StockFetcher Forums · Filter Exchange · Price Coming Off of a PVI Low<< 1 2 3 4 5 >>Post Follow-up
snappyfrog
309 posts
msg #152531
Ignore snappyfrog
6/7/2020 7:27:36 AM

I am using this on penny stocks also. I only use smaller amounts on these trade as penny stocks can blow one's account up fast.

MVIS chart as an example:



snappyfrog
309 posts
msg #152532
Ignore snappyfrog
6/7/2020 8:23:00 AM

Here are both filters cleaned up:

Fetcher[
market is not otcbb
market is not etf
price is > 5
Average Volume(30) > 5000000
optionable

set{obv10ma, cma(obv,10)}
set{plotobv, obv}
set{ema_13, count (close > ema(13),1)}
set{obv_up, count (plotobv > plotobv 1 day ago, 1)}
set{pvi_22, count (pvi > pvi 22 day low, 1)}
set{sum1, ema_13 + obv_up}
set{sum2, sum1 + pvi_22}
and sum2 > 2.99

and draw ema(13)
and draw ema(30)
and draw plotobv
and draw obv10ma on plot plotobv
and draw pvi 22 day low on plot pvi
and draw CMA(PVI,22) on plot PVI
and draw ADX(14)
and +DI(14) > +DI(14) 1 day ago
and draw Slow Stochastics Fast %K(10) < 70
and Slow Stochastics Fast %K(10) > Slow Stochastics Fast %K(10) 1 day ago

add column separator
add column sector
add column industry
add column separator
add column RSI(14)
add column ATR(14)
add column Average Volume(30)
sort column 10 ascending
]




Penny Filter

Fetcher[
market is not otcbb
market is not etf
price is between .1 and 3
Average Volume(30) > 500000

set{obv10ma, cma(obv,10)}
set{plotobv, obv}
set{ema_13, count (close > ema(13),1)}
set{obv_up, count (plotobv > plotobv 1 day ago, 1)}
set{pvi_22, count (pvi > pvi 22 day low, 1)}
set{sum1, ema_13 + obv_up}
set{sum2, sum1 + pvi_22}
and sum2 > 2.99

and draw ema(13)
and draw ema(30)
and draw plotobv
and draw obv10ma on plot plotobv
and draw pvi 22 day low on plot pvi
and draw CMA(PVI,22) on plot PVI
and draw ADX(14)
and +DI(14) > +DI(14) 1 day ago
and draw Slow Stochastics Fast %K(10) < 70
and Slow Stochastics Fast %K(10) > Slow Stochastics Fast %K(10) 1 day ago

add column separator
add column sector
add column industry
add column separator
add column RSI(14)
add column ATR(14)
add column Average Volume(30)
sort column 10 ascending
]



Cheese
938 posts
msg #152537
Ignore Cheese
6/7/2020 11:40:30 AM

snappyfrog 6/7/2020 7:18:32 AM

I am following the PVI for potential entries. Why? I don't have the information that the institutional or NVI buyer have, so I can't compete with them. However, I can use the PVI or retail trading information to my advantage. If I can jump in the retail trading early enough, I can scalp wins as the price is driven upwards or possibly get some short to longer term swing trades.

Ideally, about March 17th, when the NVI flat lined and PVI was moving upwards was when the real action started. I am not good at getting in at the "ideal" time, but scans are putting me into these trades before the price frenzy begins. As a swing trader, that is all I can hope for in a trade.
==================================================================================

@snappy,
Your explanation is one of the best that I've read.
Thank you.

Cheese
938 posts
msg #152539
Ignore Cheese
6/7/2020 11:47:54 AM

@snappy,

Your filter has 6 conditions, so your cleaned up version could have had sum5 instead of sum2.
Does that mean the three conditions in sum2 are more somehow important than the other three?
If you don't mind, could you please elaborate?
Thank you.

snappyfrog
309 posts
msg #152545
Ignore snappyfrog
modified
6/7/2020 6:54:35 PM

Yes, you are correct. I could have just summed them all up. I need to do it one way or the other I guess so it looks better. But, in any case, all of the conditions must be met.

I originally set this up for the sum conditions and as time went on I added the other conditions trying to tighten up the signal to a better spot without as many headfakes.

JoeyVinyl
120 posts
msg #152557
Ignore JoeyVinyl
6/8/2020 12:50:51 PM

@snappyfrog

The explanation of what you're trying to do that Cheese shared makes sense. I've been playing around with filters using NVI and PVI but don't have anything I'd trade off of yet. Thanks for sharing your ideas!

snappyfrog
309 posts
msg #152692
Ignore snappyfrog
6/20/2020 11:30:52 PM

True penny filter variation of this PVI filter. This limits the number of hits. Over the last month there were 37 hits with 5 that failed to make money for an 86.5% win rate. The largest winner if you sold at dead top (nearly impossible) bought at 0.44 and max price 7 days later was 2.47 (if I remember correctly) for a profit of 456.8%

Fetcher[
market is not otcbb
market is not etf
price is between .01 and 1
Average Volume(30) between 50000 and 500000
set{obv10ma, cma(obv,10)}
set{plotobv, obv}
set{ema_5, count (close > ema(5),1)}
set{obv_up, count (plotobv > plotobv 1 day ago, 1)}
set{pvi_22, count (pvi > pvi 22 day low, 1)}
set{sum1, ema_5 + obv_up}
set{sum2, sum1 + pvi_22}
and sum2 > 2.99
and draw ema(13)
and draw ema(30)
and draw pvi 22 day low on plot pvi
and draw PVI crossed above CMA(PVI,22)
and +DI(14) > +DI(14) 1 day ago
do not draw ADX(14)
and draw Slow Stochastics Fast %K(10) < 70
and Slow Stochastics Fast %K(10) > Slow Stochastics Fast %K(10) 1 day ago
add column separator
add column sector
add column industry
add column separator
add column RSI(14)
add column ATR(14)
add column Average Volume(30)
sort column 10 ascending
]



nibor100
604 posts
msg #152698
Ignore nibor100
6/21/2020 4:40:12 PM

@Snappyfrog,

A large part of it might just be the universe of stocks that your basic criteria of the first 4 lines of your filter carves out of the overall market.

I ran a filter with just those 4 lines and observed the following:

1 month ago returns 119 stocks, 16 were losers, 18 ended with gains > 100% largest 1,563%
3 weeks ago returns 102 stocks, 9 were losers, 12 ended with gains > 75%
2 weeks ago returns 83 stocks, 30 were losers, 13 ended with gains > 50% largest 202%
1 week ago returns 73 stocks, 27 were losers, 9 ended with gains > 25% largest 162%

I did not check for their highest highs during those 4 periods but I suspect some that ended as losers might have had gains at some point as it seems to be bit of a volatile group.

Thanks,
Ed S.



snappyfrog
309 posts
msg #152699
Ignore snappyfrog
6/21/2020 8:34:51 PM

Nibor100, I agree it just may be the universe of stocks. Results for stock $5 and above are not as good. I wish they were, I would be playing options with them.

I also have found that many of those that show negative actually made money at some time. Also, I don't enter if there is a gap up on the day of entry.

StockFetcher Forums · Filter Exchange · Price Coming Off of a PVI Low<< 1 2 3 4 5 >>Post Follow-up

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