StockFetcher Forums · General Discussion · Could use some guidance and/or suggestions....<< >>Post Follow-up
jimjay
4 posts
msg #139964
Ignore jimjay
12/10/2017 9:48:05 AM



http://charts.stockfetcher.com/sfchart/zUCjlx4In4.png

Attempting to create a scan filter that can locate stocks that have been in
a channel for a long period of time with very narrow highs and lows; this
is followed by a sudden, significant move up that closes outside of the
highs of the channel with a noticeable increase in volume. The purpose
is to find stocks that may be breaking out and up-trending.

My attempts of creating the correct phrases have proved to be unfruitful
so far, although I haven't given up the ghost yet. The links above kind of
show what I mean.

Thanks in advance for any assistance.

nibor100
1,031 posts
msg #139965
Ignore nibor100
12/10/2017 11:40:24 AM

Do you really mean "higher volume each day thereafter" because the chart you've attached doesn't have volume increasing every single day..

Regarding higher highs and higher lows, do you have a preferred timeframe for this to happen as it is hard to tell from the chart as there are periods during the run-up where a price hits a lower low before resuming the trend upward.

Thanks,
Ed S.

jimjay
4 posts
msg #139966
Ignore jimjay
12/10/2017 11:50:20 AM

Thanks for the reply Ed :-)

The attached chart doesn't represent exactly what I mean. It's the closest thing I could find to it though.
Look at the left side where the price highs and lows stayed in a very tight channel for a fairly long time,
and there was also very little volume during that time period. Then you will see the volume increases
significantly and the price gets above the channel. I'd prefer it to do this without spiking, but just build for
a few days with volume increasing each day above the one before.

John M.

jimjay
4 posts
msg #139967
Ignore jimjay
12/10/2017 11:58:13 AM

just look at the chart as if it ended at the 23rd +-

Trying to catch it before the move got rolling.

miketranz
961 posts
msg #139968
Ignore miketranz
12/10/2017 12:01:20 PM

Fetcher[PRICE BETWEEN .20 AND
5 CLOSE REACHED new 30 day high
volume REACHED NEW 30 DAY HIGH

volume above 500000
volume 100% higher than previous day
]



jimjay
4 posts
msg #139984
Ignore jimjay
12/11/2017 8:30:28 AM

Thanks for the insight. I'll take a closer look at that later today.

miketranz
961 posts
msg #140013
Ignore miketranz
modified
12/12/2017 8:57:46 AM

Fetcher[close reached a new 20 day high within the last 5 days

count(close reached a new 6 month high 5 days ago,60) equal 0

close between .5 and 12
avg vol(5) is above 200000
avg vol(5) is 100% above avg vol(30) 5 days ago
]



]

StockFetcher Forums · General Discussion · Could use some guidance and/or suggestions....<< >>Post Follow-up

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