pkm22
6 posts
msg #40358
- Ignore pkm22 |
1/17/2006 8:31:54 AM
Does anyone know how to write a filter to find high tight flags?
I am assuming a 100% price increase within 2 months, consolidation in the area of the price high, and a flag of no longer than 3 weeks. Any help is appreciated.
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nikoschopen
2,824 posts
msg #40364
- Ignore nikoschopen |
1/17/2006 4:06:01 PM
This filter will screen for stocks that trade within a tight range as well as within the top 90% of its 3 month range (2 and 3/4 months to be exact, according to your premise). Hence it's not technically a "flag" pattern (I'll save that for another day).
A bit of difficulty encountered with this filter, largely because of nesting problem. To find stocks that advanced at least 200% over the period of 2 months was easy, yet to confine the search with the premise of "rangebound for the last 15 day within the 10% from the top" was challenging. (Again, see below for further note)
<<<The problem encountered due to nesting>>>
set{3mo, close 65 days ago}
set{3wk, high 50 day high 15 days ago}
set{adv, 3wk / 3mo}
set{%adv, adv * 100}
%adv above 199
set{diff, 3wk - 3mo}
set{pos90, diff * 0.9}
set{3wk90, pos90 + 3mo}
set{cl, count(close between 3wk90 and 3wk,15)} <-- SF would not accept this param
cl above 10
price above 1
add column 3mo
add column 3wk
add column %adv
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pkm22
6 posts
msg #40366
- Ignore pkm22 |
1/17/2006 4:51:51 PM
Thanks for the help. I also tried to write the filter. Here is what I came up with
set{x, high 2 month high / low 2 month low}
set{x1, high 2 month high}
set{y, high 2 month high * 0.8}
set{z, count(high reached a new 2 month high, 15)}
show stock where x is greater than 2
and close is greater than y
and price is greater than 2
and 10 day slope of close is less than 0
and 60 day slope of close is greater than 0
and z is equal to 0
chart-time is 6 months
draw Top Linear Regression Line(15,1)
draw Bottom Linear Regression Line(15,1)
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nikoschopen
2,824 posts
msg #40367
- Ignore nikoschopen |
1/17/2006 5:32:36 PM
pkm22,
• considering just these lines alone...
set{x, high 2 month high / low 2 month low}
show stock where x is greater than 2
will screen for stocks that made 200% advance within the last 2 months, starting from today rather than from 3 weeks ago.
• You left the following 3 lines somewhat dangling without putting them to use...
set{x1, high 2 month high}
set{y, high 2 month high * 0.8}
set{z, count(high reached a new 2 month high, 15)}
These are mere conditional statements, like "if". You need to provide the "then" part.
• Variables x, y, z needs to be given a life on their own before you can use them...
show stock where x is greater than 2
and close is greater than y
and price is greater than 2
and 10 day slope of close is less than 0
and 60 day slope of close is greater than 0
and z is equal to 0
For instance
set{x, close}
set{y, open}
set{z, MA(50)}
x is above y and y is above z
Best regards.
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nikoschopen
2,824 posts
msg #40368
- Ignore nikoschopen |
1/17/2006 5:36:17 PM
Oops...
I retract the x, y, z identity omission (slap, slap, me bad).
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yepher
359 posts
msg #40371
- Ignore yepher |
1/17/2006 6:17:49 PM
Hmmm....
Could you do something like this?
I know you asked for 100% above some time ago but it did not return any results so I changed it to 20%. Also this one has a 45 day period. You can play with period and window to get close to what you asked for.
-- Yepher
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yepher
359 posts
msg #40372
- Ignore yepher |
1/17/2006 6:18:54 PM
Here if a reference page if anyone is interested:
http://www.stockcharts.com/education/ChartAnalysis/flagPennant.html
-- Yepher
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nikoschopen
2,824 posts
msg #40376
- Ignore nikoschopen |
1/17/2006 7:17:37 PM
Yepher, you're right in that the filter I wrote returned a flimsy number of stocks, if any. Even for those that registered on the radar, when you take out the ones that have a huge gap you essentially have none. Even with the aid of date offset going back 50 days, not much turned up. So I suggest you change the parameters to be more accomodative.
On a side note, I'm not too sure about the "symmetric triangle" phrase offered by
SF. I have used it in the past, and was none too pleased.
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rtucker
318 posts
msg #40440
- Ignore rtucker |
1/19/2006 4:23:16 AM
This is an old filter from Mika that seems to catch an occassional high tight flag. The filter sucks but its all in how you trade em.
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pkm22
6 posts
msg #40458
- Ignore pkm22 |
1/19/2006 12:04:37 PM
nikoschopen,
Thanks for all the help. Just to clarify if the 2 month high / 2month low is equal to 2 , that is a 100% increase, not 200% as you stated. Other than that thanks for the input, I'll try to put it to good use. I'm still learning how to phrase things in SF with the correct syntax.
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