StockFetcher Forums · General Discussion · Weekly chart to match Daily chart<< 1 2 >>Post Follow-up
snappyfrog
731 posts
msg #160816
Ignore snappyfrog
modified
1/30/2024 10:32:06 PM

I use the following for finding a 5 day low. Scan finds the 5 day low 2 days ago and 1 day ago the low is higher than the 5 day low.

Now I want to do the same thing on a weekly chart, but nothing is working correctly. I want the 5 week low 2 weeks ago and then last week to have a higher low.

Here is the daily scan setup:

Fetcher[
market is not otcbb
market is not etf
price > 3
avgvol(30) > 5000000
optionable

draw low 5 day low
set{var1, count (low above low 5 day low,1)}
draw var1 > .99
and var1 1 day ago < .99
]



The weekly chart doesn't give me the same setup:
Fetcher[
market is not otcbb
market is not etf
price > 3
avgvol(30) > 5000000
optionable
chart-display is weekly

draw low 5 week low
set{var1, count (low above low 5 week low,1)}
draw var1 > .99
and var1 1 week ago < .99
]



snappyfrog
731 posts
msg #160818
Ignore snappyfrog
1/31/2024 7:35:08 AM

I left out a couple "weekly" in the scan, so that may have been the problem.

Some charts still don't look just right, so I will keep checking.

Fetcher[
market is not otcbb
market is not etf
price > 3
chart-display is weekly

draw weekly low 5 week low
set{var1, count (weekly low above low 5 week low,1)}
draw var1 > .99
and var1 1 week ago < .99
]



xarlor
587 posts
msg #160820
Ignore xarlor
1/31/2024 10:06:24 AM

You found 2 of 3 weekly. Put in the third one and it works as you expect.

Trying to make weekly scans work right is like hunting shadows in the dark.

Fetcher[
market is not otcbb
market is not etf
price > 3
chart-display is weekly

draw weekly low 5 week low
set{var1, count (weekly low above weekly low 5 week low,1)}
draw var1 > .99
and var1 1 week ago < .99
]



snappyfrog
731 posts
msg #160822
Ignore snappyfrog
1/31/2024 4:45:47 PM

@xarlor

That is so much better!! Thank you.

snappyfrog
731 posts
msg #160824
Ignore snappyfrog
1/31/2024 10:18:35 PM

Many of the charts look right, but still getting some like this one where it is showing the chart several weeks late. Back to the drawing board.



nibor100
1,045 posts
msg #160826
Ignore nibor100
2/1/2024 2:55:41 AM

I’m not quite following, what part of that chart is late?
Thanks
Ed S

snappyfrog
731 posts
msg #160827
Ignore snappyfrog
modified
2/1/2024 6:21:04 AM

These lines:

set{var1, count (weekly low above weekly low 5 week low,1)}
draw var1 > .99
and var1 1 week ago < .99

should pull up a chart when it has the first red / blue rectangle under the chart.
I included the vertical blue line when this stock should have been picked.

In the example above, it was 3 - 4 weeks prior that the rectangle shows up.

snappyfrog
731 posts
msg #160828
Ignore snappyfrog
2/1/2024 6:57:59 AM

Maybe I am not explaining it well enough. In my first post above, the 5 day low scan pulls up stocks when the low is greater than the 5 day low and the previous day was the 5 day low. I now can look at pre-market to only get into the trades that will open above the close on the charts shown in the scan.

I am trying to do that on weekly charts now to find longer swing trades.

So in the example chart below. I want to run this on the weekends. I need last week to be a higher low than the previous week. That previous week needs to be making a new low. In pre-market on Monday I can only look for those where open Monday will be above the close of Friday.

So I need the chart to show on the scan when the weekly low is higher after a weekly downtrend.

Maybe this would just be easier trying to do it with daily charts?



xarlor
587 posts
msg #160829
Ignore xarlor
modified
2/1/2024 8:40:18 AM

In that case, I would have written it like this:

Fetcher[
market is not otcbb
market is not etf
price > 3

low > low 1 week ago
set{5wl,weekly low 5 week low}
draw 5wl on plot price
low 1 week ago equals 5wl

chart-display is weekly
]





snappyfrog
731 posts
msg #160837
Ignore snappyfrog
2/1/2024 5:10:26 PM

That's looking better, but still getting some like this where the low is below low 1 week ago.

This chart is from Monday as it needs to be run on the weekend.



StockFetcher Forums · General Discussion · Weekly chart to match Daily chart<< 1 2 >>Post Follow-up

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