yshyystockfetcher
1 posts
msg #117686
- Ignore yshyystockfetcher |
1/10/2014 5:50:03 PM
I am trying to write a filter to find the stocks which:
1. present a buyable gap up in the last 5 days
(which means gap > 0.75 * ATR(14) and volume > average volume(40) * 1.5)
2. the current price is near the low of that gap-up day
The idea is after a big gap-up day, the price usually pull back
to the gap-up day low which presents a much safer entry point.
The difficulty is I know how to filter for the gap-up today, but
I am having trouble to figure out how to get the low of
the gap-up day in the past?
Thanks.
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joepistell
37 posts
msg #117805
- Ignore joepistell |
1/19/2014 8:07:25 AM
I'm with you. (Price Fills a Gap Up made x Days ago)
This is a filter that I want and a coding challenge that I can't solve. Create a script that can record the "un-filled price gap" that will fire an alert when low falls into the gap. Gap record parameters are Prior day high, Gap Day low.
I've got the gap up marked, and I use RSI(2) to hunt for a sell off. I can't think of a way to record the "gap" and fire of alert when the price enters the gap.
/*GLOBAL*/
show stocks where
avgvol(90) > 100000
and price > 3
/*GAP UP SET UP*/
set{x1, high one day ago}
set{x2, low - x1}
set{x3, close - open}
and x2 has reached a new 250 day high within the last 40 days
add column rsi(2)
draw x2
draw x3
draw rsi(2)
sort column 5 ascending
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Kevin_in_GA
4,599 posts
msg #117807
- Ignore Kevin_in_GA |
1/19/2014 9:13:30 AM
1. present a buyable gap up in the last 5 days
(which means gap > 0.75 * ATR(14) and volume > average volume(40) * 1.5)
2. the current price is near the low of that gap-up day
I tried to make this show gaps from the last five days and the corresponding target low in a filter column. I think this is what you were looking for.
Please take time to study how I did this - I am using several tricks in SF code that new users should learn, specifically the use of user-defined variables and TRO's logic system (look it up here and learn about it).
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pthomas215
1,251 posts
msg #132808
- Ignore pthomas215 |
11/26/2016 11:04:56 AM
Kevin, this looks interesting. It just seems like the stocks here have already gapped up. Have you been able to create stockfetcher code that shows the characteristics of a stock or etf that is about to gap up? Im trying to learn more about how to best trade the overnight gap up.
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Kevin_in_GA
4,599 posts
msg #132822
- Ignore Kevin_in_GA |
11/27/2016 10:02:46 AM
Have you been able to create stockfetcher code that shows the characteristics of a stock or etf that is about to gap up?
Well ... that would be the Holy Grail, now wouldn't it? I don't think anyone can predict this a priori with any technical indicators. Better to react to the move and trade (trend follow or mean-reversion) rather than try to anticipate it. IMHO
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pthomas215
1,251 posts
msg #132823
- Ignore pthomas215 |
11/27/2016 11:05:26 AM
ha yes it would be the holy grail. sometimes DUST gaps up 4 points overnight. Ive had a reasonable amount of success momentum trading and getting the bump so I will stick to that. Thank you.
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shillllihs
6,047 posts
msg #132825
- Ignore shillllihs
modified |
11/27/2016 3:27:26 PM
Tinkered slightly. This is the greatest SHORT filter I know. Price will enter or close gap within a day to 6 months 99% of the time. Look for prices that have climbed and have not encroached gap zone, then play divergence. Currently DGAZ is in play.
Thoughts, suggestions.
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pthomas215
1,251 posts
msg #132830
- Ignore pthomas215 |
11/27/2016 5:04:06 PM
Thanks shillihs. This is a good filter. I took out the etf restriction and added volume increases and it shows stocks that really gapped up overnight..comes closer.
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shillllihs
6,047 posts
msg #132834
- Ignore shillllihs |
11/27/2016 5:51:16 PM
Can you post what you have so far?
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pthomas215
1,251 posts
msg #132836
- Ignore pthomas215 |
11/27/2016 6:25:43 PM
yep...it's a variation of what you posted. Im going to play with this more.
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