StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 7 8 9 10 11 ... 40 >>Post Follow-up
TheRumpledOne
6,411 posts
msg #46447
- Ignore TheRumpledOne
modified		 8/17/2006 4:36:14 PM

Thanks for the "OOPS"

http://www.tradingfrommainstreet.com/tradescanscanning.html

Notice they "WAIT FOR GREEN"!!

http://elitetrader.com/vb/showthread.php?s=60e4b587270c2dbb73de8ce7c4d7868a&threadid=35179&perpage=6&pagenumber=2






nramesh30
4 posts
msg #46448
- Ignore nramesh30		 8/17/2006 4:44:29 PM

Is there any service/website that gives a list of all gap down/up stocks in the morning ?

Thanks
Ramesh



alf44
2,025 posts
msg #46450
- Ignore alf44		 8/18/2006 2:06:15 AM

TRO, actually the set-up described in the links you posted is a little bit different from the "William's Ooops set-up" that I was referring to in my earlier post. Different in that it requires a Wide Range Bar...followed by a GAP outside the Range of the WRB. fwiw

Nevertheless...it is a nice set-up and one I will add to my arsenal.


Regards,

alf44



radovan.arendas
41 posts
msg #46451
- Ignore radovan.arendas		 8/18/2006 2:52:42 AM

alf44
where can I find the original "William's Ooops set-up"? Would you mind to share it or provide links?

Thnaks
r.
radovan.arendas
41 posts
msg #46452
- Ignore radovan.arendas		 8/18/2006 3:29:49 AM

Never mind. I found it couple of posts ago from U.

"Oops" is an expression originally coined by Larry Williams. The setup occurs when the opening price gaps outside the previous day's range. A buy (or sell) stop is placed just inside the previous day's range in case the market then closes the gap, indicating a reversal. The trade is best treated as a scalp trade and exited before the close. This pattern has no long term forecasting value."

Thanks
r.




TheRumpledOne
6,411 posts
msg #46471
- Ignore TheRumpledOne		 8/18/2006 2:52:37 PM

Is there any service/website that gives a list of all gap down/up stocks in the morning ?

Just about every platform has a GAP and %Gap columns you can add to your display.

www.quotetracker.com has gap.

You need a real time feed. You can use ISLD or ARCA for free.

HTH.
chetron
2,817 posts
msg #46511
- Ignore chetron
modified		 8/21/2006 2:28:41 PM

/* tachikawa */


just something i noticed with this is that, when i sort on the 20 week high absgap descending, the .7 and higher values were signifiantly more successful than the lesser during the backtesting i did. is this worth noticing?

try this.....

Fetcher[


/* GAP DOWN STREAK COUNTER */
/* gap fill statistics SHORT close, COVER open*/
/* chetronisms */
/* IS 4 A LUCKY NUMBER */

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 1)}
set{gapdn100f, count(gapdnfilled > 0, 1)}

set{gapfilled, gapup100f + gapdn100f}

set{GapDnStr,days(xgapdn equal 0, 100)}


add column GapDnStr
add column Xgapped
add column gappeddn100
DRAW GapDnStr
/* SELECTION CRITERIA */

gappeddn100 above 64
CLOSE ABOVE .40
AVERAGE VOLUME(30) ABOVE 300000

/* profit checker - short only */

set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{LoseSh, Short10 - Short50}

add column LoseSh
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)


/* SORT CRITERIA */

SORT COLUMN 7 DESCENDING

]



AND OF COURSE....

Fetcher[


/* PROFESSIONAL SHORT GAP statistics */
/* WITH CHETRONISMS */

SET{VAR1,LOW 1 DAY AGO}
set{Xgapped, VAR1 - open}
set{Xgapup, count(Xgapped < 0, 1)}
set{Xgapdn, count(Xgapped > 0, 1)}

set{absgap, abs(Xgapped)}

set{RED1, count(close BELOW open, 1) * XgapDN }
set{RED, count( RED1 > 0 , 100) }

set{fake1, count(LOW equal open, 1) * XgapDN }
set{fake, count( fake1 > 0 , 100) }

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}



set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapDN100f, count(gapDNfilled > 0, 100)}



set{gapfilled, gapDN100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedDN100
and add column RED
and add column fake

/* SELECTION CRITERIA */


CLOSE ABOVE .40
average volume(30) above 300000

/* SORT CRITERIA */

SORT COLUMN 6 DESCENDING

]



CAN HE DO IT.....

Fetcher[




/* GAP DOWN STREAK COUNTER */
/* gap fill statistics SHORT close, COVER open*/
/* chetronisms */
/* IS 4 A LUCKY NUMBER */

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 1)}
set{gapdn100f, count(gapdnfilled > 0, 1)}

set{gapfilled, gapup100f + gapdn100f}

set{GapDnStr,days(xgapdn equal 0, 100)}



/* PROFESSIONAL SHORT GAP statistics */
/* WITH CHETRONISMS */

SET{VAR1,LOW 1 DAY AGO}
set{XPgapped, VAR1 - open}
set{XPgapup, count(XPgapped < 0, 1)}
set{XPgapdn, count(XPgapped > 0, 1)}

set{Pabsgap, abs(XPgapped)}

set{RED1, count(close BELOW open, 1) * XPgapDN }
set{RED, count( RED1 > 0 , 100) }

set{fake1, count(LOW equal open, 1) * XPgapDN }
set{fake, count( fake1 > 0 , 100) }

set{Pgappedup100, count(XPgapup > 0, 100)}
set{Pgappeddn100, count(XPgapdn > 0, 100)}

set{Pcl1lo, close 1 day ago - low}
set{Phicl1, high - close 1 day ago }

set{Pfillup, count(Pcl1lo > 0, 1)}
set{Pfilldn, count(Phicl1 > 0, 1)}

set{Pgapupfilled, XPgapup * Pfillup }
set{Pgapdnfilled, XPgapdn * Pfilldn }

set{PgapDN100f, count(PgapDNfilled > 0, 100)}

set{Pgapfilled, PgapDN100f}

/* DRAW PLOTS */

DRAW FAKE
DRAW PGAPPEDDN100
DRAW RED ON PLOT GapDnStr
DRAW XPGAPPED ON PLOT XPGAPPED

/* DISPLAY COLUMNS */

and add column PgappedDN100
and add column RED
and add column fake

add column GapDnStr
add column Xgapped
add column gappeddn100
/* SELECTION CRITERIA */

gappeddn100 above 64
CLOSE ABOVE .40
AVERAGE VOLUME(30) ABOVE 300000

/* profit checker - short only */

set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{LoseSh, Short10 - Short50}

add column LoseSh
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)

/* SORT CRITERIA */

SORT COLUMN 7 DESCENDING


]
TheRumpledOne
6,411 posts
msg #52096
- Ignore TheRumpledOne		 6/9/2007 1:02:13 AM

Pop to the Top
TheRumpledOne
6,411 posts
msg #54815
- Ignore TheRumpledOne		 9/15/2007 12:05:32 PM

Top 25 Cows to Milk

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SFMc01
358 posts
msg #54819
- Ignore SFMc01		 9/15/2007 4:00:47 PM

TRO: I guess I'm the proverbial dummie who needs all explained to me in infinite detail, but, when you say: "Buy at market close, sell at the open the next session."

Are you saying to run this filter near the end of the day, select from the report for that day and buy stocks (not ever sell) before market close to hold over night, and then, sell at the open at market?



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