whirl
11 posts
msg #38216
- Ignore whirl |
9/27/2005 1:37:45 AM
When I find these patterns manually I usually do really well, it's really simple strategy yet does quite well. I am looking for stocks that had a really big tank in 1 or 2 days of say 30% or more, over 30 days AGO. Then let it consolidate for a while in a pretty flat channel. Then when it shows signs of breaking the upside of the channel I jump in and ride the bounce. Of course it will work in big stocks, but on small stocks very easy to find stocks go from $4 to $2, and ride it back to $3 for a nice 50% bounce in a couple of days.
This is what I have so far, but I can't seem to get the syntax right for what I want.
Show stocks below 3
and volume is above 200000
and close dropped more than 30% in one day more than 30 days ago (this is where I have problems)
and RSI(5) reached a new 30 day high
and OBV is above 0
and the stock is trading in a tight channel 10% of its price (a $2 stock would only hover .20 while in the channel during the consolidation)
Can anyone help me w/ the proper syntax, and/or tweak it. I do quite well, if I can only automate the finding process. thank you
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MikeB60046
43 posts
msg #38219
- Ignore MikeB60046 |
9/27/2005 5:46:37 AM
whirl
try plugging this into your filter where you are having problems
count(close is 30% below close 1 day ago,30) is above 0
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whirl
11 posts
msg #38221
- Ignore whirl |
9/27/2005 12:15:27 PM
Thank you for your response. Does that code look for stocks that dropped a lot 30 days ago? or at LEAST 30 days ago? I dont want to be limited to exactly 30 days, maybe even something that happened 30 days to 1 year ago.
thx
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MikeB60046
43 posts
msg #38223
- Ignore MikeB60046 |
9/27/2005 12:34:17 PM
It looks for stocks falling at any time within the last 30 days. Change the days for any period you wish
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whirl
11 posts
msg #38224
- Ignore whirl |
9/27/2005 12:57:37 PM
Thanks Mike. Is there a way I can specify a range instead then? For example, greater than 5 days, and less than 30. That way I can allow the stock to consolidate instead of just looking at yesterday's stocks which I wouldn't want in the scan.
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yaotiande
32 posts
msg #38253
- Ignore yaotiande |
9/28/2005 5:57:55 PM
This should get you going. You might want to tweak it a little. I'm having a hard time yielding any matches. The only one is NWS from the drop very long ago. You mind shareing one of those already made you a bundle :) Let me know how it plays out.
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