stockfetcher 980 posts msg #26934 |
6/18/2003 4:21:46 PM
The slope of... feature allows you to search for stocks where a measure or indicator has trended up or down over a particular period of time. Here is an example where the slope of the closing prices is computed:
A sample chart:
Some information about the slope of ... feature:
The length of time used for computing the slope is variable depending on the length of the trend that is needed.
Any measure may be used as input. For example:
Values above 0 indicate an uptrending measure. Positive values above 1.0 indicate the measure has effectively doubled from start to the end.
Values below 0 indicate a measure which is trending down.
Values near 0 mean that the measure is moving horizontally. This does not mean the values didn't move up or down during the specified time interval, just that the start point is near the end point.
As always, please let us know if you have any questions or comments about this new feature.
StockFetcher.com Support
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defghca 150 posts msg #26942 - Ignore defghca |
6/19/2003 8:14:28 AM
you have outdone yourself, thanks
i remember a request by jc hill 6.8.2003 titled "action function for peak.."
the function is basically trying to find the local minima/maxima of a function
so basically a function where the slope of the function goes through -and+ slope
so
should return stocks that have been decreasing until 2 days and turned around and start increasing again
but the filter does not to the "2 day ago"
2day ago,4day agoor 6day ago return the same list
is "rsi below -.5 2 day ago" correct syntax to return results 2 days ago??
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dmindy 42 posts msg #26958 - Ignore dmindy |
6/20/2003 2:06:26 AM
Yeah I was trying to do days ago as well.
No luck with lag either.
Is this possible?
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defghca 150 posts msg #26977 - Ignore defghca |
6/21/2003 5:26:58 PM
your new feature has a bug???
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ig0r 51 posts msg #26978 - Ignore ig0r |
6/21/2003 5:49:47 PM
looks fine to me def
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jim_c_hill 61 posts msg #26984 - Ignore jim_c_hill |
6/22/2003 12:02:25 PM
This new function has interesting possibilities for scanning stocks. I decided to add one feature to the first one posted: and rsi(15) has crossed above 30. I also experimented with price range and found that stocks between 1 and 10 did not perform as well as stocks between 10 and 30, contrary to many other filters I have investigated. The following seems to work well in up markets and gives decent results in many, but not all, down markets. [How does one get this to show as stockfetcher filter so others can click on it in this forum?]
show stocks where the 25 day slope of the RSI(15) is below -0.50 and rsi(15) has crossed above 30 and price is between 10 and 30
It essentially finds stocks whose rsi is trending downward and then makes an upward move across a key rsi target. Many people like to look for rsi crossing 30 as the first indicator for a possible up move. Of course, it has to eventually pass 50 to be a significant long term upmove. I have not played with the parameters yet, so the length of rsi, the value of the slope, etc. could be looked at further.
It may be that a shorter time average frame and shorter rsi value may favor lower priced stocks.
Jim
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ig0r 51 posts msg #26986 - Ignore ig0r |
6/22/2003 12:41:29 PM
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defghca 150 posts msg #26987 - Ignore defghca |
6/22/2003 1:07:05 PM
igor
i am tryingto get the slope 15 days before; look where the slope is drawn in the indicator pane!!!
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ig0r 51 posts msg #26988 - Ignore ig0r |
6/22/2003 1:38:45 PM
oh, well i guess you're right about the actual slope being drawn wrong, but it finds stuff with that slope 15 days ago, its just a visual bug, i see though
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ig0r 51 posts msg #26989 - Ignore ig0r |
6/22/2003 1:41:12 PM
, just rewrite it using a date offset instead of an offset for the rsi and it works
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