Finding stocks that trend - highly directional within a range

StockFetcher Forums · General Discussion · Finding stocks that trend - highly directional within a range

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jcollins01 29 posts msg #85378 - Ignore jcollins01	1/1/2010 5:20:01 PM I'm trying to figure out how to write a filter or indicator to find stocks that "tend to trend" ie. in the last 3 months , xyz went to 40, then down to 30, then back up to 40 and then down to 35 . if it just drifted between 30 and 40 , or went to 40 from 30 or to 30 from 40 Im not interested in it (lower score). Example stocks are APA and CSX , both very directional and tradeable.
Eman93 4,750 posts msg #85387 - Ignore Eman93 modified	1/1/2010 8:13:13 PM Fetcher[ Narrow 60-day Channel Near Bottom and adx(5) is below 40 Set{MACDDiff, MACD fast line(4,8) - MACD slow line(4,8) } set{MACDb,days(MACDDiff is above MACDDiff 1 day ago,100)} set{MACDa,days(MACDDiff is below MACDDiff 1 day ago,100)} set{MACDX, MACDa - MACDb} Set{Bullpower, high minus ema(13)} Set{Bearpower, low minus ema(13)} set{BLb,days(BullPower is above BullPower 1 day ago,100)} set{BLa,days(BullPower is below BullPower 1 day ago,100)} set{BLxBL, BLa - BLb} set{BRb,days(BearPower is above BearPower 1 day ago,100)} set{BRa,days(BearPower is below BearPower 1 day ago,100)} set{BRxBR, BRa - BRb} set{BUY_ME,macd(7,12,3)} set{SHORT_ME,macd(5,3,3)} set{cross_me,buy_me - short_me} SET{LONG,COUNT(BUY_ME CROSSED ABOVE SHORT_ME,1)} SET{SHORT,COUNT(SHORT_ME CROSSED ABOVE BUY_ME,1)} Draw Bullpower Draw Bearpower Draw SHORT_ME on plot BUY_ME Draw FI(2) ADD COLUMN SEPARATOR add column BLxBL add column BRxBR ADD COLUMN SEPARATOR add column MACDX ADD COLUMN SEPARATOR add column PE add column ADX(14) ]
Eman93 4,750 posts msg #85390 - Ignore Eman93	1/1/2010 8:19:56 PM This is an old filter I picked up on here..... the results I get out my saved filter are diffrent for some reason.....
jcollins01 29 posts msg #85392 - Ignore jcollins01	1/1/2010 9:54:40 PM Not exactly what I was looking for but an excellent start! thank you very much!
Eman93 4,750 posts msg #85393 - Ignore Eman93	1/1/2010 9:57:45 PM Just made this also some nice stuff just run a search on channel....... Fetcher[/* Emans 90 day channeling stocks*/ close is above 1 volume > 500000 set{90dl, count(price crossed bottom of a 90 day channel,100)} set{90dh, count(price crossed top of a 90 day channel,100)} 90dl > 3 90dh > 3 draw 90 day channel add column 90dl add column 90dh add column sector]
johnpaulca 12,036 posts msg #85395 - Ignore johnpaulca	1/1/2010 10:31:26 PM Good work E....check out NZ from the screen
miketranz 961 posts msg #85423 - Ignore miketranz	1/2/2010 1:10:14 PM Channel plays all look good on the charts.The problem is by the time they are established,you enter one on the bottom,they go nowhere.Good shorts if anything.Someone needs to come up with a filter for stocks breaking down under a trading range.It takes everyone out,brings short sellers in.Enter a position if the stock reverses & comes back into the trading range.I've seen this pattern happen time after time.The stock most of the time will trade up or past the upper trading range price.I'm surprised no one has seen this pattern before.Good money maker,catching most people on the wrong end of the trade,just like clockwork.
fortyfour 189 posts msg #85433 - Ignore fortyfour modified	1/2/2010 4:38:33 PM Here is my display for searching for the type of stocks you mention. I click sort columns and change the code of columns to search for stocks. For example if I change the 1.5x volatility corssovers to the last 5 days I can see which stocks exploded up or down on a given week..... etc.... ad nauseum... Williams < WHATEVER restricts AAPL's or anyone away from lower BB Choose your own entry criteria. See Chet for programming details! I use a setting chart = LINE so its not so cluttered. Suit yourself... Good Luck. / Fetcher[display percentage above the lower bollinger band(12)/ /if not in dispaly only mode use slow TOMMS HULL ma line for buy signal/ /display ma(90) and 1.5 ma(90) of BB(12) DIFF / / Johns crazy bb display/ /trend I is ma(150)/ /************TOMMS HULL MOVING AVERAGE.....SLOWAVG ONLY IS USED***********/ set{f1,cwma(close,5)} set{f2,2 f1} set{f3,cwma(close,10)} set{valfast,f2 - f3} set{fastavg,cwma(valfast,4)} set{Vs1,cwma(close,13)} set{Vs2,2 * Vs1} set{Vs3,cwma(close,25)} set{valslow,f2 - f3} set{slowavg,cwma(valslow,7)} /**********************************/ do not draw slowavg on plot close /************************************************************************************/ /PERCENTAGE DIFFERENCE BETWEEN STOCK PRICE AND LOWER BB(12)/ /*************************************************************************************/ set{cdiff, close - lower bollinger band(12)} set{temp, cdiff/ lower bollinger band(12)} set{PERCENTnearLOWBB, temp 100} /*********************CHART SETUP*****************/ chart-display is weekly /required for funny weekly day change visual thing/ cema(weekly day change,3) below 100 /required to get daily display of price/ /******************************************************/ close > 10 avg vol(30) > 300000 count(close > ma(150),75) above 65 cema(bollinger diff(12),90) > .05 /minimum trading volatility/ /*********************************************************************************************************/ /IN LAST 90 DAYS, HOW MANY TIMES DAILY BB VOLATILITY CROSSES THE MA(90) OF VOLATILITY / /********************************************************************************************************/ set{xcount90, count(bollinger diff(12) crossed above cema(bollinger diff(12),90) ,1)} set{xoversum90, sum(xcount90,90)} xoversum90 > 2 /***********************************************/ ********************************************************************************************************/ /IN LAST 30 DAYS,HOW MANY TIMES DAILY BB VOLATILITY CROSSES THE MA(90) OF VOLATILITY / /*********************************************************************************************************/ set{xcount30, count(bollinger diff(12) crossed above cema(bollinger diff(12),90) ,1)} set{xoversum30, sum(xcount90,30)} /adjust this number for short volatility lookback/ /xoversum30 > 0/ /************************************************/ /*****************BUY SIGNAL*************/ /close crossed above slowavg/ /comment out buy signal for display only/ count williams %r(12) < -40 count(williams %r(12) < -60,4) > 0 /************************************************/ /************HIGHER VOLATILITY BAR (1.3x)......COUNT AND DISPLAY THIS**/ set{onefive, 1.3 cema(bollinger diff(12),90) } set{onefivecount , count(bollinger diff(12) crossed above onefive ,1) } set{onefivesum, sum(onefivecount,90)} add column onefivesum draw onefive on plot bollinger diff(12) /******************************************************************************************/ draw bollinger band(12) draw cema(bollinger diff(12),90) draw ma(150) draw bollinger band(40,.2) add column xoversum90 add column xoversum30 add column cema(bollinger diff(12),90) add column PERCENTnearLOWBB sort column 5 descending do not draw weekly day change do not draw xoversum90 do not draw xoversum30 add column williams %r(12)]
jcollins01 29 posts msg #85434 - Ignore jcollins01 modified	1/2/2010 5:03:58 PM I finally figured it out; stocks that trend strongly will have a greater slope on average, whereas stocks the just plod along will have a slope approaching 0. hence: Fetcher[ set {slope1,abs(5 day slope of close)} draw slope1 add column slope1 set{slopesum,sum(slope1,90)} add column slopesum sort by column 6 descending volume greater than 500,000 price greater than 10]
Eman93 4,750 posts msg #85548 - Ignore Eman93 modified	1/5/2010 2:00:37 AM Fetcher[ /Emans Lin Reg 90 day channel near bottom/ close > 1 volume > 500000 set{90dal, count(Price crossed Bottom Linear Regression Line(90,0.618),100)} set{90dah, count(Price crossed Top Linear Regression Line(90,0.618),100)} set{upper, Top Linear Regression Line(90,0.618) + 0} set{lower, bottom Linear Regression Line(90,0.618) + 0} Linear Regression Slope(90) > 0 low below Bottom Linear Regression Line(90,0.618) close above Bottom Linear Regression Line(90,0.618) draw Top Linear Regression Line(90, 0.618) draw Bottom Linear Regression Line(90,0.618) add column 90dal add column 90dah add column Linear Regression Slope(90) add column upper add column lower add column high add column low add column sector]

StockFetcher Forums · General Discussion · Finding stocks that trend - highly directional within a range

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