10 million avg vol may eliminate some good, tradable intra-day stocks..

Grunt

quicktrades
21 posts
msg #60851
Ignore quicktrades
3/28/2008 9:28:21 AM

Thanks chetron, I couldn't understand why it wouldn't work, it seemed pretty simple to me.

luc1grunt, I will play with the volume and see what it looks like, thanks.


quicktrades
21 posts
msg #60998
Ignore quicktrades
4/2/2008 5:08:46 PM

Fetcher[set{mass,average close(5) * average volume(5)}
add column mass
mass above 10000000
average day range(90) above 10%
add column average day range(90)
add column average volume(90)
sort column 5 descending
]



Looking for a way to get this to only look at days where close was above open.
Any suggestions?

quicktrades
21 posts
msg #61000
Ignore quicktrades
4/2/2008 5:22:09 PM

luc1grunt

Mass is refering to the average amont of money that flows through the stock in a day. I am not concerned about volume but with the amount of money flowing throught the stock. This does return stocks trading as low as 1 mil. Now I need to get it to look at green days only. Then we will have a scan pulling the top day trading candidates. Any idea how to get it to look at green days?

nikoschopen
2,824 posts
msg #61001
Ignore nikoschopen
4/2/2008 5:30:12 PM

I ain't too sure about the "average close(5)" in ure filter. If you run the following line, you would see that SF merely treats it as today's close:

Fetcher[add column average close(5)]


If you truly want the average of the last 5 closes, you'll want to add up the last 5 closes and divide the figure by 5. Here's a quick fix:

Fetcher[
set{avg5cl, sum(close,5) / 5}
add column avg5cl{avgcl(5)}
]



quicktrades
21 posts
msg #61002
Ignore quicktrades
modified
4/2/2008 5:37:59 PM

Fetcher[set{avg5cl, sum(close,5) / 5}
set{mass,avg5cl * average volume(5)}
add column mass
mass above 10000000
average day range(90) above 10%
add column average day range(90)
add column average volume(90)
sort column 5 descending
]



OK, thats better, thanks. Now we need to look at green days only.

nikoschopen
2,824 posts
msg #61003
Ignore nikoschopen
modified
4/2/2008 6:13:32 PM

If you break down the StochRSI(14,3), you would essentially get the following:

code

StochRSI(14,3) =
(Today's RSI(14) - lowest RSI(14) over the last 3 days)
—————————————————————————————
(highest RSI(14) over the last 3 days - lowest RSI(14) over the last 3 days)



quicktrades
21 posts
msg #61011
Ignore quicktrades
4/2/2008 7:44:11 PM

Not quite what I am looking for. I need the average % day gain of green days only over a given period.

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