byebyemoney
31 posts
msg #149249
- Ignore byebyemoney |
9/28/2019 3:38:14 PM
This is my best filter to detect breakouts. If it gives you a warning that you need the advanced subscription, simply click the filter to bring it up in the editor and click on "Fetch Stocks" button twice. It should populate the second time.
This filter detects breakouts by finding the 10 day high within 10 days and a 20 day high within 60 days and calculating the value if a trendline were to connect those two highs and extend it till today. After it calculates that it pulls up any stocks that has a close that crossed above that value. Hope this helps. Only finds descending trendlines
Any comments would be helpful or modifications
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nibor100
1,046 posts
msg #149251
- Ignore nibor100 |
9/30/2019 11:22:23 AM
@byebyemoney,
First, Thanks for making me aware of the "varOffset(, )" command it should prove to be very useful.
Regarding your filter,
a. it seems everything starts 3 days ago for some reason, can you explain why? as the 10 day high within 10 days is kind of within 13 days ago, etc.
b. it appears you are filtering for Ipeak as both >3 and >0, I suspect SF is only using one of them.
c. The variable GapDay and xdiff seem to be the same value, you can probably simplify your filter by using the same variable name in all places those 2 are named.
Thanks,
Ed S.
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snappyfrog
731 posts
msg #149256
- Ignore snappyfrog |
10/1/2019 5:54:36 PM
Results have been very promising.
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byebyemoney
31 posts
msg #149271
- Ignore byebyemoney |
10/2/2019 7:39:51 PM
@nibor100
Thanks for the response!
a. it seems everything starts 3 days ago for some reason, can you explain why? as the 10 day high within 10 days is kind of within 13 days ago, etc.
This is a good question. I do this as part of my tweaking. I want to find a 10 day high a couple days from today. This really is just to give some space for the highs to form. But you are more than free to remove that, but you will have to also remove the offset or adjust the offset to whatever days away you want the filter to start looking for highs.
b. it appears you are filtering for Ipeak as both >3 and >0, I suspect SF is only using one of them.
Ah yes good catch. the ipeak>0 was there when I wasn't doing the days away from the previous question. SF considers today to be -1 so I had that in there so it would exclude any results that used today in it's calculation.
c. The variable GapDay and xdiff seem to be the same value, you can probably simplify your filter by using the same variable name in all places those 2 are named.
This i'm not too sure of. That would be a good suggestion but for me it was helpful to have a variable specifically named just to calculate the distance between the two highs that were being used.
hope that helps and thanks for your suggestions. Let me know if you want this same filter looking for breakdowns instead of breakouts
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onderoz
1 posts
msg #149316
- Ignore onderoz |
10/9/2019 2:40:59 PM
can you explain how to use it to a NOOB? when to enter with to a stock with this screen
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Nobody
404 posts
msg #150894
- Ignore Nobody |
2/24/2020 2:37:32 PM
yes please - Care to explain THANK YOU!
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vmittal
13 posts
msg #153350
- Ignore vmittal |
8/1/2020 4:37:58 PM
i do not see breakout after scaning of results. Are these ready to breakout or already breakout?
Thanks
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miketranz
969 posts
msg #153356
- Ignore miketranz |
8/2/2020 11:13:54 AM
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richardfrench1
1 posts
msg #154096
- Ignore richardfrench1 |
9/21/2020 8:43:12 AM
hey man, amazing filter thank you. i saw you mentioned you have one for the downside. would be much appreciated if you were to share.
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