StockFetcher Forums · Filter Exchange · /* Negative Reversal 52 - 60 days */<< >>Post Follow-up
TheRumpledOne
6,411 posts
msg #43710
Ignore TheRumpledOne
modified
5/14/2006 5:59:22 PM

Fetcher[/* Negative Reversal 52 - 60 days */

set{nr2,count(close below close 52 days ago,1) * count(rsi(2) above rsi(2) 52 days ago,1)}}

set{nr3,count(close below close 53 days ago,1) * count(rsi(2) above rsi(2) 53 days ago,1)}

set{nr4,count(close below close 54 days ago,1) * count(rsi(2) above rsi(2) 54 days ago,1)}

set{nr5,count(close below close 55 days ago,1) * count(rsi(2) above rsi(2) 55 days ago,1) }

set{nr6,count(close below close 56 days ago,1) * count(rsi(2) above rsi(2) 56 days ago,1) }

set{nr7, count(close below close 57 days ago,1) * count(rsi(2) above rsi(2) 57 days ago,1) }

set{nr8, count(close below close 58 days ago,1) * count(rsi(2) above rsi(2) 58 days ago,1) }


set{nr9, count(close below close 59 days ago,1) * count(rsi(2) above rsi(2) 59 days ago,1) }

set{nr10, count(close below close 60 days ago,1) * count(rsi(2) above rsi(2) 60 days ago,1) }

Set{n10, nr10 * 100000000}
Set{n9, nr9 * 10000000}
Set{n8, nr8 * 1000000}
Set{n7, nr7 * 100000}
Set{n6, nr6 * 10000}
Set{n5, nr5 * 1000}
Set{n4, nr4 * 100}
Set{n3, nr3 * 10}
Set{n2, nr2 * 1}

Set{na, n2 + n3}
Set{nb, na + n4}
Set{nc, nb + n5}
Set{nd, nc + n6}
Set{ne, nd + n7}
Set{nf, ne + n8}
Set{ng, nf + n9}

Set{NegRev, ng + n10 }

/* enter your Lower Limit criteria */
set{LowerLim5, Low 5 day Low}

/* close 5 days ago */
set{c5a, close 5 days ago + 0 }

/* profit from entry 5 days ago */
set{profit5, c5a - LowerLim5 }

/* for debug
add column n2
add column n3
add column n4
add column n5
add column n6
add column n7
add column n8
add column n9
add column n10

add column na
add column nb
add column nc
add column nd
add column ne
add column nf
add column ng

for debug */

add column NegRev

add column Profit5

add column c5a
add column LowerLim5

close above 20
volume above 300000


rsi(2) above 80

NegRev above 0

sort column 5 descending


/* DATE offset is 5 days */
]



I got this idea from SOF May 2006 page 52 "Max Your Cashometer" by Jeffery E. Lay, CMT.

I looked at the chart and it seemed liked the 50 - 60 day range was that target area.

Considering the market just peaked, it should be time for stocks to exhibit negative reversal patterns.

Remember, this is a SHORTING filter so when you look back, RED in the performance column means money in your pocket!

MAY ALL YOUR FILLS BE COMPLETE.

Note: There is a bug that causes a "2" to appear sometimes in the NegRev column.









StockFetcher Forums · Filter Exchange · /* Negative Reversal 52 - 60 days */<< >>Post Follow-up

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