StockFetcher Forums · Filter Exchange · This is a good filter for day trading.<< 1 2 >>Post Follow-up
lacric333
3 posts
msg #144372
Ignore lacric333
8/10/2018 4:21:44 PM

Good filter for day trading. Only filter I use.

show stocks where open is more than 5% above close 1 day ago
and volume is more than 100% above average volume(30) 1 day ago
and draw MA(5)
and draw MA(8)
and draw MA(13)
price between 10 and 40
+DI crossing above -DI
ADX value 75-100


ron22
255 posts
msg #144373
Ignore ron22
8/10/2018 9:56:57 PM

Lacric, What is your trigger for entry and your trigger for exit?

What timeframe do you use to trade this filter? Thank you for posting this filter?

lacric333
3 posts
msg #144375
Ignore lacric333
8/10/2018 10:40:00 PM

I use this filter with a 5 minute chart , also look at a daily and look left just to identify where the resistance is. On the 5 the trigger comes when 5 sma crosses above 8 sma, I like a sharp angle and separation between the 2 averages. and a sharp up angle on the ADX. I have several screen shots of breaks out using this filter, will be glad to send those to you. The candlesticks will start to pull back at or below the 5 sma, and that triggers sale for me. I use this proprietary trading and works really well.

ron22
255 posts
msg #144376
Ignore ron22
8/11/2018 8:54:12 AM

I will paper trade this and see if it fits my style. Thank you very much.

jimvin
170 posts
msg #144377
Ignore jimvin
8/11/2018 11:27:55 AM

Fetcher[show stocks where open is more than 5% above close 1 day ago
and volume is more than 100% above average volume(30) 1 day ago
and draw MA(5)
and draw MA(8)
and draw MA(13)
price between 10 and 40
+DI crossing above -DI
ADX value 75-100
]



tenkrunner
1 posts
msg #144876
Ignore tenkrunner
modified
10/7/2018 12:59:35 AM

I use a similar setup and have OK results. One question though. How often do you see the ADX above 70? My criteria has been an ADX >40 and rising which indicates a trend is in place. Just scanning through a few charts, I see those with an ADX >70 have already had a large price move. I am a new day trader and have much to learn.


binque
6 posts
msg #145191
Ignore binque
modified
11/4/2018 5:07:36 PM

One of the weaknesses of day trading is finding stocks with enough movement in price. A good way to find stocks with good movement in price is to use the ATR. However, a weakness that I have found in the ATR is that fact ATR is not a true indicator of movement. (Yes, it is a true indicator of dollar movement, but not price movement). So I wrote a small filter to give a True ATR indicator. This indicator shows the Percent movement in price, so you can see and filter true movement amount be it a $5 stock or a $85 dollar stock. Just look at the Percent ATR movement and you will know the true movement in a stock over time.

Here I am looking at stocks with a price movement in the last 5 days averaging over 10% on stocks with a 10 to 20 dollar price per share.

Fetcher[
show stocks where price between 10 and 20
/* convert ATR to percent */
set{rat1,atr(5)/high}
set{ATR%,rat1*100}
add column atr(5)
add column ATR%
atr% > 10
]



Here I am looking at stocks with a price movement in the last 1 day averaging over 10% prices between 50 and 100 dollars per share.

Fetcher[
show stocks where price between 50 and 100
/* convert ATR to percent */
set{rat1,atr(1)/high}
set{ATR%,rat1*100}
add column atr(1)
add column ATR%
atr% > 10
]



I hope I got this right.

lostmarxbro
5 posts
msg #158515
Ignore lostmarxbro
2/4/2022 2:01:54 PM

JIM, your scanner is pretty darn good. Thank you

jimvin
170 posts
msg #158517
Ignore jimvin
2/4/2022 9:55:59 PM

All credit to lacric333; I simply made it clickable.

miketranz
954 posts
msg #158518
Ignore miketranz
2/5/2022 8:47:35 AM

I have a question.Is the trade triggered the day of the move or next day on open? Also,I would like to see a few examples using the 5 min. Thanks,Mike...

StockFetcher Forums · Filter Exchange · This is a good filter for day trading.<< 1 2 >>Post Follow-up

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