| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 ... 35 36 37 38 39 ... 40 >>Post Follow-up |
| TheRumpledOne 6,411 posts msg #97656 - Ignore TheRumpledOne |
11/28/2010 11:21:47 AM You left out the diamonds!! |
| taylorsk 106 posts msg #97662 - Ignore taylorsk |
11/28/2010 4:41:09 PM True. Left out the diamonds....generally just have these 2 on the screen. trying to reduce clutter, plus trade Nasdaq stocks mostly. I have also generated a filter on gaps that fil vs. gaps that result in a close in the direction of the gap. Theory being if a stock statistically gaps, fills, but then recoveres and closes in the direction of teh gap, you might get stopped out more often.... I like to trade gaps that fill, but statistically dont recover and close in the direction of the gap... A positve value for Gap***strengh means the stock does not close in the direction of the gap as often as it gives up the gap statistically speaking in the last 100 days... |
| taylorsk 106 posts msg #97700 - Ignore taylorsk |
12/1/2010 11:40:11 AM Milked JKS this morning.  |
| TheRumpledOne 6,411 posts msg #97723 - Ignore TheRumpledOne |
12/2/2010 10:18:55 AM Nice trading! |
| taylorsk 106 posts msg #97725 - Ignore taylorsk |
12/2/2010 10:54:25 AM Hey RumpledOne... Found an error in my logic on the statistics filter looking for stocks that gap and looking for stocks that fill the gap but do not close in the direction of the gap. I was using the code set{gapuphold5, count(close > open, 5)} set{gapdownhold5, count(close < open, 5)} using the 5 period so I could manually check the numbers. This returns all days that the close>open or close< open and not just the gap days. . I am trying to figure out a way to count only days that a stock closes in the direction of the gap I have read the AND OR screens you wrote, but cannot get it to work or at least Have not as of yet figured it out to work..... What I am trying to figure is If a stock gaps up how often does it fill the gap down and not close higher If a stock gaps down how often does it fill the gap up and not close lower I would of coarse like to tie this into your overall Fade the Gap filter..... Here is the 5 period scan I use to manually check things. |
| taylorsk 106 posts msg #97762 - Ignore taylorsk |
12/3/2010 9:53:37 AM Further reaserch looks like I cant do the above due to the nesting issue. Off to Exel I go. |
| TheRumpledOne 6,411 posts msg #98039 - Ignore TheRumpledOne modified |
12/17/2010 8:06:32 AM |
| TheRumpledOne 6,411 posts msg #98060 - Ignore TheRumpledOne |
12/17/2010 12:55:29 PM INTERESTING... http://www.sfomag.com/eSFO/eSFO2010_12.aspx?pg=49 |
| TheRumpledOne 6,411 posts msg #98674 - Ignore TheRumpledOne modified |
1/20/2011 4:16:23 PM Buy at market close, sell at the open the next session. Statistics in your favor. MAY ALL YOUR FILLS BE COMPLETE. P.S. THEN YOU CAN FADE THE GAP... LOL!! |
| mahkoh 1,065 posts msg #98705 - Ignore mahkoh |
1/22/2011 6:51:31 PM Funny that there are 37 pages of posting without anyone coming up with this approach to the filter! A thing to consider though: When selling at the open the spread can be quite large unless you trade highly liquid stocks. I used settings that look for stocks between 5 and 50 and avg 30 day volume above 3 million. The highest gappedup returned is 72 times out of 100, which would hardly qualify as a candidate in the regular use of the filter. As a matter of fact when using the filter this way wouldn't you prefer stocks that gapped up but tend to NOT fill the gap afterwards? |
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