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Filter Exchange · Buy high, sell higher
JoeyVinyl
msg #155875
2/19/2021 10:41:21 PM

I thought of that title before reading Snappyfrog's PVI and Penny Stocks post where he uses that phrase. It's not a bad philosophy these days. Properly timing a dip is difficult, for me at least, so why not take advantage of the momentum of something that's already going up?

This is a reworked version of one of my old filters. it shows you what's been hitting new 10 day highs and how often that's been hit in the last 10 days. Week1 is the most recent five day stretch while week2 is the previous.

Fetcher[
market is not ETF
market is not OTCBB

set {10dh, high 10 day high}
set {hits, count(high reached new 10 day high,10)}
set {week1, count(high reached new 10 day high,5)}
set {week2, hits - week1}
set {diff, 10dh - close}
set {difpct1, close / 10dh}
set {difpct, difpct1 * 100}

Show stocks where close is between 5 and 100
and high reached a new 10 day high in the last five days
and Average Volume(30) is > 100000
and Average Volume(30) is > Average Volume(30) 1 month ago
and PVT(20) is above Average PVT(20)

draw PVT(20)

add column 10dh
add column separator
add column hits
add column week1
add column week2
add column diff {hi-cl}
add column difpct {close%}
add column separator
add column industry
add column sector
sort column 7 descending
]



Filter Exchange · Screen for Relative Price Strength (RS) Rating above 95 like marketsmith
JoeyVinyl
msg #155010
12/18/2020 11:27:57 AM

One way is to add the line:

rsavg > 1

That will only show you stocks with a relative strength equal greater than the index. Then you want to add the lines:

add column rsavg
sort column 5 descending

The four basic columns that you can't change (but you can sort on) are Symbol, Last, Chg(%), and Vol. When you add a column it becomes the fifth one, so by sorting on the fifth column you'll see the highest RS stocks first.

Keep in mind, a high RS doesn't mean the stock price is moving higher. It just means the stock is doing better than the index you're comparing it to. If the index is dropping the stock may also be dropping but at a lower rate.

General Discussion · Is there a way to successfully predict which stocks will have "juice" going forward?
JoeyVinyl
msg #154977
12/16/2020 6:43:58 PM

I could be wrong, but I don't think there are any filters we can create here that will meet your needs well enough. Having said that, there is at least one thing you can filter for here that might help. That would be relative strength against the SPY and QQQ. Stocks or ETFs that have a high RS compared to those indexes are (in my layman's opinion) likely to be more volatile

Other than that I think your best bet would be using your trading platform to look for either gaps or unusual volume overnight, then checking for news about those stocks or ETFs to see what might be causing the jumps.

Filter Exchange · Screen for Relative Price Strength (RS) Rating above 95 like marketsmith
JoeyVinyl
msg #154976
modified
12/16/2020 6:28:13 PM

I don't know what they're measuring the RS against so this might not help. You might also have to make a watchlist of their stocks to use in a filter. I have something I call my Base Code to measure RS against four different indexes and create an average. I use it in all my filters because I think RS is useful, but that might just be me.

Fetcher[
/* RELATIVE STRENGTH & SCORE */
set {rs1, relative strength(^INX,28)} /* S&P 500 Index */
set {rs2, relative strength(^DJIA,28)} /* Dow Jones Industrial Average */
set {rs3, relative strength(^RUT,28)} /* Russell 2000 */
set {rs4, relative strength(^IXIC,28)} /* NASDAQ Composite */
set {rsavg1, rs1 + rs2}
set {rsavg2, rs3 + rs4}
set {rsavg3, rsavg1 + rsavg2}
set {rsavg, rsavg3 / 4}

add column rsavg
]



Filter Exchange · New Member - Share your filters - cannot scann through 100 pages
JoeyVinyl
msg #153739
8/25/2020 9:08:07 PM

There's almost 20 years of posts here. I get that you can't scan through all of them. I don't think any of us have the time to do that either. Granted this is just my opinion, but you've got to do some work other than just asking for filters. If you're looking for a certain trading style, like fading gaps or chasing breakouts, it would be easier if you used the search bar to search the forums. It's the same if you like certain indicators, like Bollinger Bands or RSI.

At the very least tell us more about things like your trading style and time frames. Are you day trading or swing trading? Or do you have a longer time frame in mind? What about your style? Do you prefer candlestick patterns or other indicators? Just because someone might be making money with a filter doesn't mean it'll work for you.

Filter Exchange · This might be impossible
JoeyVinyl
msg #153738
8/25/2020 8:57:33 PM

Robert,

Very interesting filters. Thank you for sharing them. I'd been wondering how you found things that were range bound. Best of luck to you.

Filter Exchange · Need advice on Bollinger Width
JoeyVinyl
msg #153501
8/10/2020 6:23:49 PM

@Xarlor

What you're saying about not using an absolute value makes sense. I don't remember where I read about this strategy, but the basic idea was that when the bands suddenly start getting wider, farther apart, after they've been in a fairly narrow range for a while, it could be a breakout signal. I had hoped that by using a percent instead of a specific number I could catch some of those but it wasn't working the way I thought it might. I'll give yours a try and I do appreciate the help.

Filter Exchange · Need advice on Bollinger Width
JoeyVinyl
msg #153499
8/10/2020 6:11:16 PM

@Cheese

That second one looks good. Thanks!

Filter Exchange · Where has Graftonians Hull moving avg post gone to????
JoeyVinyl
msg #153486
8/9/2020 2:42:09 PM

Cheese,

Cool! Thanks! I knew there had to be a way but I couldn't find it. I appreciate the help.

Filter Exchange · Where has Graftonians Hull moving avg post gone to????
JoeyVinyl
msg #153477
8/8/2020 11:07:18 PM

How do you "un-ignore" someone if you did ignore them, accidentally or otherwise?

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