StockFetcher Forums · Filter Exchange · Here is another filter on Momentum<< 1 2 >>Post Follow-up
SAFeTRADE
646 posts
msg #128606
Ignore SAFeTRADE
5/21/2016 8:50:27 AM

But maybe with a different take. Sort on rsq90 for a price that is closest to the trend.

Fetcher[set{RS, Close/Ind(^SPX,Close)}
set{rs20, close 20 days ago / Ind(^SPX,Close 20 days ago)}
set{updn, rs / rs20}
set{cls20, indposition(close,20)*100}

Draw MA(200)
Draw MA(50)
draw ma(20)
add column rs
add column rs20
add column updn
add column cls20
add column RSquared(close,90){rsq90}
add column 90 Day slope of the close{slope90}
s&p 500
updn above 1.02
do not draw updn
draw cls20 line at 50
draw 90 Day slope of the close
sort column 7 descending
]




pthomas215
1,251 posts
msg #128607
Ignore pthomas215
5/21/2016 9:32:11 AM

Thank you for your generosity. I noticed on these that the RSI is good, its high, but not too high. Can we assume there is still room before a downturn on most of them? Are there certain industries that are better than others on this sf code?

SAFeTRADE
646 posts
msg #128622
Ignore SAFeTRADE
5/22/2016 7:54:50 AM

If you are a breakout trader possibly look for a cls20 to be between 80 and 100. If you buy the dips
look for a cls20 between 45 and 55. In my opinion for the best trending stocks look for rsq90
above 75 and slope90 to be above 1.05.

Mactheriverrat
3,157 posts
msg #128631
Ignore Mactheriverrat
5/22/2016 1:06:03 PM



SAFeTRADE
646 posts
msg #128632
Ignore SAFeTRADE
5/22/2016 2:02:24 PM

Exactly Mac and with above average volume(50). Good eye!

Mactheriverrat
3,157 posts
msg #128634
Ignore Mactheriverrat
modified
5/22/2016 4:32:24 PM

It also broke over the MA(50). I bet that caught a lot of eyes when people are doing scans this weekend for plays for Monday
@ SAFeTRADE
I used your filter you posted. Then sorted % change from highest to lowest. Looked for stocks nearing a previous resistance line. QRVO was like the 2nd or 3rd one.



graftonian
1,089 posts
msg #128635
Ignore graftonian
5/22/2016 4:40:04 PM

Interesting way of looking at the problem, and thanks for sharing.

Mactheriverrat
3,157 posts
msg #128637
Ignore Mactheriverrat
modified
5/22/2016 4:57:35 PM

One can also sort using the below code by days. Sort until day 1 shows up, make a mark right below the candle for that day and the draw resistance and support line. You can then see stocks nearing previous resistance line for a breakout.


CxC is number of consecutive days close above (+)/below(-) previous close and set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)} set{CxC, CCa - CCb} and add column CxC {C_x_C}

do not draw CxC


papagatorga
124 posts
msg #128694
Ignore papagatorga
5/25/2016 10:39:33 AM

Great results looking back one week, not as good at two weeks.

pthomas215
1,251 posts
msg #128701
Ignore pthomas215
5/25/2016 11:51:52 AM

I think multiple indicators passing the test can lead to a good swing trade. i.e. ) IFT just breaking out, MA(50) trending up, CCI(10) and CCI(61) just breaking above the red line, Current EMA(13) riding above price level, Support level reached if going long.

I have noticed one thing specifically. a chart that has a sharp increase in CCI(10) and is just starting to go over the 0 red line always sees a ton of play the next day.

anyone know how to write SF code to show stocks that do this?


StockFetcher Forums · Filter Exchange · Here is another filter on Momentum<< 1 2 >>Post Follow-up

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