StockFetcher Forums · General Discussion · Trendline breakout<< >>Post Follow-up
2,824 posts
msg #37872
Ignore nikoschopen
9/8/2005 6:40:58 PM

I'm trying to filter out a stock that breaks above (or below) a trendline. The basic idea is to connect two dots from the previous 2 month high (or whatever you choose as the time frame) and the current week's high. ONLY IF YOU CAN DRAW THE DAMN LINE like you can for support & resistance. For example, look at the following filter:

set{hi, high 8 week high}
set{lo, high 1 week high}
set{diff, hi - lo}
set{ratio, diff divided by lo}
ratio above 0.2

As you can see, I have given the two dots: the first as the 8-week high & the other as this weeks high. The price difference between the two must exceed 20%. Now if SF can allow us to draw a line between the two and find stocks that penetrate above or below the line, this filter would be satisfied.

4 posts
msg #38036
Ignore elnaffar
9/17/2005 11:10:57 PM

Unfortunately SF does not support trendlines. :-(

6,362 posts
msg #38054
Ignore TheRumpledOne
9/18/2005 1:09:09 PM

See my "old school" posts and tweak the filters to get the breakouts you are looking for.

2,824 posts
msg #38080
Ignore nikoschopen
9/19/2005 6:35:55 PM

SF currently supports the "draw" command. I wonder how difficult it is to expand on the same concept & allow a line to be drawn between, say, two troughs or peaks?

StockFetcher Forums · General Discussion · Trendline breakout<< >>Post Follow-up

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