StockFetcher Forums · Filter Exchange · Identify stocks which are coming out of the long squeeze and potential to breakout<< >>Post Follow-up
ap09au5616
9 posts
msg #155112
Ignore ap09au5616
12/26/2020 1:43:36 PM

Hi Experts,

Could you please help me in creating a filter using below criteria?

Stocks have been in long squeeze for a week or more (using Bollinger or other indicators)
Potential to breakout
MACD or RSI have been increasing
Increase in volume
Oversold conditions
Buy signal in weekly/monthly charts
Etc..

Thanks in advance.


snappyfrog
731 posts
msg #155114
Ignore snappyfrog
12/26/2020 3:52:12 PM

Per your message:

****Potential to breakout*****
We all have different ways of looking at breakouts, what are yours?

*****MACD or RSI have been increasing*****
Simple enough when we have more info.

****Increase in volume****
Over what period of time?

****Oversold conditions****
What do you consider oversold? Many oscillators that people say are in "oversold" or "overbought" conditions can stay there for a long time.

****Buy signal in weekly/monthly charts****
What kind of buy signals? Monthly charts not available in SF.


Please give us more information to work with, especially a filter that you have tried to put together so we can find some reasoning in your statements to work with here.

ap09au5616
9 posts
msg #155115
Ignore ap09au5616
modified
12/26/2020 5:32:55 PM

Thanks for the response.

My draft filter is like below.

set{BollingerDiff,Upper Bollinger Band(20) - Lower Bollinger Band(20)}
show stocks where BollingerDiff reached a new 1 month low 1 day ago
and draw Bollinger Bands(20)
close above lower Bollinger Line(20,2)
close volume more than Average Volume(30)
close > open
Stochastic %K(15,5,3) below 50
RSI(15) has been increasing for the last 2 days

I am looking for the stocks which are in price range bound for more than a month or so and trend up.

could you please help me in creating that kind of filter?





snappyfrog
731 posts
msg #155116
Ignore snappyfrog
12/26/2020 5:47:18 PM

Making it clickable:

Fetcher[
set{BollingerDiff,Upper Bollinger Band(20) - Lower Bollinger Band(20)}
show stocks where BollingerDiff reached a new 1 month low 1 day ago
and draw Bollinger Bands(20)
close above lower Bollinger Line(20,2)
close volume more than Average Volume(30)
close > open
Stochastic %K(15,5,3) below 50
RSI(15) has been increasing for the last 2 days
]



xarlor
587 posts
msg #155121
Ignore xarlor
12/27/2020 2:24:38 PM

All your conditions are accounted for here, except "oversold". In my experience, tickers that are oversold AND trading sideways are not compatible.

Fetcher[
average volume(30) > 500000

set{BB_squeeze,count(Bollinger Width(20,2) at 52 week low,10)}
set{UBB,count(close > upper bollinger band(20,2),1)}
set{volx,count(volume > average volume(30),1)}
set{macdx,count(MACD Histogram(12,26,9) > MACD Histogram(12,26,9) 1 day ago,1)}
set{rsix,count(RSI(15) > RSI(15) 1 day ago,1)}
set{trigger1,BB_squeeze * UBB}
set{trigger2,trigger1 * volx}
set{trigger3,trigger2 * macdx}
set{trigger,trigger3 * rsix}
trigger > 0
trigger 1 day ago equals 0

draw Upper Bollinger Band(20,2)
draw Lower Bollinger Band(20,2)
draw MACD Histogram(12,26,9)
draw RSI(15)
]



ap09au5616
9 posts
msg #155137
Ignore ap09au5616
12/28/2020 5:12:58 PM

Thanks a lot.

StockFetcher Forums · Filter Exchange · Identify stocks which are coming out of the long squeeze and potential to breakout<< >>Post Follow-up

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