StockFetcher Forums · Filter Exchange · uptrend pullback trend<< 1 2 3 >>Post Follow-up
brianm011
2 posts
msg #38318
- Ignore brianm011		 10/3/2005 10:19:05 PM

Ca anyone help with a filter for an uptrending slope with 3-5 day pullback

20 ma above 50ma for at least 5 days



maxreturn
745 posts
msg #38329
- Ignore maxreturn		 10/4/2005 2:14:09 PM

Brian, here's one way to go about it. Obviously there are a number of ways to qualify a 3-5 day pullback. If your're looking for something different, please respond:

Fetcher[set{x, count(ma(20) above ma(50),5)}
show stocks where x above 4 and do not draw x and 3 day slope of close below 0 and draw ma(20) and draw ma(50) and average volume(50) above 100000]
ham1198
174 posts
msg #38355
- Ignore ham1198		 10/6/2005 5:55:16 PM

Where many traders look for break-outs and break-downs to signal a trade, some of the highest probability trade set-ups can actually be found on the counter trend move. Ideally we want to buy a strong stock during a pullback and sell a weak stock during a rally. That is what this set-up helps us to identify. This trade set-up can be used for both long trades and short trades.
Counter Trend Set-up for Long Trades

This set-up is to be used when the overall market or major market sector is in an up-trend. For a long trade entry we look for stocks that are outperforming the market, are in a confirmed up-trend and have declined over the past three days on lower volume. We like to see stocks decline to near their 20-day exponential moving average (EMA). The 20-day EMA is often a point of support during minor pull backs.
Once we have identified a candidate we buy when the close is greater than the previous days close. For short-term traders a trailing stop should be considered. I prefer to place a stop on a close below either previous day's low or the low two days ago.
1. Find a stock whose 20-day Rate of Change (ROC) is greater than the 20-day ROC of the Russell 3000.
2. Whose ADX (14) > 20 and (+DMI > -DMI)
3. Close > Close 20 days ago
4. Close > 20-day exponential moving average (EMA)
5. Close < (20-day EMA + .10*20-day EMA) - Looking for a stock that is near its 20-day exponential average.
6. Today's Low < the Low 3-days ago
7. The 3-day moving average of Volume is less than the 3-day moving average of volume 3-days ago. AND On Balance Volume > its 30-day EMA
/* counter trend long set-up */
set{CC,days(close is above close 1 day ago,100)}
show stocks where price is between $30.00 and 180.00
and average volume(30) is above 250,000
and date offset is 0
and ROC(20) is above Ind(^RUA,ROC(20))
and ADX(14) is above 25
and +DI is above -DI
and close is above close 20 days ago
and close is above EMA(20)
and close divided by EMA(20) is between 1.10 and 0.90
and low is below the low 3 days ago
and average volume(3) is below average volume(3) 3 days ago
and OBV(30) is above Average OBV(30)



alf44
2,025 posts
msg #38363
- Ignore alf44		 10/6/2005 11:45:05 PM

Ah yes...the ole Momentum Retracement...

...the ole Slope Opposition...the ole "Holy Grail Trade" ala Linda B. Rashke !

I have been trying to perfect a scan for this set-up for some time !

The problem with trying to "capture" this set-up with a technical scan is never REALLY knowing whether a "counter-trend move" is just THAT...a "counter-trend move."

Many times it's a "trend CHANGE !"

Having said that...I agree with pretty much everything "ham" says ! I LOVE this set-up...and have said so numerous times on other threads here on SF.

It is a "BUY The DUMPS...SELL The HUMPS" strategy !

The following is one such scan that I have written and am currently using with some success. It does require entry filters though (I can elaborate if anyone is interested). You can't just blindly BUY the stocks it returns. It is still a work in progress...but...I've been pretty pleased with some of the results.

I welcome feedback from others.

--------------------

This is the LONG scan:

Fetcher[Show stocks where the

count(EMA(10) above EMA(30),10) is above 5 and
count(RSI(14) above 50,20) is above 10 and
count(Close below PP,10) is above 2 and

EMA(10) is above EMA(30) and
EMA(30) is above EMA(150) and

30 day Slope of Close is above 0 and
15 day Slope of the EMA(10) 3 days ago is above 0 and
5 day Slope of Low is below 0 and

Close reached a new 4 day Low within the last 2 days and
Close above Day Position(0.40,1) and
Close above S1 1 day ago

Average Volume(65) is above 100000 and
Price is above 2

and add column High
and add column PP {pivot}
and add column Low]



-------------------

I'm currently tinkering with a "mirror" of this filter for playing the SHORT side.


Regards,

alf44





morteza471
132 posts
msg #38367
- Ignore morteza471		 10/7/2005 12:45:11 PM

can some one add to this filter that after 2 or 3 days of pull back on the 3 or 4 day stock makeing a come back and closed above open strong thank you
TheRumpledOne
6,411 posts
msg #38372
- Ignore TheRumpledOne		 10/7/2005 6:36:08 PM

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}

/* enter your Upper Limit criteria */
set{UpperLim, high 52 week high}

/* enter your Lower Limit criteria */
set{LowerLim, low 52 week low}


set{LimDiff, UpperLim minus LowerLim}
set{PBDiff, UpperLim minus Close}
set{PBDiv, PBDiff / LimDiff}
set{PBPct, PBDiv * 100}

add column PBPct

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 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 industry


/* your filter code goes below this line */

close is between 1 and 10
volume above 1000000
PBPct above 79
sort column 5 descending
]



This filter shows pullback percentage based on 52 week high/low but you can change that to fit your needs. It also uses the STOCK DASHBOARD DISPLAY columns.

MAY ALL YOUR FILLS BE COMPLETE.
TheRumpledOne
6,411 posts
msg #38374
- Ignore TheRumpledOne		 10/7/2005 6:52:17 PM

Use

PBPct below 10

instead of

PBPct above 90

and you get some really strong stocks.




alf44
2,025 posts
msg #38375
- Ignore alf44		 10/7/2005 10:02:29 PM

MY SCAN IS THE KEY TO THE KINGDOM...

...DON'T ANYONE DARE MESS WITH IT !

YOU HAVE BEEN WARNED !!!

--------------

But seriously...get to know it...it IS a "MONEY-MAKER" !

B-uh-uh-uh-t !

Like most filters...it DOES require some work (GOD FORBID) from the user !

Apparently (around here), if the scan doesn't FIND the stocks...

...ENTER the trades for you...

...MANAGE the trade once you're in...and...

...AUTOMATICALLY move your STOPS where you are GUARANTEED to make a profit...

...IT'S WORTHLESS !!!

----------------

That seems to be the hurdle ALL stock filters must clear.

I'll keep looking for such a filter...BUT...in the meantime...you guys might consider letting this filter make you RICH (ie. MY above FILTER)!

Just a thought !


alf44







TheRumpledOne
6,411 posts
msg #38376
- Ignore TheRumpledOne		 10/8/2005 10:48:51 AM

Ok ALF44, I am listening...

Explain how to use your filter and select/trade the stocks from it.

You have the floor...
alf44
2,025 posts
msg #38379
- Ignore alf44		 10/8/2005 11:01:20 PM

RumpledOne,

That you would ask that question tells me one thing...you have obviously not done any sort of "click-through" with my humble filter...starting about 30 or 40...or, 50 days ago...to present ! If you had...I think the answer to your question ("how to make money with this filter") would be fairly obvious !

Do me a favor !

Do that !

Do it for me !

Then...I'll be glad to answer any questions you (or other posters) might have !

I have removed some of the "drawn" lines that SF likes to add to the Flash Charts. I have also added some lines that I want to see...as well as some of the indicators I like to glance at to help me determine the situation that is present at the time.

I have also added a "SHORT" version of the "LONG" filter I previously posted ! It is basically a "mirror" of the LONG version. They are BOTH posted below.

As I said before...these scans are a work in progress...but...they're pretty damn good right now !

Give'em a test drive:

--------------------

Fetcher[/* LONG MoMo Retrace */

Show stocks where the

count(EMA(10) above EMA(30),10) is above 5 and
count(RSI(14) above 50,20) is above 10 and
count(Close below PP,10) is above 2 and

EMA(10) is above EMA(30) and
EMA(30) is above EMA(150) and

30 day Slope of Close is above 0 and
15 day Slope of the EMA(10) 3 days ago is above 0 and
5 day Slope of Low is below 0 and

Close reached a new 4 day Low within the last 2 days and
Close above Day Position(0.40,1) and
Close above S1 1 day ago and

Average Volume(65) is above 100000 and
Price is above 2 and

and add column High and
and add column PP {pivot} and
and add column Low and

Draw RSI(14) line at 60 and
Draw RSI(14) line at 50 and
Draw RSI(14) line at 40 and
Draw Price Line at R1 1 day ago and
Draw Price Line at PP 1 day ago and
Draw Price Line at S1 1 day ago and
Draw Price Line at High and
Draw MACD(3,10,16) and
Draw Slow Stochastic(7,16) Fast %K and
Draw Slow Stochastic(7,16) Slow %D and
Draw ADX(14) and

do not Draw PP and
do not Draw S1 and
do not Draw Day Position(0.40,1) and
do not Draw Close 4-Day High and
do not Draw 30-day Slope of Close and
do not Draw 15-day Slope of EMA(10) 3 days ago and
do not Draw 5-day Slope of Low and

chart-time is 3 Months]



---------------------

Fetcher[/* SHORT MoMo Retrace */

Show stocks where the

count(EMA(10) below EMA(30),10) is above 5 and
count(RSI(14) below 50,20) is above 10 and
count(Close above PP,10) is above 2 and

EMA(10) is below EMA(30) and
EMA(30) is below EMA(150) and

30 day Slope of Close is below 0 and
15 day Slope of the EMA(10) 3 days ago is below 0 and
5 day Slope of Low is above 0 and

Close reached a new 4 day High within the last 2 days and
Close below Day Position(0.40,1) and
Close below R1 1 day ago

Average Volume(65) is above 100000 and
Price is above 7 and

add column High and
add column PP {pivot} and
add column Low and

Draw RSI(14) line at 60 and
Draw RSI(14) line at 50 and
Draw RSI(14) line at 40 and
Draw Price Line at R1 1 day ago and
Draw Price Line at PP 1 day ago and
Draw Price Line at S1 1 day ago and
Draw Price Line at Low and
Draw MACD(3,10,16) and
Draw Slow Stochastic(7,16) Fast %K and
Draw Slow Stochastic(7,16) Slow %D and
Draw ADX(14) and

do not Draw PP and
do not Draw R1 and
do not Draw Day Position(0.40,1) and
do not Draw Close 4-day High and
do not Draw 30-day Slope of Close and
do not Draw 15-day Slope of EMA(10) 3 days ago and
do not Draw 5-day Slope of Low and

chart-time is 3 Months]



--------------------

I welcome comments/suggestions that may make them better.


Regards,

alf44











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