StockFetcher Forums · General Discussion · MACD Filter Help please<< >>Post Follow-up
mystockid
15 posts
msg #154972
Ignore mystockid
12/16/2020 12:31:26 PM

Hi All,
Please excuse my lack of knowledge for what it's called. But I'll do my best to describe it. I need to know stocks (non OTC and ETFs) with Volume over 1M.

These stocks need to be a the point where the bars on the MACD is at it's maximum length. I need two sets of filters:
One where the stock is on a upward trend for say 7 to 14 days, but the stock is at a point where the MACD red bars are at it's peek length and the very next bar is a reversal (meaning shorter than the previous bar) to continue it's upward trend.

Then the other filter is the reverse version where, the stock is on a downward trend for about 7 to 10 days, but the MACD Green bars are at it's peek length and the very next bar is a reversal to continue the downward trend

Please help. Thank you

xarlor
390 posts
msg #154975
Ignore xarlor
12/16/2020 5:23:31 PM

Hi mystockid! Have you tried writing a filter for any of the different parts? If so, go ahead and post it so I can help you flesh it out. Feed a man a fish, teach him to fish, and all that.

mystockid
15 posts
msg #154994
Ignore mystockid
12/17/2020 2:21:40 PM

Very fair point Xarlor! Wise words...

Here is what I came up with:

Fetcher[ market is not otcbb
market is not etf
And average volume(10)>100000
and MACD Histogram(12,26,9) 2 day ago is Decreasing for the last 5 days
and Keltner Band(10) increasing for last 10 days
]



But it's not doing what I want. I want to find JUST at that point when the histogram of the MACD is at it's down peak, and the very next histogram bar is less than the peak. PLUS I want that to be a stock that is GENERALLY in an upward trugectory. That turn could be the end of a pause in the upward movement where shorts have exited and the stock is ready to continue it's upward motion. (OR NOT)...lol

graftonian
1,071 posts
msg #154995
Ignore graftonian
12/17/2020 4:05:37 PM

@mystockid,
Great start, my 2 cents worth
Fetcher[
market is not otcbb
market is not etf
And average volume(10)>100000 /*100000 or 1000000?*/
and MACD Histogram(12,26,9) 2 dayS ago is Decreasing for the last 5 days
/*You need a line to search for the upturn, such as*/
MACD Histogram(12,26,9) increasing for the last 2 days
and Keltner Band(10) increasing for last 10 days
]



mystockid
15 posts
msg #155000
Ignore mystockid
modified
12/18/2020 1:03:00 AM

Thanks @graftonian
Looks good. However, I tweaked your codes a little. Take a look:

Fetcher[market is not otcbb
market is not etf
And average volume(10)>1000000
and price > 1
and MACD Histogram(12,26,9) 2 dayS ago is Decreasing for the last 5 days
/*You need a line to search for the upturn, such as*/
MACD Histogram(12,26,9) increasing for the last 2 days
/*Keltner has to be decreasing not increasing because with it set to increasing, the turn already happened and is continuing*/
and Keltner Band(10) decreasing for last 5 days
]



I was finding with an increasing Keltner, the turn already happened days ago. So with a decreasing Keltner, and the increasing MACD, I'll see the birth of the hook. All I need to do is wait for conformation, do some thorough research in the company, then buy if both pans out with the appropriate stop loss
Do you agree @Xarlor? I'm sure you can top this. lol

mystockid
15 posts
msg #155001
Ignore mystockid
12/18/2020 1:18:29 AM

Just found FIZZ, that's the perfect setup. Just need to see if it's a good one to jump into.

graftonian
1,071 posts
msg #155004
Ignore graftonian
12/18/2020 9:31:43 AM

FIZZ opened @ 85.88. Got it on a post it note.
Duane

xarlor
390 posts
msg #155008
Ignore xarlor
12/18/2020 10:53:00 AM

graftonian included the Keltner bands going up because one of your requirements was "One where the stock is on a upward trend for say 7 to 14 days". By removing that line, you're getting all stock regardless of their general trend.

I added a line at the end to only give you tickers that are trending up, though it may be for a lot longer than 14 days.

Otherwise, the filter looks like it's doing what you want it to.

Fetcher[
market is not otcbb
market is not etf
And average volume(10)>1000000
and price > 1
and MACD Histogram(12,26,9) 2 dayS ago is Decreasing for the last 5 days
/*You need a line to search for the upturn, such as*/
MACD Histogram(12,26,9) increasing for the last 2 days
/*Keltner has to be decreasing not increasing because with it set to increasing, the turn already happened and is continuing*/
and Keltner Band(10) decreasing for last 5 days
count(close > wma(150),100) > 95
]



StockFetcher Forums · General Discussion · MACD Filter Help please<< >>Post Follow-up

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