StockFetcher Forums · Filter Exchange · Pocket Pivot Scan<< 1 2 3 >>Post Follow-up
xarlor
562 posts
msg #152472
Ignore xarlor
6/4/2020 5:29:22 PM

nibor,

"only count the pocket pivot if the stock closes in the upper 62% of the day's price range"

My code:

close > day position(0.62,1)

was actually counting stocks that closed in the upper 38%. Whoops!

Also:

The low on the day of the pivot must be within 1.4% of the 10-day SMA or the price must have moved up through the 10-day during that day

Again, I didn't even realize what it was asking (within 1.4% on either side, not just below) until I saw your correction. Also, I should have studied the ToS code which I didn't

So glad you catch these things. Besides keeping me honest, it highlights things I need to work on, i.e. word problem interpretation and reading all available information before submitting my response.

:O

A sincere thank you, nibor.

kmadnani
17 posts
msg #152473
Ignore kmadnani
6/4/2020 5:59:19 PM

Sincere thanks to both xarlor and nibor. It was a complex scan to parse through. Both TOS and SF are now in sync with respect to the results and show the same outputs.
This Pocket Pivot scan was in high demand since its got a lot of subjectivity in terms of implementation in code. If one looks at the scans from mid May I believe people will be happy to see that in such an environment the results of proper entries using the PP triggers can be very profitable. I would also recommend that users review the free 30 day delayed reports on gilmoreport.com to get additional reinforcement from the original practitioners and developers of the PP methodology. Its to their credit that this has come to fruition. Their reports can train reading of PP alerts and filtering further high probability opportunities.

StockFetcher Forums · Filter Exchange · Pocket Pivot Scan<< 1 2 3 >>Post Follow-up

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