StockFetcher Forums · Filter Exchange · Breakout and pullback to breakout<< 1 2 >>Post Follow-up
prokewl
5 posts
msg #64170
Ignore prokewl
6/22/2008 9:09:20 AM

Is there a way to scan for breakouts and then a pullback to the breakout point?

ie. with OIH there is a breakout at 4/16 and then a pullback/bounce to the breakout at 5/1 for a long

with WYNN there is a breakdown at 6/9 and pullback/bounce at 6/18 for a short.

Thanks for any help!

cunparis
71 posts
msg #64175
Ignore cunparis
6/22/2008 2:50:33 PM

I'm interested in this as well. So far I haven't figured out how to identify such a thing.



rtucker
318 posts
msg #64178
Ignore rtucker
6/22/2008 6:00:13 PM

Nope, it cant be done.




























































































































Wheels are turning.......................

TheRumpledOne
6,411 posts
msg #64181
Ignore TheRumpledOne
6/22/2008 6:44:09 PM

Look at my latest post in the RUN FOREST, RUN thread for RUNS, DROPS, BOUNCES and PULLBACK stats.

rtucker
318 posts
msg #64190
Ignore rtucker
modified
6/22/2008 9:15:29 PM

Hopefully there is a more general way to do this using indicators

Chetron?

Soooo many breakout periods.......... 5 day , 20 day, .......52 week.

Sooo many time periods for it to pull back to breakout level.

Here is ONE way to do ONE specific short term breakout/pull back period.

Seems like a pattern recognition type problem.

Anyone?
I was hoping the spinning wheels comment would spin a better wheel!


Fetcher[/* intentionally set to 2 here and 3 elsewhere . seems to work better*/
set{floor, 2 day high 6 days ago}

close 5 days ago reached a new 3 day high

/* this is the 1st day reached 3 day high, in othr words not up several days in a row*/
count(close 5 days ago reached a new 3 day high, 3) is between 0 and 2

close has been above floor for the last 4 days

/* since new 3 day high it went up at least 7% */
count(close is 7 percent above floor, 5) is above 0

/* the pullback*/
close is less than 2% above floor

draw floor on plot close
close > 1
avg vol(30) > 100000
draw price line at floor
do not draw close 3 day high
]






miketranz
969 posts
msg #64191
Ignore miketranz
6/22/2008 9:20:10 PM

I have'nt seen a filter for this one,but its a great idea.What I do is watch 52wk,6mo,90 day breakouts,which you can set up a filter for,on a daily basis.Its also a good thing to have multiple charts of what you are watching.Wait until they pull back near the breakout area,then enter if they take out the previous days high plus .10,that simple....

rtucker
318 posts
msg #64194
Ignore rtucker
modified
6/22/2008 10:40:38 PM

Fetcher[close reached a new 90 day high within the last 30 days
close > 10
avg vol(90) > 300000
]



Watching for pullbacks on the 90 day highs for 30 days is a cummulative monster if you "let in" as much as above.

Winnowing down ie: "apply to sector(metals and mining,chemicals,energy)" and other ways helps, but, it would be nice if SF could:

- In the last 60 days,

- latch the price of the first 52 week high in the last 30 days (30 days is not a typo and has nothing to do with the 60 days above)

-and show those who are near this price.

StockFetcher ?....... O'le buddy o'le pal............ Any chance?





TrendSurfer
109 posts
msg #64195
Ignore TrendSurfer
modified
6/22/2008 10:48:44 PM



WALLSTREETGENIUS
983 posts
msg #64209
Ignore WALLSTREETGENIUS
6/23/2008 11:50:18 AM

prokewl -

It's funny you should ask, because this very thing you are asking, I have done in my new MACD / DMA filter. I promised to leave the forum for reason's I don't want to get into right now, buy you can e-mail me at wallstreetgenius01@yahoo.com, and I'll be glad to send you just what you're looking for. Just please give me your word that you WONT post it anywhere here. This forum is up to here with drama, and it needs a bit of a break. This filter might be some of my best work to date. But I need to give credit to "chetron", and "TRO"....they played an intrical part in it's coding.


- WALLSTREETGENIUS -

TrendSurfer
109 posts
msg #64216
Ignore TrendSurfer
modified
6/23/2008 12:48:37 PM



StockFetcher Forums · Filter Exchange · Breakout and pullback to breakout<< 1 2 >>Post Follow-up

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