nikoschopen
2,824 posts
msg #38127
- Ignore nikoschopen |
9/21/2005 7:23:34 PM
On second thought, perhaps you IBD freaks could use a premature C&H at times like now. The following filter will find stocks that have formed a "saucer" formation within the span of 5 months.
Basically this filter finds stocks that have retraced from their 5-month high by as much as 50% and have since rallied back to their initial high. Change any of the values to shorten or lengthen the time span to suit your preference. As of yet, I haven't played with it enough to see how effective this filter is, so feel free to do whatever you wish.
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nikoschopen
2,824 posts
msg #38137
- Ignore nikoschopen |
9/22/2005 2:21:40 PM
A typo detected...bad me (slap! slap!). Here's the one with the correction.
Most of the stocks returned show a decline from its recent high, which itself is higher than the 5 month high. This is expected since I defined the pivot as "high/5mo" (today's high divided by 5-month high). I then changed it to reflect "3 day high / 5-month high" but only penny stocks & their ilk turned up, so further tweaks required...but later.
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CKING
17 posts
msg #38241
- Ignore CKING |
9/27/2005 9:04:41 PM
Thanks once again.
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