StockFetcher Forums · Filter Exchange · Gap Filled Question<< 1 2 >>Post Follow-up
taylorsk
106 posts
msg #83814
Ignore taylorsk
12/4/2009 9:19:56 AM

I hope someone can help.

I have no problem identifying stocks that have gapped 10 - 25%.

My problem is I would like to build a filter that would tell me when the gap has been filled and the 5ema turns up.

So for example.

AGO
Gapped up Nov 17th.
Gap is now filled

I wold like build a filter that identifies the gap and then shows only stocks that have filled the gap and ticked up and the 5 ema has now turned up.

Any suggestions?



taylorsk
106 posts
msg #83879
Ignore taylorsk
12/5/2009 10:39:40 AM

Still trying to figure this out. Have been thinking about it.

Can a filter reference a filter? I have created a filter to identify stocks that have gapped 10 - 30%. Quite simple.

close is above 5
close is below 40
open is more than 10% above close 1 day ago
open is less than 30% above close 1 day ago
and add column close 1 day ago
close is >1% above EMA(200)
and Volume above 500000

Now how do I find stocks that have have approached the prior day close (within 1% of filling the gap) and have now turned up?

Coudl I create a fillter that referenced this prior day close? Right now I am just compiling the list and then setting up alerts on my trading platform and manually checking for the stocks to tick up.







chetron
2,817 posts
msg #83880
Ignore chetron
modified
12/5/2009 10:58:25 AM

SOMETHING.....


Fetcher[

/* GAP DOWN ONLY */
SET{VLO1,LOW 1 DAY AGO}
SET{VAR1,DAYS(HIGH CROSSED BELOW VLO1,100)}

EMA(5) ABOVE EMA(5) 1 DAY AGO
EMA(5) 2 DAY AGO ABOVE EMA(5) 1 DAY AGO
VAR1 BELOW 200
CLOSE ABOVE .1
VOLUME ABOVE 1000000
]



taylorsk
106 posts
msg #83883
Ignore taylorsk
12/5/2009 11:50:16 AM

Hi Chetron,

Thanks for following up.

This will only show me stocks that fill the gap the next day. I am interested in stocks that may take days to fill the gap. Check out the chart and explanation below. Is there a method to determine where price has come to within 1% of the close prior to the gap even if it was days later?

Again any help would be apprecciated. I can't figure out how on earth I could possibly do this. perhaps it cannot be done.





http://www3.stockfetcher.com/sfchart/931655911.png


chetron
2,817 posts
msg #83884
Ignore chetron
modified
12/5/2009 12:11:55 PM

ACTUALLY, MY FILTER GIVES YOU THE WINDOW GAP HISTORY, NOT FILLS, NOT JUST NEXT DAY.

RY IS STILL OPEN, IT NEVER CLOSED THE GAP, WHY WEREN'T YOU INTERESTED IN 2 SEPT 09?

AND ACTUALLY, THIS FILTER GETS RY ALSO ON 29 OCT 09 AND 3 NOV 09...
REMOVED 10 PERCENT THINGY, NOT PRATICAL AS IS...
cleaned up the name calling....


Fetcher[
/* GAP UP ONLY */

SET{Vhi1,HIGH 1 DAY AGO}
SET{VAR1,DAYS(LOW ABOVE Vhi1,100)}

EMA(5) ABOVE EMA(5) 1 DAY AGO
EMA(5) 2 DAY AGO ABOVE EMA(5) 1 DAY AGO
VAR1 BELOW 200
CLOSE ABOVE .1
VOLUME ABOVE 1000000
]



taylorsk
106 posts
msg #83886
Ignore taylorsk
12/5/2009 1:26:51 PM

Good call. I pulled up the historical and yes this is what I am looking for!

I select minimum 10% gap as I am interested in stocks that make signifigant gaps. I am not intersted in stocks that gap 2 or 3%. Basically I will look for stocks that gap(usually around earnings) fill the gap and then turn. I will look to capture 80% of the gap as a conservative target.

You are correct though. The sept date is a good entry too for this method.

Thasnk for your help. I guess I should have spent more time in Math class than the parking lot as a kid!

chetron
2,817 posts
msg #83888
Ignore chetron
12/5/2009 1:55:36 PM

GLAD TO HELP...

taylorsk
106 posts
msg #83890
Ignore taylorsk
12/5/2009 2:10:39 PM

Hate to take advantage of your generous support and help so far, but how would I add in the 10 - 30% gap range? I have tried but it seems to make the filter default to yesterday. only providing results for yesterday and not historical as it was acting before.

On most stocks there are just too many small gaps indicated that I would not be interested in trading. This filter returns over 200 results so I want to get it down to a managemble could by tightening up the requirements.

I am noew to this set theory and am trying to learn but man...when you have a specific thing you are trying to accomplish as a newbie and can't figure it out it is frustrating.

Again thanks so much for your help thus far I will continue to try and figure it out on my own.

I am guessing the DAYS value you use is what allows it to look back over the window?

Thanks,



chetron
2,817 posts
msg #83891
Ignore chetron
modified
12/5/2009 2:33:03 PM

HOW ABOUT....
I DID THE 9.7 PERCENT BECAUSE RY WAS NEVER 10 PERCENT NO MATTER HOW YOU CUT IT, AND I GAVE IT A VERY GENEROUS CUT..... = )
OOPS...

Fetcher[
/* GAP UP ONLY */

SET{Vlo1,LOW 1 DAY AGO}
SET{Vhi1,HIGH 1 DAY AGO}
SET{VAR2A,HIGH / Vlo1}
SET{VAR1,COUNT(LOW ABOVE Vhi1,1)}
SET{VAR2,COUNT(VAR2A ABOVE 1.097,1)}
SET{VAR3,VAR1 * VAR2}
SET{VAR4,DAYS(VAR3 ABOVE .5,100)}

EMA(5) ABOVE EMA(5) 1 DAY AGO
EMA(5) 2 DAY AGO ABOVE EMA(5) 1 DAY AGO
VAR4 ABOVE .5
CLOSE ABOVE .1
VOLUME ABOVE 1000000

]



taylorsk
106 posts
msg #83893
Ignore taylorsk
12/5/2009 3:02:02 PM

Still too many entries, but I see where you are going. I will continue to work at it and when I get it I will post it here.

Thasnk for providing this code so I have at least an idea of what is possible here.

Thasnk,

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