ap09au5616 9 posts msg #155112 - Ignore ap09au5616 |
12/26/2020 1:43:36 PM
Hi Experts,
Could you please help me in creating a filter using below criteria?
Stocks have been in long squeeze for a week or more (using Bollinger or other indicators)
Potential to breakout
MACD or RSI have been increasing
Increase in volume
Oversold conditions
Buy signal in weekly/monthly charts
Etc..
Thanks in advance.
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snappyfrog 721 posts msg #155114 - Ignore snappyfrog |
12/26/2020 3:52:12 PM
Per your message:
****Potential to breakout*****
We all have different ways of looking at breakouts, what are yours?
*****MACD or RSI have been increasing*****
Simple enough when we have more info.
****Increase in volume****
Over what period of time?
****Oversold conditions****
What do you consider oversold? Many oscillators that people say are in "oversold" or "overbought" conditions can stay there for a long time.
****Buy signal in weekly/monthly charts****
What kind of buy signals? Monthly charts not available in SF.
Please give us more information to work with, especially a filter that you have tried to put together so we can find some reasoning in your statements to work with here.
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ap09au5616 9 posts msg #155115 - Ignore ap09au5616 modified |
12/26/2020 5:32:55 PM
Thanks for the response.
My draft filter is like below.
set{BollingerDiff,Upper Bollinger Band(20) - Lower Bollinger Band(20)}
show stocks where BollingerDiff reached a new 1 month low 1 day ago
and draw Bollinger Bands(20)
close above lower Bollinger Line(20,2)
close volume more than Average Volume(30)
close > open
Stochastic %K(15,5,3) below 50
RSI(15) has been increasing for the last 2 days
I am looking for the stocks which are in price range bound for more than a month or so and trend up.
could you please help me in creating that kind of filter?
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snappyfrog 721 posts msg #155116 - Ignore snappyfrog |
12/26/2020 5:47:18 PM
Making it clickable:
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xarlor 581 posts msg #155121 - Ignore xarlor |
12/27/2020 2:24:38 PM
All your conditions are accounted for here, except "oversold". In my experience, tickers that are oversold AND trading sideways are not compatible.
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ap09au5616 9 posts msg #155137 - Ignore ap09au5616 |
12/28/2020 5:12:58 PM
Thanks a lot.
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