StockFetcher Forums · Filter Exchange · Piercing Pattern Filter Help Needed<< 1 2 >>Post Follow-up
2ManyStocks
5 posts
msg #61723
Ignore 2ManyStocks
4/23/2008 10:15:20 AM

Does anyone have a filter that fetch's piercing pattern reversals??? Thanks...

marine2
963 posts
msg #61736
Ignore marine2
4/23/2008 1:04:27 PM

Never heard of that pattern before?

2ManyStocks
5 posts
msg #61738
Ignore 2ManyStocks
4/23/2008 3:45:15 PM

key reversal?

2ManyStocks
5 posts
msg #61739
Ignore 2ManyStocks
4/23/2008 3:45:40 PM

V bottom

nikoschopen
2,824 posts
msg #61743
Ignore nikoschopen
4/23/2008 4:16:41 PM

I think this thread is similar to the one ure looking for: Bottom Filter Help

WALLSTREETGENIUS
983 posts
msg #62475
Ignore WALLSTREETGENIUS
modified
5/11/2008 8:20:18 AM

You'll find that not only are these "Piercing Patterns", but they are also
"Belt Holds" at the same time. This would make it an absolute bottom
reversal


Fetcher[close is below open 1-day ago
close is more than 3% above close 1-day ago
open is more than 2% below close 1-day ago
close is more than 5% above open
sort column 12 descending
offset 0

set{newPlot, cema(close,3)} on plot price
and draw cema(close,5) on plot price
and draw cema(close,7) on plot price
and draw cema(close,10)on plot price
and draw cema(close,12)on plot price
and draw cema(close,15)on plot price

and draw cema(close,30) on plot price
and draw cema(close,35) on plot price
and draw cema(close,40) on plot price
and draw cema(close,45) on plot price
and draw cema(close,50) on plot price
and draw cema(close,60) on plot price

Set{MA50,CMA(RSI(2),50)}
set{SD,cstddev(RSI(2),50)}
set{SD50,1.4 * SD}
set{BOLU,MA50 + SD50}
set{BOLD,MA50 - SD50}

draw BOLU on plot RSI(2)
draw BOLD on plot RSI(2)

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}


set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}


Draw Inverse Fisher Transform(5,9) line at -0.5
Draw Bearpower line at 0
Draw MA(200)
Draw FI(2) line at 0
Draw Williams %R(7) Line at 0

ADD COLUMN SEPARATOR
and add column volpct
and add column Vdbl
ADD COLUMN SEPARATOR
add column sector
add column industry
ADD COLUMN SEPARATOR
add column PE
add column EPS
add column ROE
add column Dividend
ADD COLUMN SEPARATOR
and add column CxM200
ADD COLUMN SEPARATOR
]





RIGGS

money123
19 posts
msg #62480
Ignore money123
5/11/2008 12:02:31 PM

thanks for the filter when is the best time to run these and what is a good hold time to get the result thank you

WALLSTREETGENIUS
983 posts
msg #62487
Ignore WALLSTREETGENIUS
5/11/2008 4:09:20 PM

thanks for the filter when is the best time to run these and what is a good hold time to get the result thank you
____________________________

There's never a "good hold time" with short term trading. I personally never hold more than 3 or 4 days on average. I like to sell before
oscillators and indicators get to overbought territories. There is always a buyer when people are buying. Finding a buyer when everyone is selling is a whole other ball game. So sell while the price is still going up is the best advice I can give you. I know it sounds simplistic, but it really is the best way to get out of a stock.


WALLSTREETGENIUS
983 posts
msg #62489
Ignore WALLSTREETGENIUS
5/11/2008 4:38:31 PM

2manystocks -

If you are looking for "V-Bottoms", this is probably one of the best avenues to take. Just don't be fooled by certain "bottoms." Make sure you have an absolute bottom, and one way I find them is by looking at Force Index(2), and Bearpower. If you are looking at a deep bottom on either of these indicators, make sure it is a 2nd more shallow bottom (divergence)than the first one. But price must be equal or lower than the first. Take a look at May 9th's results. (SUN) & (EK). look at the two levels on FI(2). So, If in fact it is a more Shallow bottom, wait for these indicators to tick up, and make sure it is a reversal signal...i.e., "Piercing Pattern", "Morning Star", "Bullish Engulfing", etc....I have a lot of fun with this one particular filter, so I hope you do as well. BTW, you'll find quite a few "Piercing" candles in this filter.



RIGGS


Fetcher[Low reached a new 6-month low within the last 2-weeks
Linear regression indicator(20) is below price
2-day slope of linear regression indicator(20)
is below 0

EMA(15) is below EMA(30)
EMA(30) is below EMA(60)

Average volume(30) is above 100000
volume is above 100000
sort column 13 descending
close is above 5
offset 0

set{newPlot, cema(close,3)} on plot price
and draw cema(close,5) on plot price
and draw cema(close,7) on plot price
and draw cema(close,10)on plot price
and draw cema(close,12)on plot price
and draw cema(close,15)on plot price

and draw cema(close,30) on plot price
and draw cema(close,35) on plot price
and draw cema(close,40) on plot price
and draw cema(close,45) on plot price
and draw cema(close,50) on plot price
and draw cema(close,60) on plot price

Set{MA50,CMA(RSI(2),50)}
set{SD,cstddev(RSI(2),50)}
set{SD50,1.4 * SD}
set{BOLU,MA50 + SD50}
set{BOLD,MA50 - SD50}

draw BOLU on plot RSI(2)
draw BOLD on plot RSI(2)

set{E200b,days(close is above ma(200),100)}
set{E200a,days(close is below ma(200),100)}
set{CxM200, E200a - E200b}


set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}


set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}

Draw FI(2) line at 0
Draw Bearpower line at 0
Draw Williams %R(7) line at 0
Draw MA(200)


ADD COLUMN SEPARATOR
and add column volpct
and add column Vdbl
ADD COLUMN SEPARATOR
add column sector
add column industry
ADD COLUMN SEPARATOR
add column PE
add column EPS
add column ROE
add column Dividend
ADD COLUMN SEPARATOR
and add column CxM200
ADD COLUMN SEPARATOR
]








money123
19 posts
msg #62510
Ignore money123
5/12/2008 11:29:52 AM

when is a good time to run the scan before during or after the market or dosent it matter thanks

StockFetcher Forums · Filter Exchange · Piercing Pattern Filter Help Needed<< 1 2 >>Post Follow-up

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