15minoffame
131 posts
msg #92764
- Ignore 15minoffame |
5/15/2010 1:07:02 AM
Please take a look at the daily chart of MT. Notice that it always bounces up when it hits the 32-33 area. This goes back to last Aug. Is there a way to write a filter to find these types of stocks that hit multiple support/bottoms and have the filter draw a straight support line in the process over a lengthy period such as this?
TIA
15
|
Cacher
121 posts
msg #92772
- Ignore Cacher
modified |
5/15/2010 10:17:28 AM
.. play with the time periods....or the triggers.
MT currently doesn't fall within the "low < 1 percent above support(210,30,1)" ( I am sure it did in the past), but I believe this does screen/capture the trait you are looking for ...or at least it is a start.....you could add some counts to see that it hits the support X number of times ... or ???? .... Tweak away !
|
15minoffame
131 posts
msg #92778
- Ignore 15minoffame |
5/15/2010 2:26:59 PM
Cacher!
Mucho gracias senor! The 210, is that trading or calendar days? What does the 30 represent?
Thanks again!
15
|
Cacher
121 posts
msg #92786
- Ignore Cacher |
5/15/2010 4:42:31 PM
Here is the definition of the parameters:
( ...copied from Yepher's StockFetcher Guide )
The 3 parameters:
• Period - Amount of time to search for support or
resistance. (trading days ...not calender)
• Min Distance - Minimum number of days required
between two points making up support or resistance.
• Open Period - Number of days at the end of the
chart to allow for breaking of support or resistance
....hope that helps. Try changing the parameters to see how it effects the results.
|
15minoffame
131 posts
msg #92797
- Ignore 15minoffame |
5/16/2010 1:06:24 AM
Cache or anyone,
Sorry to bother you again. I tried to reverse it with resistance line, but I can't figure out why it's not working.
What is wrong with this code?
show stocks where close < 4 percent below resistance(240,30,1)
Thanks again!
15
|
Cacher
121 posts
msg #92835
- Ignore Cacher
modified |
5/16/2010 10:16:33 PM
This is what I grabbed from the [search]....and I modified it a little...
or ... after a little more experimenting ...
Feed a man for a day, or teach him to farm for a lifetime.
|