jrbikes
624 posts
msg #52841
- Ignore jrbikes |
7/6/2007 10:55:11 PM
is there a scan that can give stocks that are trading in a channel that is at about a 45 degree angle, with the top and bottom trend lines in place? this would give a series of higher highs and higher lows, so you could trade at the trend lines. kinda like the old school trading before computers were mass available but just with the technology of today, know what I mean?
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nikoschopen
2,824 posts
msg #52842
- Ignore nikoschopen |
7/6/2007 11:29:46 PM
Give this one a try. I think you'll like it.
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jrbikes
624 posts
msg #52843
- Ignore jrbikes |
7/7/2007 12:10:27 AM
thanks niko, thats pretty neat, one more question, can you tweak that for stocks that are establishing this pattern coming off of a 52 week low, that have at least 2 higher highs and 2 higher lows, usually in the 60 day range off the 52 week low.
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nikoschopen
2,824 posts
msg #52854
- Ignore nikoschopen |
7/7/2007 3:17:00 PM
In short, no. As you may have seen, the linear regression channel line doesn't exactly follow the trendline. I could probably write a filter to include "higher highs" and "higher lows" but I wouldn't know that they will align with any sort of clearly identifiable trendline. Then there are so many other variables to consider, such as how high must the second high be from the first high ($1 or 1-cent). StockFetcher has no way of knowing what we want to see on the chart and it'll spit out all types of stocks that are not even remotely close to what we had in mind, although they all technically match the description.
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jrbikes
624 posts
msg #52871
- Ignore jrbikes |
7/8/2007 10:16:25 AM
interesting, Im not that good at these filters, I know what I want, but to write it is a different matter all together, thanks for the input, maybe I can come up with something!
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rtucker
318 posts
msg #52889
- Ignore rtucker |
7/8/2007 10:04:04 PM
Maybe you can build a filter from these general statements. Sometimes the top and bottom lines resemble a trendline. Sometimes the count is "price swings" down to the line, or, the price can approach the botom line only once but hang around there for a few days, which, drives the count up.
Yup, we all know the pattern youre looking for, but I dont know if it can be done. I dont mind looking at a thousand charts to find one I use so this type of general method is ok with me.
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jrbikes
624 posts
msg #52919
- Ignore jrbikes |
7/9/2007 8:07:15 PM
rtucker, that is exactly what I am looking for, now I believe I may have the answer to the beginning of the trend, it is new to me but maybe not new to anyone else, so forgive my fervor! it looks like you could make a nice % gain playing the trend lines! WOW, this is neat, thanks again!
got something else if your interested, I put it on a new post,entitled (one step below the Holy Grail)
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