Sqwii
160 posts
msg #98944
- Ignore Sqwii |
2/7/2011 1:29:09 PM
I'm looking for a filter which has these things in common. I will use some charts examples for you too look at for what I mean.
First take a look at chart of "EEE".
If we look at both WEEKLY and DAILY chart EEE had been in a downtrend for 2 years. Then on the bottom in december the chart ran sideways. Suddendly it got a spike late december with increasing volume. I want a filter which should alert me THIS move , a first sign on a stock which has been downtrending for minimum 10 months ( or sideways for 10 months) and suddendly spike up with more volume.
So if there are anyone in here which knows how to make a filter , finding stocks below 10 , market is not otcbb and stocks which has been downtrending or sideways for months and then suddendly get a pop with volume increasing. Thats a filter I want to know.
If anyone so brilliant , please help me on this.
EEE is the first example chart , then if we look at "IBCP" thats the same kind of chart. What I mean here is that IBCP and EEE both had in common a longer term price drop on weekly and daily charts and suddendly IBCP 19 december got a increase in volume and spike up. THAT is the first signal and sign for a filter to show ma an alert.
So thank you all if you can help with this filter.
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Sqwii
160 posts
msg #98945
- Ignore Sqwii |
2/7/2011 2:19:00 PM
Tried out a bit myself and came to this:
market is not otcbb
price is below 10
weekly Slow Stochastics Slow %D(30) has been below 20 last 35 weeks
MACD Histogram(12,26,9) is below 0
MACD Histogram(12,26,9) increased last 2 days
Anyone has any better ? This one gives you stocks in downtrend, but like IBCP and EEE, they had on weekly chart both trends down in a constant matter for months and months.. and suddendly got up
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Sqwii
160 posts
msg #98946
- Ignore Sqwii |
2/7/2011 2:46:18 PM
I'm not sure if IBCP and EEE could be counted as a form of falling wedge pattern, if so there must be some screens for falling wedges both on daily and weekly chart
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miketranz
969 posts
msg #98950
- Ignore miketranz |
2/7/2011 7:12:47 PM
Good post.What you want to do is find a filter that would have caught EEE making it's move on Jan 5,breaking 1.00 on heavy volume after a long low level consolidation.Now you have something worth trading....
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mktmole
325 posts
msg #98962
- Ignore mktmole |
2/8/2011 3:51:33 PM
sounds to me like a 'golden-oldie' from way back in 2004 :)
the muddy ubb Squeeze play
rgds
mm
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djones000buck
206 posts
msg #98976
- Ignore djones000buck |
2/9/2011 5:04:04 AM
Good thread, I feel like this is the one filter we all want to find (and are still here looking for !!)...
I haven't found it yet either but I get some good candidates from this, I prefer rsi as opposed to macd, just preference I guess and this is sort of pieced together from some others that I use. Found EEE about where you wanted it, and it hit fnma and fmcc for me to :-)
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Sqwii
160 posts
msg #98981
- Ignore Sqwii |
2/9/2011 7:32:12 AM
argh some restrictions... can you change it so there is no restrictions in it ? Thanks...
Will try look at it
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djones000buck
206 posts
msg #98982
- Ignore djones000buck |
2/9/2011 7:59:48 AM
This doesn't quite match my rsi strength indicator (what I look for) but its close. I am sure your restrictions are with the set statements. Also in the above filter I didn't add any downtrend validation which I included here. I also have one that uses a low rsi as a trigger that i will try to post later...
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bkhurana43
103 posts
msg #98984
- Ignore bkhurana43 |
2/9/2011 8:32:06 AM
To catch situations like EEE, In my opinion any filter should include indicators eg:
MA(3) has crossed MA(20) from below
MA(20) is above MA(50)
RSI(2) has crossed RSI(8) within the last 1 day
Try these in combination with your other choices and you will have results very close to finding stocks like EEE
Please give me your frank comments if possible
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Sqwii
160 posts
msg #98987
- Ignore Sqwii |
2/9/2011 9:13:23 AM
I've tried another one
Price has been below MA(50) last 120 days
weekly slow stochsatics(14) is below 20
RSI(2) crossed above 20
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