StockFetcher Forums · Filter Exchange · Find strong trend reversals<< >>Post Follow-up
pateljr
11 posts
msg #31759
- Ignore pateljr		 4/15/2004 5:04:37 PM

Use the following filter to find strong trend reversals. I have been using it for last few days and is turning excellent results.

Filter[Show stocks where open is more than .3% above the high 1 day ago and close is above open and low 1 day ago reached a new 2 week low and low is above high 1 day ago and volume reached a new 5 day high and average volume (10) is above 100000 and close is above .50]

For logic behind this signal and to read about similar signals, you can visit
http://www.profitfromprices.com/
pateljr
11 posts
msg #31760
- Ignore pateljr		 4/15/2004 5:19:53 PM

I should be writing this way to make it easy to test it

Fetcher[Show stocks where open is more than .3% above the high 1 day ago and close is above open and low 1 day ago reached a new 2 week low and low is above high 1 day ago and volume reached a new 5 day high and average volume (10) is above 100000 and close is above .50]



This is a tight filter which does not give lot of stocks but just a few powerful ones...

Thanks.

<a href="http://www.profitfromprices.com">http://www.profitfromprices.com</a>
TheRumpledOne
6,411 posts
msg #37372
- Ignore TheRumpledOne		 8/9/2005 1:00:36 AM

Fetcher[
/* STOCK DASHBOARD DISPLAY for newbies and old pros */

set{E36b,days(ema(3) is above ema(6),100)}
set{E36a,days(ema(3) is below ema(6),100)}
set{E3xE6, E36a - E36b}

set{E50200b,days(ma(50) is above ma(200),100)}
set{E50200a,days(ma(50) is below ma(200),100)}
set{M50xM200, E50200a - E50200b}

set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}

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}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}


set{E50b,days(close is above ma(50),100)}
set{E50a,days(close is below ma(50),100)}
set{CxM50, E50a - E50b}

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}

Set{aa, a1 + a2}
Set{TREND, aa + a3}

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}


set{PARBuy, count(close crossed above Parabolic SAR, 5) }
set{DMIBuy, count( di(14) Difference crossed above 0 , 5) }
set{DMIBuyX, count( di(14) Difference above 0 , 1) }

set{PARSell, count(close crossed below Parabolic SAR, 5) }
set{DMISell, count( di(14) Difference crossed below 0, 5) }
set{DMISellX, count( di(14) Difference below 0, 1) }

set{PARSBuy1, PARBuy * DMIBuy}
set{PARSBuy, PARSBuy1 * DMIBuyX}

set{PARSSell1, PARSell * DMISell}
set{PARSSell, PARSSell1 * DMISellX}

set{PARSTrade, PARSBuy + PARSSell}

set{HiOp, high - open}

set{WRb,days(Williams %R(10) is above Williams %R(10) 1 day ago,100)}
set{WRa,days(Williams %R(10) is below Williams %R(10) 1 day ago,100)}
set{WRxWR, WRa - WRb}

and add column VolCnt
and add column Vdbl
and add column volpct

and add column HiOp
and add column Trend

and add column CxC {CxC_}
and add column CxE5 {CxE5}

and add column E3xE6 {E3xE6}
and add column E13xE26 {E13xE26}


and add column CxM50
and add column CxM200
and add column M50xM200

add column rsi(2)
add column weekly rsi(2)

add column PARSBuy
add column PARSSell

add column WRxWR

and draw RSI(2)
and draw ema(5)

and draw Williams %R(10)

and draw Parabolic SAR
and draw +di(14)

and draw -di(14)
and draw adx(14)
and draw di(14) difference

/* your filter code goes below this line */


Show stocks where open is more than .3% above the high 1 day ago and close is above open and low 1 day ago reached a new 2 week low and low is above high 1 day ago and volume reached a new 5 day high and average volume (10) is above 100000 and close is above .50

sort column 5 descending

]
glider
59 posts
msg #37373
- Ignore glider		 8/9/2005 2:26:52 AM

I backtested your filter from July 28 to August 5 and of 33 stocks picked, 27 were losers. Is this a joke or are you serious?
jclaffee
81 posts
msg #37374
- Ignore jclaffee		 8/9/2005 3:03:03 AM

glider,

note the date of the original post. . .I had the same reaction! This must have been one of those instances of a short-duration curve fitting.

Jim




TheRumpledOne
6,411 posts
msg #37383
- Ignore TheRumpledOne		 8/9/2005 8:22:24 PM

Hey traders:

Your response is indicative of most traders - you are looking for magic!

I am not putting you down, we all start ignorant and learn.

What you have to realize is "THERE IS NO SPOON".

You focussed on the losers... what about the winners? How much could you have made?

Muddy, aka, Wallman, gave advice about WAITING FOR GREEN. It is so simple, you buy stocks when they show signs of going up.

As for those people who can't sit in front of a screen all day and trade, then you must realize that you are going to win some and lose some. It's the money management that's important.

Look at BIDU:

Date Open High Low Close Volume Adj Close*
9-Aug-05 120.50 125.30 95.69 96.10 8,667,700 96.10
8-Aug-05 137.75 153.98 115.24 115.50 15,488,900 115.50
5-Aug-05 66.00 151.21 60.00 122.54 22,681,100 122.54

Do you think people made money trading this stock?

Do you think people lost money trading this stock?

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT.

MAY ALL YOUR FILLS BE COMPLETE.
glider
59 posts
msg #37385
- Ignore glider		 8/9/2005 11:49:07 PM

RumpledOne,

Two comments on your post.
1. Unlike you, most people are not daytraders. I'm sure people made money on BIDU. DAYTRADERS.
2. I don't think most traders are looking for magic. What they want is a fighting chance. A filter should have a MINIMUM 50/50 win/loss ratio, to be even considered for stock selection. I agree with using other criteria: waiting for green, good volume etc. This filter has a 18/82 win/loss ratio for seven trading days. I'd be interested in hearing what strategy/technique you would apply to make money with this filter. With so many other filters having much better w/l ratios, why would you bother trying. The whole point of filter research is using the good ones and getting of the bad ones.



jclaffee
81 posts
msg #37386
- Ignore jclaffee		 8/9/2005 11:55:49 PM

Yassuh!

Jim
leontrader
3 posts
msg #37394
- Ignore leontrader		 8/10/2005 3:27:16 PM

what you think of bosc? it seems like a reversal
TheRumpledOne
6,411 posts
msg #37402
- Ignore TheRumpledOne		 8/10/2005 9:16:31 PM

glider 8/9/2005 11:49:07 PM

RumpledOne,

Two comments on your post.
1. Unlike you, most people are not daytraders. I'm sure people made money on BIDU. DAYTRADERS.

And some, who paid over $140 lost their you know whats!!


2. I don't think most traders are looking for magic. What they want is a fighting chance. A filter should have a MINIMUM 50/50 win/loss ratio, to be even considered for stock selection. I agree with using other criteria: waiting for green, good volume etc. This filter has a 18/82 win/loss ratio for seven trading days. I'd be interested in hearing what strategy/technique you would apply to make money with this filter. With so many other filters having much better w/l ratios, why would you bother trying. The whole point of filter research is using the good ones and getting of the bad ones.

Fighting chance? The past does NOT equal the future. ANYTHING CAN HAPPEN.
People have put RSI(2) down but I know it works. The filter is just the BEGINNING! But I get the feeling that people want a filter to spit out winners WITHOUT having to do anything else.

Not every stock that RSI(2) spits out is an immediate winner. Some pop right away others may go up a little and tumble some more only to pop later.

For those who are NOT day traders, it is better to find a few dependable stocks that you can buy at the bottom, sell at the top and do it a few times a year. Who needs a filter when you can trade SBAC over and over and over again? (Sorry StockFetcher, you know I love your service). I told a fellow trader over a year ago to learn how to trade by just trading SBAC. It was $5 at the time. Had he done nothing but buy SBAC, he would have tripled his money!

Home Depot (HD) is another stock that is easy pickings. And GOOG is just a cow that needs to be milked everyday.

MAY ALL YOUR FILLS BE COMPLETE.





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