waldo1323
14 posts
msg #52813
- Ignore waldo1323 |
7/5/2007 5:34:47 PM
can you create a scan which lists stocks that have closed 1.618% ABOVE their 13, 21 or 55sma on the first day?
Thanks
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alf44
2,025 posts
msg #52818
- Ignore alf44
modified |
7/5/2007 9:51:29 PM
...could you possibly make that criteria a little MORE precise ? lol
First, I see the "fib specific" requirements of the filter you're attempting...but, MAN...
You're asking a filter to return a percentage Close (carried to three decimals) above any ONE of any THREE different SMAs...
That's a challenge !
That "1.618% Close ABOVE" is also so precise that it would seem to be a tad too restrictive. imo
I looked at it a bit...perhaps others will give it a shot !
Regards,
alf44
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guru_trader
485 posts
msg #52819
- Ignore guru_trader |
7/5/2007 11:50:42 PM
What do you mean by "on the first day"?
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nikoschopen
2,824 posts
msg #52822
- Ignore nikoschopen |
7/6/2007 12:06:39 AM
A literal word-for-word translation of "stocks that have closed 1.618% ABOVE their 13, 21 or 55sma" is rather easy to write.
But I too don't believe that's what he had in mind, considering that the Fib number is growling for lion share of the attention. BTW Fib levels are calculated based on the high and low of the x-period range (eg. the difference between the high and the low of the 3-month range divided by 0.614). Hence, are you looking for 0.618 retracement level to be above those moving averages in question?
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SAFeTRADE
644 posts
msg #52827
- Ignore SAFeTRADE |
7/6/2007 12:57:12 AM
This is my literal translation of your request. Sort on whatever MA you want to see.
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alf44
2,025 posts
msg #52830
- Ignore alf44
modified |
7/6/2007 10:28:55 AM
...looks good SAFeTRADE...EXCEPT as I read it he's asking for a 1.618 percentage close ABOVE...
so...the MAs in those first 3 set statements SHOULD be multiplied by .01618...then THAT amount added to each MA.
Am I right or wrong on this ?
Regards,
alf44
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nikoschopen
2,824 posts
msg #52831
- Ignore nikoschopen |
7/6/2007 12:45:07 PM
But then the question is WHY? I'm still beating my addlebrain on what the rationale is behind this scan.
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alf44
2,025 posts
msg #52832
- Ignore alf44
modified |
7/6/2007 1:00:55 PM
...this is the scan waldo's after (if I understand correctly)...
----------------------------------
-----------------------------------
As "SAFeTRADE" said in his post..."Sort on whatever MA you want to see."
Keep in mind that when you look at the chart it is showing a Close ABOVE the "MA + 1.618%"...not the MA itself !
Likewise with the column info...a "1" will appear in the m13x/m21x/m55x columns IF the Close is ABOVE that "MA + 1.618%" level.
A "1" in more than one column would mean that it has Closed ABOVE that "MA + 1.618%" level on more than one MA...on that same day.
The filter reflects a 1 day offset AND is applied to the NASDAQ 100 ! fwiw
Regards,
alf44
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SAFeTRADE
644 posts
msg #52834
- Ignore SAFeTRADE |
7/6/2007 3:38:07 PM
Perception is reality. Until he is more specific, we have done all we can do.
Just because it doesn't make sense to me, doesn't mean it doesn't make sense.
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waldo1323
14 posts
msg #52838
- Ignore waldo1323 |
7/6/2007 7:59:41 PM
Thanks alf and the rest of you guys for helping me, I really appreciate it. To be honest with you a good friend of mine asked me if i could create a scan like what i asked for since he knows that i am a subscriber to this site. I have only been using my own basic "breakout" type scans which work pretty good for about a year. So if you need more specifics to actually narrow it down for another scan I will email him and post what he says asap. But by the looks of it Alf seems to be pretty close based on what my original question was.
I guess maybe i didn't word my original question properly but i think what my friend was asking is if it's possible to create 1 scan that would show the results of stocks that have closed 1.618% above either their 13 or 21 or 55sma and when i added "on the first day" i meant if stock XYZ gained .10 on the day is that the 1st day it was either above the 13-21 or 55sma? But like i said the scan alf posted seems like what the answer is or maybe i'm not smart enough yet to figure out what exactly i'm suppose to be asking, but i appreciate your time and help.
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