miketranz
961 posts
msg #84184
- Ignore miketranz |
12/10/2009 11:27:32 PM
Chet or Eman,is there a way to produce a filter that will show stocks stuck in a 10 day range bound pattern? A perfect example would be RRI or F.What I do is find these patterns on daily charts,then switch them to 10 day/15 min charts to see the real intra day action,then trade off it.I trade high volume,liquid stocks,avg vol 1000000.Any ideas would be highly appreciated.Thanks,Mike..........
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johnpaulca
12,036 posts
msg #84186
- Ignore johnpaulca |
12/11/2009 12:39:15 AM
Mike....I found RRI in one of my bottom filters, very simple filter.
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chetron
2,817 posts
msg #84188
- Ignore chetron |
12/11/2009 6:56:18 AM
OR MAYBE...
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Kevin_in_GA
4,599 posts
msg #84189
- Ignore Kevin_in_GA |
12/11/2009 8:33:15 AM
Thinking out loud here ...
If a stock's price is really range bound, then a couple of things should help to identify this:
1. ATR(10) would be decreasing
2. Bollinger Bandwidths should be decreasing
3. Slope of its MA should be flat
Depending on how you want to structure your filter you could use one of these approaches
or
or possibly
Just some thoughts on other metrics for identifying range-bound stocks.
Kevin
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trendscanner
265 posts
msg #84193
- Ignore trendscanner
modified |
12/11/2009 9:18:51 AM
Here's another approach
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miketranz
961 posts
msg #84296
- Ignore miketranz |
12/12/2009 12:02:40 AM
Thanks for the help guys.....
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