StockFetcher Forums · Filter Exchange · V2 & V1 - Value Zone<< 1 2 >>Post Follow-up
davesaint86
720 posts
msg #158899
Ignore davesaint86
modified
3/27/2022 2:50:55 PM

Here is the V1 & V2 Gossett video.

Gosset stated to me that Kerry Lovvorn told him in reality one could find 1-3 good V1 or V2 setups per week. Below are some of the criteria which separates the good from the bad ones. I should also mention that Gosset looks for a confluence of other buy signals in all of his strategies. For example with a V2 buy signal the MACD may be signaling a buy along with a major moving average cross.

https://www.youtube.com/watch?v=g0NbCVTfvXg&list=PLkb1P7LeRBLLH1hPwxGAKWLQwjjwAyOeO&index=8
During my search I found plenty of V1 and V2 signals.

V1 & V2 Return to Value Zone
Price comes back from above into the Value Zone (+1 & +-1)
Price should consolidate at least two days
Look for a rejection of -1 Keltner line – increases the odds
If the Day 1 bar is larger than 1 ATR do not take the trade – it is a distribution bar
Close above the +1 ATR – which means closing above value
Price comes back from above +1 ATR into the Value Zone (+1 & +-1)
Price should consolidate for at least two days
Look for a rejection of -1 Keltner line
If the Day 1 bar is larger than 1 ATR do not take the trade – it is a distribution bar
The End of the Day Stop is the is a close at the Midpoint of Bar 2 Washout Bar
If the buy bar closes above the +1 ATR channel do not take the trade
Sideways motion leads to trends
V1 and V2 are false breakouts to the downside than reverses (Cause traders to sell their positions)
Valid V2 with good consolidation of three days after coming into the Value Zone from above. The best V1 and V2 signals have no gaps. Gap should gap a ¼ of an ATR or less.





https://www.youtube.com/watch?v=g0NbCVTfvXg&list=PLkb1P7LeRBLLH1hPwxGAKWLQwjjwAyOeO&index=8

nibor100
938 posts
msg #158958
Ignore nibor100
4/10/2022 2:16:19 AM

@davesaint86,

Here is my work in progress Backtest filter for your earlier posted V1 filter and most likely requires the SF advanced subscription to run.

It supposed to show all stocks that had V1s in the past 221 days (just chosen for testing will eventually be 252) and how many times they had a V1 and how many of those V1s were next day winners or next day losers.

The sinctru12 column needs the most work, but you can get a feel for it by sorting the total hits column Ascending and choose to look at a stock that has a sinctru12 # greater than 1. Add 1 to that # and enter it as the Offset number of days in a separate window that contains your original V1 filter when you run your V1 filter on that day that same stock should come up.

Let me know if you have any questions or any other comments,
Ed S.

Fetcher[
set{cl1, count(Average Volume(30) 1 day ago > 499999,1)}
set{cl2, count(close 1 day ago > close 2 days ago,1)}

set{kel1, count(Low 1 day ago is below the Lower Keltner Band(20) 1 day ago,1)}
set{kel2, count(close 1 day ago is above the lower keltner band(20) 1 day ago,1)}

set{Tru1, cl1 * cl2 }
set{Tru2, kel1 * kel2 }
set{Tru22, tru1 * tru2 }

set{atr25, atr(20) 1 day ago * 0.25}
set{alow, low 1 days ago minus atr25 1 day ago}
draw alow on plot price

draw Keltner Band(20)
chart-time is 1 year

set{TruP, count(price 1 day ago > 10,1)}
set{TruAlow, count(low 1 day ago below alow 1 day ago,1)}
set{Tru200, trup * trualow }
set{Tru300, tru200 * tru22 }

set{var1, close - open}
set{var2, var1 / open}
set{var3, var2 * 100}

/*date offset is 5/21/2021*/

set{var30, opcl%}
set{var4, count( opcl% is between 0 and 100, 1)}
set{var6, count( var30 is between -100 and 0, 1)}
set{Tru12, tru300*var4 }
set{var5, count(tru12 > 0 ,221)} and add column var5 {next day winners }
set{Tru13, tru300*var6 }
set{var8, count(tru13 > 0 ,221)} and add column var8 {next day losers }

set{var20, var5 + var8} add column var20 {total hits }
and sort column 7 descending
var20 > 0

set{var7, Tru12*opcl% } draw var7
set{var9, Tru13*var30 } draw var9

set{SincTru12,-1 + days(var5 <= 0 ,221) } add column SincTru12
]




davesaint86
720 posts
msg #158966
Ignore davesaint86
modified
4/10/2022 5:10:09 PM

https://www.tradingview.com/x/XdVGeph3/
https://www.tradingview.com/x/6jXD1RHS/
https://www.tradingview.com/x/csFGjZ7X/
https://www.tradingview.com/x/nM1hIM8b/
https://www.tradingview.com/x/WsgQWD66/
https://www.tradingview.com/x/6288O3ik/

Nice.

There are Return to Value V1 / ss and Higher Low V1 /V2s. The criteria for both are shown in the links, along with examples I've created with notes.

With Return to Value V1/V2s, price moves into the Value Zone (between the +1 and -1) ATR bands from above. Price is supposed to consolidate at least two days before a new V1/V2 are created. I was not able to figure out how to add this to the filter, which is important to see. So the current V1 and V2 filters return many invalid signals so I think the filters need to be corrected. However, what is funny, is that I've been monitoring the invalid signals and many still spike up for at least one day.

With the Higher-Low V1/V2s price comes into the Value Zone from below. No consolidation is needed, just the spike-down candle needs to be a higher-low.

Davesaint

davesaint86
720 posts
msg #158967
Ignore davesaint86
modified
4/11/2022 10:36:56 AM

https://www.tradingview.com/x/JVUVS5Nz/

Here is a valid (if it closes like this by the end of the day) Return to Value V1 trades. Price also bounced off the 50(MA).

nibor100
938 posts
msg #158974
Ignore nibor100
4/12/2022 7:15:06 PM

Looks like it just missed being a V1 yesterday and can’t be a V2 today because of a large gap up?
Thanks
Ed S.




davesaint86
720 posts
msg #158975
Ignore davesaint86
4/12/2022 7:41:16 PM

Correct. It still popped over 5% today before going back down.

StockFetcher Forums · Filter Exchange · V2 & V1 - Value Zone<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2022 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.