StockFetcher Forums · Filter Exchange · Simple 5 day low<< 1 2 >>Post Follow-up
snappyfrog
646 posts
msg #160597
Ignore snappyfrog
9/30/2023 8:05:09 PM

Here is a simple scan for those that like to keep things simple. This will find
bottom reversals along with pullbacks in uptrending stocks. This seems to
work well in consolidating markets as well, but not in downtrends. But, that
is ok as you don't want to be trading against the trend anyway.

This finds only stocks where a 5 day low was made and now we have a higher low.
Otherwise it would just be another 5 day low. With this scan, I am looking for an
open the next day at or above the close today. So, 5 day low, higher low the next day
and then open above close.

Pullbacks in uptrends are treated the same way with the same entry rules.
Very simple. Plus this can also be used on weekly charts for longer swing trades.

Fetcher[
market is not otcbb
market is not etf
price > 3
volume > 1000000
draw low 5 day low
set{var1, count (low above low 5 day low,1)}
draw var1 > .99
and var1 1 day ago < .99
]



sr7
92 posts
msg #160705
Ignore sr7
12/7/2023 10:17:31 PM



When it comes to pullbacks, it showed these:

AVGO
INTC
NFLX

PLTR


sr7
92 posts
msg #160749
Ignore sr7
1/8/2024 6:01:27 PM



Block (SQ)
UI Path Inc. (PATH)
Apple Inc. (AAPL)


UBER
F





Mactheriverrat
3,127 posts
msg #160775
Ignore Mactheriverrat
1/13/2024 4:21:02 PM

I like that code Snappy!!!

snappyfrog
646 posts
msg #160776
Ignore snappyfrog
1/14/2024 7:15:17 AM

@sr7,
UBER is the only one that met my conditions of open the next day above close of signal day.



Mactheriverrat
3,127 posts
msg #160780
Ignore Mactheriverrat
1/19/2024 11:13:01 AM

@ snappyfrog
I'm liking this filter!!!!!

Mactheriverrat
3,127 posts
msg #160781
Ignore Mactheriverrat
1/19/2024 11:13:01 AM

@ snappyfrog
I'm liking this filter!!!!!

snappyfrog
646 posts
msg #160783
Ignore snappyfrog
1/19/2024 7:05:29 PM

@Mac,

I'm glad you like it. I like simple.

Mactheriverrat
3,127 posts
msg #160784
Ignore Mactheriverrat
1/19/2024 8:56:52 PM

Most simple!!!

sr7
92 posts
msg #160848
Ignore sr7
2/7/2024 9:35:14 AM


Not many pullbacks show up, but maybe:


ALT

AEG

StockFetcher Forums · Filter Exchange · Simple 5 day low<< 1 2 >>Post Follow-up

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