drago9955
6 posts
msg #100549
- Ignore drago9955 |
5/4/2011 9:52:10 AM
Hi,
Good Day to all.
I have a list of potential candidates by using the following criteria :
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
It will usually bring up about 500 stocks (approx.)
I would like to to know if there is any anyway to further break this group into :
1) Stocks that are trending up (in the uptrend for the past 50 days)
2) Stocks that are trending down (in the downtrend for the past 50 days)
3) Stocks that are moving sideway.
Appreciate any help or comment.
Thank You.
:)
Francis
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dwiggains
444 posts
msg #100550
- Ignore dwiggains |
5/4/2011 9:59:37 AM
Hi
This one uses the 50 day slope of the close.
Notice that it favors the high price stocks.
Sort column 5 ascending to get the stocks going down.
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dwiggains
444 posts
msg #100551
- Ignore dwiggains |
5/4/2011 10:03:35 AM
This one gives price change divided by close.
Sort column 5 ascending for down stocks.
Good Luck
See ya
David
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drago9955
6 posts
msg #100560
- Ignore drago9955
modified |
5/5/2011 12:06:25 AM
Hi David,
Thanks for the reply and the solutions. :)
REALLY appreciate your help !
I have been playing around with the 'slope of' but couldn't get it right.
Your first scan will favor high priced stocks as you have mentioned.
(As mentioned in the SF manual, the slope of is using linear regression.
Thus gradient of higher priced stocks will tend to be higher relatively.
Pls correct me if I am wrong in the interpretation here. thks)
Is your second scan a way to get around the bias ?
Or first scan and second scan should be 'merge' in certain way to produce a less biased result ?
Appreciate if you can guide me further.
Big thanks to you again.
:)
Francis
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mystiq
650 posts
msg #100561
- Ignore mystiq
modified |
5/5/2011 12:58:11 AM
5/4/2011 10:03:35 AM
This one gives price change divided by close.
Sort column 5 ascending for down stocks.
Fetcher[
Stock is optionable
Price > 30
Average Volume(90) > 1,000,000
set {a, close minus close 50 days ago}
set {change, a / close}
add column change
sort column 5 descending
**nice simple scan**
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four
5,087 posts
msg #100566
- Ignore four
modified |
5/5/2011 3:17:31 PM
NOTE: Borrowed from above (A) added MIN minus MIN (B) rsi (C) CHANGE <
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drago9955
6 posts
msg #100578
- Ignore drago9955 |
5/6/2011 12:15:47 AM
Hi mystiq and four ,
Thanks for the responses and solutions !
As a relatively new user of SF, it will take me some time to digest that, but it is a happy problem :)
In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness.
Thanks guys again for the help :)
:)
Francis
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four
5,087 posts
msg #100579
- Ignore four |
5/6/2011 1:31:52 AM
"In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness"
---------
Using low rsi(2) values seem to, sometimes, pick better.
See Kevin's work here, http://forums.stockfetcher.com/sfforums/?q=view&tid=94375&start=0.
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drago9955
6 posts
msg #100634
- Ignore drago9955 |
5/7/2011 12:25:14 AM
Thanks four,
It looks like a very interesting and informative thread.
That will keep me busy for some time.
Happy problem to have :)
Thanks again for sharing !
:)
Francis
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mystiq
650 posts
msg #100637
- Ignore mystiq
modified |
5/7/2011 2:02:56 AM
four
910 posts
msg #100579
- Ignore four 5/6/2011 1:31:52 AM
"In the mean time, would you mind explaining the rationale behind your scan/s, and their strength and weakness"
---------
Using low rsi(2) values seem to, sometimes, pick better.
See Kevin's work here, http://forums.stockfetcher.com/sfforums/?q=view&tid=94375&start=0.
>i just combined the above ideas and added a twist to sort out the results
shares outstanding < 1 --- the less; the more the stock moves
set{x%,weekly atr(8)/weekly ma(8)} --- potential stock movement; positive
add column rsi(2) -- distribution/accumulation?
add column weekly StochRSI(2,2) --- distribution/accumulation?
draw weekly macd(1,3,3) -- distribution/accumulation?
draw macd(1,3,3) -- distribution/accumulation?
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