StockFetcher Forums · Filter Exchange · Breakout on Volume<< 1 2 >>Post Follow-up
jaketheguy
52 posts
msg #38287
Ignore jaketheguy
10/1/2005 4:57:41 AM

The filter below finds stocks:
(1) setting 6 month highs on above average volume
(2) at least twice in the last five days.

Fetcher[set{AND4, count(high reached a new 6 month high, 1) 4 days ago * count(volume above average volume(30), 1) 4 days ago}
set{AND3, count(high reached a new 6 month high, 1) 3 days ago * count(volume above average volume(30), 1) 3 days ago}
set{AND2, count(high reached a new 6 month high, 1) 2 days ago * count(volume above average volume(30), 1) 2 days ago}
set{AND1, count(high reached a new 6 month high, 1) 1 days ago * count(volume above average volume(30), 1) 1 days ago}
set{AND0, count(high reached a new 6 month high, 1) * count(volume above average volume(30), 1)}

set{OR43, AND4 + AND3}
set{OR21, AND2 + AND1}
set{OR41, OR43 + OR21}
set{OR410, OR41 + AND0}

OR410 is above 1
]



Such a filter was recently requested on the 'General Discussion' forum.


jaketheguy
52 posts
msg #38288
Ignore jaketheguy
10/1/2005 5:05:47 AM


The filter below is similar to the previous, except it is looking for 12 month highs. A column was added that provides the number of times the criteria was met in the last five days.

Fetcher[set{AND4, count(high reached a new 1 year high, 1) 4 days ago * count(volume above average volume(30), 1) 4 days ago}
set{AND3, count(high reached a new 1 year high, 1) 3 days ago * count(volume above average volume(30), 1) 3 days ago}
set{AND2, count(high reached a new 1 year high, 1) 2 days ago * count(volume above average volume(30), 1) 2 days ago}
set{AND1, count(high reached a new 1 year high, 1) 1 days ago * count(volume above average volume(30), 1) 1 days ago}
set{AND0, count(high reached a new 1 year high, 1) * count(volume above average volume(30), 1)}

set{OR43, AND4 + AND3}
set{OR21, AND2 + AND1}
set{OR41, OR43 + OR21}
set{OR410, OR41 + AND0}

OR410 is above 1
add column OR410
sort column 5
]




jaketheguy
52 posts
msg #38289
Ignore jaketheguy
10/1/2005 5:07:33 AM

By the way, this thread would have been more appropriately titled "New highs on volume", since the above filters find both stocks that are already ascending, as well as stocks that are breaking out of a prolonged base.

Cheers!


jaketheguy
52 posts
msg #38292
Ignore jaketheguy
10/1/2005 9:44:17 AM

Okay, I added a modification to the latter filter in the hopes of finding stocks breaking out of a long base:

Fetcher[set{AND4, count(high reached a new 1 year high, 1) 4 days ago * count(volume above average volume(30), 1) 4 days ago}
set{AND3, count(high reached a new 1 year high, 1) 3 days ago * count(volume above average volume(30), 1) 3 days ago}
set{AND2, count(high reached a new 1 year high, 1) 2 days ago * count(volume above average volume(30), 1) 2 days ago}
set{AND1, count(high reached a new 1 year high, 1) 1 days ago * count(volume above average volume(30), 1) 1 days ago}
set{AND0, count(high reached a new 1 year high, 1) * count(volume above average volume(30), 1)}

set{OR43, AND4 + AND3}
set{OR21, AND2 + AND1}
set{OR41, OR43 + OR21}
set{OR410, OR41 + AND0}

OR410 is above 1
add column OR410
sort column 5

set{X, count(close below cema(close,30), 5)}
X is above 0
draw ema(30)
draw ema(60)
and chart-time is two year
]



Upon review of the five stocks returned, the TGC chart most resembles that classic 'Sam Weistein stock' entering Stage II (at least according to my recollection of the book).


jaketheguy
52 posts
msg #38293
Ignore jaketheguy
10/1/2005 9:50:41 AM

Wow! I'm starting to backcheck the above filter. Put in an offset of 21 days, and it returns ZENX, with >400% return. Maybe the above filter is great for breakouts of the pennies?!?

LOL!


alf44
2,025 posts
msg #38295
Ignore alf44
10/1/2005 3:19:08 PM

jake,

Damn fine work !

I worked on the scan that was requested on the other board myself. I could never really come up with anything I felt fit exactly the description that the poster requested. You seem to have pretty much nailed it ! I'll really give these filters a closer look a bit later. From what I've seen though...I'm pretty impressed.

BTW, I think you were referring to "Stan" Weinstein...but hey...for all I know maybe "Sam" is his brother. lol

I say again...fine work !

This "logic" stuff is a little tricky for me to get my pea brain around.

But, I'm learning...


Regards,

alf44




jaketheguy
52 posts
msg #38298
Ignore jaketheguy
10/1/2005 6:35:31 PM

Thanks alf.

And yes, it is Stan. LOL! I passed on my copy of his fine book a couple years ago. LOL!


yaotiande
32 posts
msg #38307
Ignore yaotiande
10/2/2005 5:08:10 PM

Good work, Jake. I did a little reformat here and list for your reference. Something came to light when I saved it to my filter list. Since I have a global filter to check price range and volume range, seems like the liquidity side is a little tight. Let me know if you see errors in it.
Fetcher[
set{newhigh,count(high reached new 1 year high,1)}
set{volhigh,count(volume is above average volume(30),1)}
set{myhigh,newhigh multiplied by volhigh}
set{mycorrect,count(close is below cema(close,30),5)}
show stocks where count(myhigh is above 0,5) is above 1
and mycorrect is above 0
]




jaketheguy
52 posts
msg #38321
Ignore jaketheguy
10/4/2005 1:18:35 AM

Nice yaotiande. However, you do realize the subtle difference between mine and yours is what requires mine to be more lengthy, yes?


yaotiande
32 posts
msg #38331
Ignore yaotiande
10/4/2005 6:24:15 PM

Sorry, Jake. I'm afraid I'm having trouble seeing that one. You mind enlight me on this. It's looking like a pretty nice filter.


StockFetcher Forums · Filter Exchange · Breakout on Volume<< 1 2 >>Post Follow-up

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