Stock Moving into Gap - StockFetcher.com Stock Screener

StockFetcher Forums · General Discussion · Stock Moving into Gap

<< >>Post Follow-up

whmc
6 posts
msg #103267
- Ignore whmc

11/8/2011 6:04:50 PM

I am trying to figure out how to do a filter (or find one) that will find a stock that has moved into a previous down gap. For example, a stock gaps down after earnings (or for any other reason) and continues down or sideways after that. Eventually it starts back up. I would like to find out when the stock has moved back into the gap. Suggestions? (I think I posted this in the wrong place to start).

TheRumpledOne
6,529 posts
msg #103271
- Ignore TheRumpledOne
modified

11/9/2011 7:57:18 AM

This is a start.

This will display stocks that gapped down TODAY and closed inside or above the gap.

But if the gap happened 1 or more days ago, this filter won't display that. Have to work on that.

Fetcher[

set{ GAPDOWN, count( close 1 day ago above open, 1) }

set{ INGAP, count( close above open, 1) }

set{ X, GAPDOWN * INGAP}

set{ GAPDAYS, days(GAPDOWN equal 1, 100 ) }

set{ Y, count( X above 0, 5) }

set{ CLOP1, count( close above open 1 DAY AGO, 1) }
set{ CLOP2, count( close above open 2 DAYS AGO, 1) }
set{ CLOP3, count( close above open 3 DAYS AGO, 1) }
set{ CLOP4, count( close above open 4 DAYS AGO, 1) }

add column separator
add column GAPDOWN
add column GAPDOWN 1 day ago {GD-1}
add column GAPDOWN 2 days ago {GD-2}
add column GAPDOWN 3 days ago {GD-3}
add column GAPDOWN 4 days ago {GD-4}
add column separator

add column GAPDAYS
add column INGAP {CLOP}
add column CLOP1 {CLOP-1}
add column CLOP2 {CLOP-2}
add column CLOP3 {CLOP-3}
add column CLOP4 {CLOP-4}
add column separator

Y ABOVE 0

sort column 12 descending

]

This second version will get you closer to what you want.

When GAPDOWN = 1, the stock gapped down. Column GD-1 is 1 when stock gapped down 1 day ago.

GAPDAYS is the number of days since the most recent gap down.

CLOP is 1 when the close is above the open. CLOP-1 is when TODAY'S CLOSE is above the open 1 DAY AGO.

So if it has been 2 days since a stock gapped down, you would look at the CLOP-2 column to check if the stock close in the gap or above it.

You could write filters to display all stocks that are in/above the gap for 1 day ago, 2 days ago, etc...

djones000buck
206 posts
msg #103273
- Ignore djones000buck

11/9/2011 9:31:27 AM

Just a quick and dirty statistical filter based on your first example. Just added it to an old stat display..

Fetcher[

/* Pick a trigger, defined as variable rz10 */

set{ GAPDOWN, count( close 1 day ago above open, 1) }

set{ INGAP, count( close above open, 1) }

set{rz10, GAPDOWN * INGAP}

/* Set Trigger */
set{trigger0, count(rz10 > .9,100)}
set{trigger00, count(rz10 > .9,1)}
set{trigger1, count(rz10 one day ago > .9,1)}
set{trigger2, count(rz10 two days ago > .9,1)}
set{trigger3, count(rz10 three days ago > .9,1)}

/* Close Statements */
set{1pc1d, close 1 day ago * 1.01}

/* High Statements */
set{1phiopc1, count( high > 1pc1d,1)}

/* Trigger Statements */
set{t1p, count( trigger1 > .9,1)}
set{t1pa, t1p + 1phiopc1}
set{1pt1, count( t1pa > 1.9,1)}

/*Add variables to determine if percentages hit day 1 to day 3 */
set{1ptvar1, count(t1pa > 1.9,100)}

/*Get 1P in 1D */
set{get1p, 1ptvar1 / trigger0}

/*25 day streak*/
set{val1, count(trigger00 > .9,25)}
set{val2, count(1pt1 > .9,25)}
set{streak, val2 / val1}

add column get1p
average volume(90) > 500000
price > 2

get1p > .79
get1p one day ago > .79
trigger0 > 13
trigger00 > .9
do not draw trigger0
streak > .8
do not draw streak
and draw trigger00
and draw 1pt1
and draw get1P

]

Eman93
4,750 posts
msg #103279
- Ignore Eman93

11/9/2011 7:13:08 PM

This is the whole problem with stock fetcher you can not store a price value....

For example you want to see any stock that gaped down more than 8% in last 6 months and price is above the open of the gap down day... not happening here bro...

I like the idea the vacuum is a good trade....

you just need to keep track manually and set a price alert.. so every day you run the filter to show stocks the gap down 8% then set a price alert for the open?

You would think it would be easy but SF just wants your dollars and not add anything.

TheRumpledOne
6,529 posts
msg #103285
- Ignore TheRumpledOne

11/10/2011 11:30:09 AM

True, you can't store a value.

There are somethings that SF just can't do (at the moment).

Overall, IMHO, SF is the best dollar value for filtering and running reports.

whmc
6 posts
msg #103297
- Ignore whmc

11/11/2011 9:07:11 AM

Thanks for the input. I will be working on them and let you know how it goes.

StockFetcher Forums · General Discussion · Stock Moving into Gap

<< >>Post Follow-up