BullsMakeMoney
12 posts
msg #61256
- Ignore BullsMakeMoney |
4/9/2008 2:20:55 PM
I am looking for help with a filter that searches for stocks that exhibit these three components in one day.
1. New low spike on RSI(2) N number of days
2. New high spike on ATR(14) N number of days
3. Volume at least 3 times the average daily volume N number of days
Thanks
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nikoschopen
2,824 posts
msg #61260
- Ignore nikoschopen |
4/9/2008 3:01:43 PM
Semantics is like a dirty old hag when it comes to codes. You can never figure out what the wretch is saying. In that regard, can you give a reasonable definition for what you mean by a "spike"?
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BullsMakeMoney
12 posts
msg #61300
- Ignore BullsMakeMoney |
4/10/2008 3:24:30 PM
I apologize. I would like to define spike as over 3 times the normal level if that is possible. Or highest level in 90 days.
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nikoschopen
2,824 posts
msg #61309
- Ignore nikoschopen |
4/10/2008 4:50:47 PM
Thanks for clearing that up for me. However, you should note that when the market is in a nosedive, RSI(2) usually remains well under 20 for days. It's not like RSI(2) drops from 80 one day to 10 another.
For ure efforts, I'm throwing in a "hammer" formation as an added bonus (of course, for a very limited time). lol
Enjoy!
How this filter would have fared over the last 5 days:
Now the same filter with a "hammer" that might signify a v-reversal:
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BullsMakeMoney
12 posts
msg #61356
- Ignore BullsMakeMoney |
4/11/2008 10:11:20 AM
THANK YOU! I just want to find stocks like MRK, that exhibit capitulation on over reactive selling that I can put on my watchlist and wait to see if the stock puts in an island reversal and fades the gap. The hammer you added in there was beautiful.
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money123
19 posts
msg #61576
- Ignore money123 |
4/17/2008 11:28:08 PM
when is a good time to run this filter thanks i am trying to find stocks that spike down and go up the same day
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2ManyStocks
5 posts
msg #61759
- Ignore 2ManyStocks |
4/23/2008 7:59:07 PM
thanks Niko, u do awesome work!
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