StockFetcher Forums · Filter Exchange · double bottom with ma(7)<< >>Post Follow-up
38 posts
msg #38579
Ignore arthur702
10/26/2005 4:27:36 PM

Hi, I wanted to write a filter that looks for a double bottom using a moving average of 7 days. Can anyoen please assist? I know rumpled one is very good at writing filters and if you can do this for me , it will be greatly appreciated. thanks.

6,362 posts
msg #38582
Ignore TheRumpledOne
10/26/2005 8:44:27 PM

stockfetcher 12/23/2004 12:38:05 PM



Parameters None

Description This pattern detector attempts to discover stocks that are nearing or have recently completed a double-bottom. Below is an example screen using this new pattern:
Fetcher[show stocks where pattern is double-bottom and price is above 3]

Please note the - (hyphen) in double-bottom, that is required to produce the correct results.

As background, to meet the requirements of this pattern, the following conditions must be met:

Stock is in a recent downtrend
Retracement of more than 10% of the low after the downtrend.
Return to within 3% of the lower resistance
Retest of the upper resistance
Increase of volume on the retest of upper resistance.
Below is a chart demonstrating these qualifications:


Please keep in mind this is a fairly specific implementation of the double-bottom and may yield very few results each day. Additionally, we will continue to analyze the results, so if you have any ideas or suggestions for this pattern, please don't hesitate to drop us a line!

Incomplete double-bottom - A variation of the double-bottom filter, is the incomplete double-bottom. This shows stocks that have a potential for a double-bottom pattern.

Fetcher[show stocks where pattern is incomplete double-bottom]

313 posts
msg #38583
Ignore riggs
10/27/2005 1:34:48 AM

Arthur -

Another great way to finf double bottoms is like this:

Fetcher[show stocks where low reached a 4 month low and average volume(90)is above 100000 and draw ma(7)and add column industry and draw bollinger bands(20,2.0)]

I always find "divergence" in these double bottoms. I think you'll be pleased. Just another way to find em. Good luck!


318 posts
msg #38587
Ignore rtucker
10/27/2005 5:24:50 AM

Didnt know there was an "incomplete double bottom" statement. I like a retest of previous lows. Thanks.

38 posts
msg #38588
Ignore arthur702
10/27/2005 11:30:14 AM

thanks everyone!!!!!!!!! lots of help!

StockFetcher Forums · Filter Exchange · double bottom with ma(7)<< >>Post Follow-up

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