StockFetcher Forums · Filter Exchange · Need help with a Resistance Line filter.<< >>Post Follow-up
nkhaladkar
4 posts
msg #152287
Ignore nkhaladkar
5/22/2020 10:31:37 PM

Hi,

I need help with a filter I wrote below. The purpose of this filter is to identify stocks that have broken out of a downward sloping resistance line in a last few days, but are not too far above the resistance line. It seems to work OK, but I am not seeing certain stocks that meet this criteria. For example, on May 18th Boeing (BA) broke out of a short term downward sloping resistance line, but for some reason I am not able to capture it with my filter:

show stocks where close crossed above resistance(45,15,1) in last 5 days
and close is less than 7% above resistance(45,15,1)

and close is above resistance(45,15,1)

and resistance slope(45,15,1) is below 0
and volume is above 500000
and close is above 10.00
and draw MA(50)
and draw MA (200)

Any help you can provide me is greatly appreciated.
Thanks,
Nick.

Cheese
1,374 posts
msg #152288
Ignore Cheese
5/22/2020 11:27:37 PM

Nick,

BA did not satisfy the conditions of your filter on May 18, 2020.
You may try something like this to get another resistance line for BA

Fetcher[
SYMLIST(BA)
CHART-TIME 5 MONTHS

show stocks where close crossed above resistance(25,15,1) in last 5 days
and close is less than 7% above resistance(25,15,1)

and close is above resistance(25,15,1)

and resistance slope(25,15,1) is below 0

date offset 5/21/2020
]



nkhaladkar
4 posts
msg #152304
Ignore nkhaladkar
5/24/2020 2:52:49 AM

Thank you very much for your response. Happy trading!

StockFetcher Forums · Filter Exchange · Need help with a Resistance Line filter.<< >>Post Follow-up

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