StockFetcher Forums · General Discussion · Bullish engulfing HELP!<< 1 2 >>Post Follow-up
lawdawguw
25 posts
msg #65130
Ignore lawdawguw
7/17/2008 8:06:06 PM

The filter "pattern is a bullish engulfing" produces way too many false positives. So I'm curious if some could give me a hand.

Basically, I want at least a 3% gap down on the second day formation with a close above the first days open of at least three percent.

this is the closest thing I've found but I'd like to addd the percentages in:
Fetcher[
set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top above body_top 1 day ago
and body_bottom below body_bottom 1 day ago
and close above open
and open 1 day ago above close 1 day ago
and close 1 days ago decreasing for the last 3 days

]



Any help is appreciated!


chetron
2,817 posts
msg #65131
Ignore chetron
7/17/2008 9:30:00 PM

MAYBE....

Fetcher[

/* TACHIKAWA */
/* BULLISH ENGULFING */

CLOSE 5% ABOVE OPEN 1 DAY AGO
OPEN 5% BELOW CLOSE 1 DAY AGO
OPEN 1 DAY AGO ABOVE CLOSE 1 DAY AGO

CHART-TIME 5 DAY

]



lawdawguw
25 posts
msg #65136
Ignore lawdawguw
7/17/2008 10:29:44 PM

Yea, that seems to not be working (correctly) either....

I altered the chart, added a volume filter, and price filter... zero results on several back tests...

I really need to get this worked out, thanks for trying!

chetron
2,817 posts
msg #65143
Ignore chetron
7/17/2008 10:59:48 PM

DO YOU HAVE A LIST OF RECENT TICKER SYMBOLS THAT HAVE EXPERIENCED THIS EVENT THAT YOU ARE LOOKING FOR?


TIA CHETRON



lawdawguw
25 posts
msg #65146
Ignore lawdawguw
7/17/2008 11:12:40 PM

Thanks for helping me with this:

TONE, JNS, BLL, OEH, AB, CDL, TRMK

I'm not sure how familiar you are with the formation, but basically, you need a prior downtrend in place with a black or red candle, then the final day opens with a gap down, about 5% (wicks are ignored) then reverses and closes %5 above the previous days open.

If I run the basic "pattern is bullish engulfing" scan, then I get way too many false positives. like the gap down is only a tic, etc.

WALLSTREETGENIUS
983 posts
msg #65147
Ignore WALLSTREETGENIUS
7/17/2008 11:16:06 PM

EVERYTHING BIGINS AND ENDS WITH DMA! SOMEDAY B-4
I LEAVE HERE, THIS FORUM WILL REALIZE IT...

Fetcher[DMA(28,-14) is more than 2% above price
Average volume(30) is above 100000
close is above 2
close is more than 2% above open
close is more than 2% above open 1-day ago
open is below open 1-day ago
open is below close 1-day ago
close is above close 1-day ago
offset 0
]





RIGGS

lawdawguw
25 posts
msg #65148
Ignore lawdawguw
modified
7/17/2008 11:23:01 PM

Thx

Still not perfect but better than the alternative...

WALLSTREETGENIUS
983 posts
msg #65149
Ignore WALLSTREETGENIUS
modified
7/17/2008 11:36:30 PM

Lawdawg -

I wasn't seeking "perfection" for you. This is a good start for YOU to play around with. The formula for "perfection" is there, you just need to find the missing ingredient.


RIGGS

WALLSTREETGENIUS
983 posts
msg #65150
Ignore WALLSTREETGENIUS
modified
7/17/2008 11:46:54 PM

Okay, don't give yourself a headache...here's the "missing ingredient." I offset it 1-day, so you can see the likes
of AB, TONE, OEH, TRMK, etc....

Fetcher[DMA(28,-14) is more than 2% above price
Average volume(30) is above 100000
close is above 2
close is more than 2% above open
close is more than 2% above open 1-day ago
open is below open 1-day ago
open is below close 1-day ago
close is above close 1-day ago
open 1-day ago is more than 1%
below close 2-days ago
offset 1
]




- WALLSTREETGENIUS -

WALLSTREETGENIUS
983 posts
msg #65151
Ignore WALLSTREETGENIUS
7/17/2008 11:51:11 PM

BTW, what was the reason for the "gap down" just befor the engulfing? Just curious....

StockFetcher Forums · General Discussion · Bullish engulfing HELP!<< 1 2 >>Post Follow-up

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