jhenninger
63 posts
msg #112310
- Ignore jhenninger |
3/18/2013 7:28:17 PM
Hello all,
Just curious if anyone has a hammer bar scan that works relatively well in capturing the hammer bar formation?
The default hammer bar scan that SF offers doesn't seem to find much. Or at least it hasn't during the times that I've tried it.
I'm able to see the coding behind the built-in SF scan, but I'm not entirely sure what to tweak in order for it to pick up better candidates.
Any ideas or suggestions are welcome.
Thanks very much for your time,
- Jon
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miketranz
961 posts
msg #112311
- Ignore miketranz |
3/18/2013 8:39:14 PM
set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
set{body_size,body_top - body_bottom}
set{lshadowsize, body_bottom - low}
/* *********** had a typo here ********* */
set{body_size2, body_size * 2}
set{tshadowsize, high - body_top}
lshadowsize is greater then .2
and lshadowsize is greater then body_size2
and body_size is greater then 0
and price is greater then .5
and open is less then Lower Bollinger Band(20)
and close is greater then open
and offset 0 days ago
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miketranz
961 posts
msg #112312
- Ignore miketranz |
3/18/2013 9:06:50 PM
PS: A hammer bar within an uptrend is a more potent set up.I call it a trend knock out.Place a buy stop next day .10 above the hammer high.Enter only If the stock breaks above that area the next day.A good example is AAMRQ.Good luck...
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jhenninger
63 posts
msg #112313
- Ignore jhenninger |
3/18/2013 9:30:20 PM
Thanks Mike.
I appreciate the scan and the insight.
Will try to put it to some good use.
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jhenninger
63 posts
msg #112432
- Ignore jhenninger |
3/25/2013 4:50:54 PM
Anyway to make this a weekly scan as well?
Thanks..
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mahkoh
1,065 posts
msg #112435
- Ignore mahkoh
modified |
3/25/2013 6:54:44 PM
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arimont
57 posts
msg #130426
- Ignore arimont |
8/15/2016 7:36:09 AM
This is an old thread but it intrigued me.
To find a Hammer after 2 big red candles might show a trend change.
So I set up this filter. It brings very few results every week (0-2 per week) but most of them worked, meaning that after the Hammer there was a reasonable movement up.
Its far from being perfect and any suggestions would be appreciated.
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arimont
57 posts
msg #130427
- Ignore arimont |
8/15/2016 7:37:45 AM
Sorry, I forgot the OFFSET switch...
Just make it 0 and you get KLAC and COLL for today.
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SAFeTRADE
644 posts
msg #130428
- Ignore SAFeTRADE
modified |
8/15/2016 9:35:13 AM
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arimont
57 posts
msg #130445
- Ignore arimont |
8/16/2016 7:00:29 AM
Both KLAC and COLL could have worked (if I had entered them, which I didnt, I am still testing) for a quick intraday profit.
Today the filter does not result anything, but both KALC and COLL seems like good to continue, with a very tight stop to keep the hypothetical profits.
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