StockFetcher Forums · Filter Exchange · \$volume << 1 2 3 >>Post Follow-up
calhawk01
135 posts
msg #78109
Ignore calhawk01
8/27/2009 4:24:30 PM

sure is. thanks guys

calhawk01
135 posts
msg #78110
Ignore calhawk01
8/27/2009 4:41:18 PM

Fetcher[
set {dollars,CLOSE * average volume (32)}
sort column 5 descending
price > .05
price < .50
and dollars > 100000
draw CLOSE 32 day low on plot price
and Momentum(12) has been increasing for last 2 days
]

 evo3481 postsmsg #78211- Ignore evo34 8/29/2009 5:24:50 AMI have the same question the OP had. How can I check for average dollar volume in a filter? The mentioned solutions simply multiply avg. volume (in shares/day) by the most recent close price. This is only accurate if the stock price has not moved much during the period. I.e., for trending stocks, this number will not be very accurate at all. For now, I use average volume (30)*MA(30), but that is still a pretty rough estimate. StockFetcher should add Average Dollar Volume(days) as a variable. It's one of the most fundamental criteria to look at when evaluating whether a stock is worth trading.
trendscanner
265 posts
msg #78219
Ignore trendscanner
8/29/2009 10:57:09 AM

You might also want to use the MFI indicator since it does what you're interested in doing (multiplying price by volume).

The way it calculates MFI is (from Stockcharts.com):

Typical Price = ( (Day High + Day Low + Day Close) / 3)
Raw Money Flow = (Typical Price) x (Volume)
Positive Money Flow = Sum of Raw Money Flow for the specified number of periods where Typical Price increased
Negative Money Flow = Sum of Raw Money Flow for the specified number of periods where Typical Price decreased
Money Ratio = (Positive Money Flow / Negative Money Flow)

Finally, the MFI can be calculated directly from the Money Ratio:

Money Flow Index = 100 - (100 / (1 + Money Ratio))
The fewer number of days used to calculate the MFI, the more volatile it will be.

I run a screen with it a few times a week to look for up and coming, fast growing small caps.

Fetcher[
Show stocks where the MFI(15) has reached a new 6 month high
and close is between 0.50 and 20
and average volume(30) is between 30000 and 1000000
]

It occasionally turns up some companies I'm interested in.

DMOBRIEN
355 posts
msg #78220
Ignore DMOBRIEN
8/29/2009 11:23:42 AM

How about setting it up on 32 days where the filter tracks the money (dollar) trendline at it's low on the graph and shows positive divergence as the williams %R increases showing strength. Or it can be done with rsi (2) weekly or both. It seems like it may reveal strength before the money (and stock price) follow.

DMOBRIEN
355 posts
msg #78221
Ignore DMOBRIEN
8/29/2009 11:41:27 AM

Maybe ... but where's Chet?

Fetcher[
set {dollars, * average volume (32) * ma (32)}
sort column 5 descending
price > .05
price < .50
and dollars > 100000
draw CLOSE 32 day low on plot price
and Momentum(12) has been increasing for last 2 days
]

still need to show dollars at low point on graph and rsi(2)/weekly williams %r increasing

DMOBRIEN
355 posts
msg #78222
Ignore DMOBRIEN
8/29/2009 11:52:56 AM

Examples would be VSTN or NRGN as test. Weekly williams steadily increasing but money and price still low on plot. Will they follow?

chetron
2,817 posts
msg #78231
Ignore chetron
8/29/2009 2:11:48 PM

I JUST DON'T GET WHAT YOU ARE SAYING. VSTN POS DIVERGENCE??????????? WHEN??????????

FYI, LOSE THE 1ST "*" , IT'S NOT HELPING.

DMOBRIEN
355 posts
msg #78249
Ignore DMOBRIEN
8/30/2009 2:09:31 AM

I'm looking for stocks where the williams %R, the rsi(2) and the money trendline are bottomed out. Then the williams %r/rsi (2) begin to increase but the money trendline does not (it lags). They begin a positive slope but the money trendline stays bottomed out. The money trendline then follows their lead and begins to slope up.

DMOBRIEN
355 posts
msg #78250
Ignore DMOBRIEN
8/30/2009 2:23:22 AM

Look at FRP. On 8/14 weekly williams @ -93.64, and on 8/21 it's at -78.55. However the dollars stay bottomed out on the chart.
Then on 8/26-8/27 it runs from .46 to 1.25 with the graph showing the dollar increase now catching up with the williams lead.

 StockFetcher Forums · Filter Exchange · \$volume << 1 2 3 >>Post Follow-up

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