For Kevin - StockFetcher.com Stock Screener

StockFetcher Forums · General Discussion · For Kevin

<< >>Post Follow-up

shillllihs 6,045 posts msg #116091 - Ignore shillllihs modified	10/20/2013 2:22:02 AM I was looking thru my filters and have this down as 3 Day Poppers. Is this something i converted or was this all yours? Fetcher[ /KEVIN'S TRADE THE WEEKLY OPEN GAP DOWN STRATEGY/ /FIRST, SET KEY VARIABLES - LAST WEEK'S CLOSE AND THIS WEEK'S OPEN/ set{horizontal1, weekly close 1 week ago} set{open1, weekly open} /SECOND, DETERMINE IF A GAP DOWN OCCURS, AND IF IT WAS THEN FILLED/ set{gapdown, count(open1 below horizontal1,1)} set{stats, count(weekly high above horizontal1, 1)} set{gapfill, gapdown * stats} /THIRD, COUNT THE FREQUENCY OF GAPS DOWN THAT WERE FILLED OVER THE LAST 100 WEEKS/ set{gapdown100, count(gapdown above 0.5,100)} set{gapfill100, count(gapfill above 0.5,100)} set{pct_gapfill, gapfill100 / gapdown100} /FINALLY, DETERMINE THE POTENTIAL GAIN FROM THIS WEEK'S GAP DOWN/ set{gapsize, horizontal1 - open1} set{gain2, gapsize / open1} set{gain, gain2 * 100} /NOW ADD COLUMNS WITH KEY DATA AND SORT THEM FROM HIGHEST PERCENT GAP FILLED TO LOWEST/ add column pct_gapfill {percent gap filled} add column gapdown100 add column gapfill100 add column horizontal1 {last week's close} add column open1 {weekly open} add column gain {gain(%)} add column ATR(50) sort on column 5 descending /SET SCREENING CRITERIA FOR USE AT MONDAY'S OPEN. SINCE BIG GAPS DOWN ARE LESS LIKELY TO BE FILLED, SCREEN OUT ANY GAPS DOWN THAT OPEN BELOW LAST WEEK'S LOW/ weekly open below weekly close 1 week ago weekly open above weekly low 1 week ago /ADDED CHECK - THE GAP TO BE FILLED SHOULD BE LESS THAN THE ATR(50). THIS WILL ALSO HELP TO SCREEN OUT BIG GAPS DOWN THAT ARE UNLIKELY TO BE FILLED THIS WEEK/ gapsize below ATR(50) /SET A MINIMUM FREQUENCY FOR GAPS DOWN - THE HIGHER THIS IS, THE STRONGER THE STATISTICAL RELEVANCE - I CHOSE 30 HERE BUT YOU CAN SET IT TO ANYTHING YOU WANT (HIGHER WILL GIVE FEWER HITS). I ALSO WANT THE RETURN TO BE AT LEAST 2%/ gapdown100 above 30 gain above 2 /STANDARD LIQUIDITY REQUIREMENTS/ close between 1and 1.60 average volume(30) above 100000 chart-display is weekly draw gapfill draw gapdown ]
Kevin_in_GA 4,599 posts msg #116096 - Ignore Kevin_in_GA	10/20/2013 9:28:48 AM That was one I did, but it looks like you might have refined the liquidity requirements for your trading style. I normally set this at "above 2".
shillllihs 6,045 posts msg #116109 - Ignore shillllihs	10/20/2013 4:57:55 PM well i don't play these since they seem a little risky but may in the future.
Kevin_in_GA 4,599 posts msg #116120 - Ignore Kevin_in_GA	10/20/2013 10:04:29 PM That's fine - I don't use most of the filters I design. A lot of the time I do this for fun, and am happy to share new trading ideas with folks here. I try to backtest (a LOT, nowadays) to be sure it's not crap before posting anything. Backtesting is SFs Achilles' heel and I can't always code these in StrataSearch.

StockFetcher Forums · General Discussion · For Kevin

<< >>Post Follow-up

StockFetcher Tools
Filter Editor
My Filters
Watch Lists
Chart+
Find Similar Stocks
Shared Lists

Support
Contact Us
Support Home

Subscriber
Subscriber Benefits

Settings
Chart
Results
MyFilters

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.

Copyright 2022 - Vestyl Software L.L.C.•Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.