StockFetcher Forums · Filter Exchange · Explosive Stock Breakout<< >>Post Follow-up
rgosrani
2 posts
msg #156805
Ignore rgosrani
5/14/2021 10:28:23 AM

hi, I am trying to create a scan with linear regression slope, I am getting some good results, but I want to get stocks hitting the scanner when they are coming out of consolidation and about to breakout
here is the scripts that I am trying and few stocks that broke out recently (in last 3-6 months) and returned more than 100% in very short amount of time.. goal is to capture those very selective few stocks before they breakout..
ideally I see that best entry point is when linear regression scope is at or below 0.02 or 0.03.. however I am not able to get the scan that can find that are breaking out but they are below 0.02 or 0.03 for LRS(45)

I would like to add screenshot of the chart , but I don't see a way to do there..
appreciate if anyone can help

/*symlist (MOXC, MARA, RIOT, FUTU, SI, BTX, TKAT)*/
high is above 14 day high 1 day ago and lrs(45) is > 0 and ma(4) crossed above upper keltner band(14) and 14 day slope of rsi(14) is below 30 and linear regression(45) slope reached a new 6 month high
and close is between 1 and 22
and volume > 80000
add column lrs(45)



push5280
176 posts
msg #156808
Ignore push5280
5/14/2021 8:35:01 PM

I added in a count of days that cma(rsi(5), 45) is above 50. When it crosses 50 it starts an uptrend of varying degrees. It may help. You can adjust the lrs(45) level

Fetcher[
/*symlist (MOXC, MARA, RIOT, FUTU, SI, BTX, TKAT)*/

high is above 14 day high 1 day ago
and lrs(45) is > 0 and ma(4) crossed above upper keltner band(14)
and 14 day slope of rsi(14) is below 30 and linear regression(45) slope reached a new 6 month high
and close is between 1 and 22
and volume > 80000
add column lrs(45)
set{rsi5_50, count(cma(rsi(5),45) > 50, 1)}
draw rsi5_50
]



rgosrani
2 posts
msg #156810
Ignore rgosrani
5/15/2021 2:06:04 PM

thank you @push5280 , appreciate your update -
I will do some back testing.. .


push5280
176 posts
msg #156817
Ignore push5280
modified
5/15/2021 7:55:08 PM

I commented out everything but the rsi(5) cma, I think if you can find the consolidation, the piece I added will help you find some nice moves.
Fetcher[
symlist (MOXC, MARA, RIOT, FUTU, SI, BTX, TKAT)

/*high is above 14 day high 1 day ago
and lrs(45) is > 0 and ma(4) crossed above upper keltner band(14)
and 14 day slope of rsi(14) is below 30 and linear regression(45) slope reached a new 6 month high
and close is between 1 and 22
and volume > 80000
add column lrs(45)*/
set{rsi5_50, count(cma(rsi(5),45) > 50, 1)}
draw rsi5_50
]



TITrader
6 posts
msg #157495
Ignore TITrader
9/3/2021 6:51:08 PM

I am new here and thanks for sharing your filter. Are you getting more results on your scans or just a few? Tried scanning and two tickers come back atm.

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