StockFetcher Forums · Filter Exchange · This strategy makes me a lot, but need help writing it<< >>Post Follow-up
11 posts
msg #38216
Ignore whirl
9/27/2005 1:37:45 AM

When I find these patterns manually I usually do really well, it's really simple strategy yet does quite well. I am looking for stocks that had a really big tank in 1 or 2 days of say 30% or more, over 30 days AGO. Then let it consolidate for a while in a pretty flat channel. Then when it shows signs of breaking the upside of the channel I jump in and ride the bounce. Of course it will work in big stocks, but on small stocks very easy to find stocks go from $4 to $2, and ride it back to $3 for a nice 50% bounce in a couple of days.

This is what I have so far, but I can't seem to get the syntax right for what I want.

Show stocks below 3
and volume is above 200000
and close dropped more than 30% in one day more than 30 days ago (this is where I have problems)
and RSI(5) reached a new 30 day high
and OBV is above 0

and the stock is trading in a tight channel 10% of its price (a $2 stock would only hover .20 while in the channel during the consolidation)

Can anyone help me w/ the proper syntax, and/or tweak it. I do quite well, if I can only automate the finding process. thank you

43 posts
msg #38219
Ignore MikeB60046
9/27/2005 5:46:37 AM


try plugging this into your filter where you are having problems

count(close is 30% below close 1 day ago,30) is above 0

11 posts
msg #38221
Ignore whirl
9/27/2005 12:15:27 PM

Thank you for your response. Does that code look for stocks that dropped a lot 30 days ago? or at LEAST 30 days ago? I dont want to be limited to exactly 30 days, maybe even something that happened 30 days to 1 year ago.

43 posts
msg #38223
Ignore MikeB60046
9/27/2005 12:34:17 PM

It looks for stocks falling at any time within the last 30 days. Change the days for any period you wish

11 posts
msg #38224
Ignore whirl
9/27/2005 12:57:37 PM

Thanks Mike. Is there a way I can specify a range instead then? For example, greater than 5 days, and less than 30. That way I can allow the stock to consolidate instead of just looking at yesterday's stocks which I wouldn't want in the scan.

32 posts
msg #38253
Ignore yaotiande
9/28/2005 5:57:55 PM

This should get you going. You might want to tweak it a little. I'm having a hard time yielding any matches. The only one is NWS from the drop very long ago. You mind shareing one of those already made you a bundle :) Let me know how it plays out.

set{mychannel,close 25 day high minus close 25 day low}
set{mydratio,close divided by close 1 day ago}
show stocks where count(mydratio is below 0.7,100) is above 0
and count(mydratio is below 0.7, 100) is below 2
and count(mydratio is below 0.7,30) is below 1
and rsi(5) reached new 30 day high
and obv is above 0
and mychannel is more than 90% below ma(25)

StockFetcher Forums · Filter Exchange · This strategy makes me a lot, but need help writing it<< >>Post Follow-up

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