StockFetcher Forums · Filter Exchange · Need a good momentum filter??<< >>Post Follow-up
2,824 posts
msg #37932
Ignore nikoschopen
9/13/2005 6:15:05 PM

This filter is used to spot a sharp price action of 5% or more either to the upside or downside within the past 5 days, accompanied by a rise in volume that's twice its 50-day average. While this filter is useful for those who are momentum oriented, it would also be beneficial for those who are technical-analysis savvy -- as well as those who are not.

set{rtn1,price / price 5 days ago}
set{rtn2,rtn1 - 1}
set{rtn,rtn2 * 100}
set{rtnxtr, 1 - count(rtn is between 5 and -5,1)}
rtnxtr equals 1

price 5 days ago is between 10 and 100
price is between 20 and 100
set{volratio, volume / avgvol(50)}
set{voldiff, volratio * 100}
voldiff is above 199

add column rtn
add column voldiff{vol %Chg}

Just for the record, this is a rehash of one of many filters by Cegis, albeit with a twist.

StockFetcher Forums · Filter Exchange · Need a good momentum filter??<< >>Post Follow-up

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