StockFetcher Forums · Filter Exchange · SUPPLY/DEMAND - A Twist on "Waiting For Green"<< 1 2 >>Post Follow-up
TheRumpledOne
6,411 posts
msg #100015
Ignore TheRumpledOne
modified
3/31/2011 1:45:58 PM

Fetcher[
/* TRO - SUPPLY/DEMAND - WAITING FOR GREEN */

set{LOW5, count(low equal low 5 day low, 5)}

set{ClOp, close - open}
set{GREEN, count(ClOp ABOVE 0, 1)}
set{RED, count(ClOp BELOW 0, 1)}
set{VALUE, count(RED 1 day ago above 0,1) * count(GREEN above 0, 1)}
set{RG, count(VALUE above 0,1) * count(close above open 1 day ago, 1)}

set{GREENDAYS, days(RED equal 1,100)}
set{SinceRG, days(RG equal 1,100)}

add column GREENDAYS
add column SinceRG


/* Selection Criteria */

LOW5 above 1
GREENDAYS above 0
close above 1
Avgvol(90) above 1000000

sort column 5 ascending

]




Stock has made a new 5 day low at least twice in the last 5 days.

Green candle close above Red candle open should indicate that demand is stronger than supply.

GREENDAYS is number of green closes.

SinceRG is the number of days since Green candle closed above Red candle open.

REMEMBER AND DO NOT FORGET....

If you are holding over night, you must do your due diligence.

Do not FRONT RUN earnings!!


Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.

IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.

CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.

TheRumpledOne
6,411 posts
msg #100016
Ignore TheRumpledOne
modified
3/31/2011 2:53:38 PM

Fetcher[

/* TRO - SUPPLY/DEMAND - WAITING FOR GREEN */

set{LOW5, count(low equal low 5 day low, 5)}

set{ClOp, close - open}
set{GREEN, count(ClOp ABOVE 0, 1)}
set{RED, count(ClOp BELOW 0, 1)}
set{VALUE, count(RED 1 day ago above 0,1) * count(GREEN above 0, 1)}
set{RG, count(VALUE above 0,1) * count(close above open 1 day ago, 1)}

set{GREENDAYS, days(RED equal 1,100)}
set{SinceRG, days(RG equal 1,100)}

set{TRIGGER1, count(RED 1 day ago above 0 ,1) * open 1 day ago}
set{TRIGGER2, count(RED 2 days ago above 0,1) * open 2 days ago}
set{TRIGGER3, count(RED 3 days ago above 0,1) * open 3 days ago}
set{TRIGGER4, count(RED 4 days ago above 0,1) * open 4 days ago}
set{TRIGGER5, count(RED 5 days ago above 0,1) * open 5 days ago}

add column SinceRG
add column GREENDAYS

add column separator
add column TRIGGER1
add column TRIGGER2
add column TRIGGER3
add column TRIGGER4
add column TRIGGER5

add column separator


/* Selection Criteria */

LOW5 above 1
SinceRG below 3
GREENDAYS above 1
close above 1
Avgvol(90) above 1000000

sort column 5 ascending
]



The TRIGGER columns are the open prices of the RED candles. These are your long entry trigger prices.

REMEMBER AND DO NOT FORGET....

If you are holding over night, you must do your due diligence.

Do not FRONT RUN earnings!!


Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.

IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.

CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.

TheRumpledOne
6,411 posts
msg #100017
Ignore TheRumpledOne
modified
3/31/2011 2:58:09 PM

Fetcher[
/* TRO - SUPPLY/DEMAND - WAITING FOR GREEN - OVERNIGHT HOLD VERSION*/

set{LOW5, count(low equal low 5 day low, 5)}

set{ClOp, close - open}
set{GREEN, count(ClOp ABOVE 0, 1)}
set{RED, count(ClOp BELOW 0, 1)}
set{VALUE, count(RED 1 day ago above 0,1) * count(GREEN above 0, 1)}
set{RG, count(VALUE above 0,1) * count(close above open 1 day ago, 1)}

set{GREENDAYS, days(RED equal 1,100)}
set{SinceRG, days(RG equal 1,100)}

set{TRIGGER1, count(RED 1 day ago above 0 ,1) * open 1 day ago}
set{TRIGGER2, count(RED 2 days ago above 0,1) * open 2 days ago}
set{TRIGGER3, count(RED 3 days ago above 0,1) * open 3 days ago}
set{TRIGGER4, count(RED 4 days ago above 0,1) * open 4 days ago}
set{TRIGGER5, count(RED 5 days ago above 0,1) * open 5 days ago}

set{Long_Profit, high - close 1 day ago}

/* ENTER THE PRICE YOU WANT TESTED */
set{OVERX, count(Long_Profit > .2499 , 100)}

set{LOSERS, count(Long_Profit below 0,100)}
set{LOSING,days(Long_Profit ABOVE 0, 100)}
set{WINNING,days(Long_Profit BELOW 0, 100) }
set{WLStreak, WINNING - LOSING }
set{WStreakMAX, WLStreak 100 day high}
set{LStreakMAX, WLStreak 100 day low}

set{OVERXMAX, OVERX 100 day high}
set{OVERXMIN, OVERX 100 day low}

add column SinceRG
add column GREENDAYS

add column separator
add column TRIGGER1
add column TRIGGER2
add column TRIGGER3
add column TRIGGER4
add column TRIGGER5

and add column separator
add column OVERX
add column OVERXMAX
add column OVERXMIN

and add column separator
add column LOSERS
add column WLStreak
add column WStreakMAX
add column LStreakMAX

and add column separator
add column Long_Profit {Today}
add column Long_Profit 1 DAY AGO {-1 DAY}
add column Long_Profit 2 DAYS AGO {-2 DAY}
add column Long_Profit 3 DAYS AGO {-3 DAY}
add column Long_Profit 4 DAYS AGO {-4 DAY}
add column separator


/* Selection Criteria */

LOW5 above 1
SinceRG below 3
GREENDAYS above 1
close above 1
Avgvol(90) above 1000000

sort column 5 ascending
]



This is the OVERNIGHT HOLD version.

REMEMBER AND DO NOT FORGET....

If you are holding over night, you must do your due diligence.

Do not FRONT RUN earnings!!


Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.

IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.

CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.



saico
59 posts
msg #100018
Ignore saico
3/31/2011 4:19:00 PM

Hi Rumbled,

could you please explain, when to buy after signals occur, (Close, Open next day....?) and when to close positions? What do you prefer?

Much thanks in advance!

Saico

bkhurana43
103 posts
msg #100019
Ignore bkhurana43
3/31/2011 4:24:39 PM

I am facing filter performance restrictions,
I have run many filters with more SET statements than this filter has and never faced this problem.

TheRumpledOne
6,411 posts
msg #100021
Ignore TheRumpledOne
3/31/2011 5:19:13 PM

Saico:

It's Rumpled not RumBled!!

When to buy?

The idea is that price (red candles) is going down until price finds demand.

Once demand is found, price should close above the open of the last red candle. That means there are more buyers than sellers. If there are more buyers(demand) than sellers(supply) the price (should, in theory) go higher.

You can enter a long trade:

1) When price closes above the lowest red candle's open price which could be intraday (use 30 minute candles ) or the next day.

2) When price is at the red candle's open price intraday looking to bail at any sign of weakness.

3) Overnight hold if price is going to close above the red candle's open price.

The triggers are the open prices of the last 5 days' RED candles. If a candle was green, the price is 0.

These guys are always talking about supply/demand:

http://www.tradingacademy.com/lessons/20110315/featured_article.htm

http://www.tradingacademy.com/lessons/20110329/featured_article.htm

http://www.tradingacademy.com/lessons/20101229/featured_article.htm

http://www.tradingacademy.com/lessons/20110322/forex_article.htm

http://www.tradingacademy.com/lessons/20110322/stocks_article.htm


Look at their charts.

Look at the red candles in the areas marked DEMAND ZONE.

Now start at the left and move right, one candle at a time.

Look at what happens when price of a green candle exceeds the price of the previous red candle.

More times than not you can TAKE PROFIT.

What's the stop?

RISK = X% of your ACCOUNT BALANCE ( usually X less than 2% )

STOP LOSS = RISK / POSITION SIZE

They say they are keeping it simple but I don't always agree.

THIS IS TRADING - ANYTHING CAN HAPPEN!!

If trading was not guessing then why do we need a stop loss?





TheRumpledOne
6,411 posts
msg #100022
Ignore TheRumpledOne
3/31/2011 5:23:33 PM



I am facing filter performance restrictions,
I have run many filters with more SET statements than this filter has and never faced this problem.

===========================

Do you have ADVANCED SF? If not, YOU SHOULD!!

I use nested counts and that's probably the reason it isn't working.

TheRumpledOne
6,411 posts
msg #100024
Ignore TheRumpledOne
modified
3/31/2011 5:51:23 PM

Fetcher[

/* TRO - SUPPLY/DEMAND - WAITING FOR GREEN - TRIGGER DISPLAY*/

set{LOW5, count(low equal low 5 day low, 5)}

set{ClOp, close - open}
set{GREEN, count(ClOp ABOVE 0, 1)}
set{RED, count(ClOp BELOW 0, 1)}
set{VALUE, count(RED 1 day ago above 0,1) * count(GREEN above 0, 1)}
set{RG, count(VALUE above 0,1) * count(close above open 1 day ago, 1)}

set{GREENDAYS, days(RED equal 1,100)}
set{SinceRG, days(RG equal 1,100)}

set{TRIGGER1, count(RED 1 day ago above 0 ,1) * open 1 day ago}
set{TRIGGER2, count(RED 2 days ago above 0,1) * open 2 days ago}
set{TRIGGER3, count(RED 3 days ago above 0,1) * open 3 days ago}
set{TRIGGER4, count(RED 4 days ago above 0,1) * open 4 days ago}
set{TRIGGER5, count(RED 5 days ago above 0,1) * open 5 days ago}


set{PLx, high - open 1 day ago}
set{PL, count(RED 1 day ago above 0 ,1) * PLx}

set{PLx2, high - open 2 days ago}
set{PL1, count(RED 2 days ago above 0 ,1) * PLx2}

set{PLx3, high - open 3 days ago}
set{PL2, count(RED 3 days ago above 0 ,1) * PLx3}

set{PLx4, high - open 4 days ago}
set{PL3, count(RED 4 days ago above 0 ,1) * PLx4}

set{PLx5, high - open 5 days ago}
set{PL4, count(RED 5 days ago above 0 ,1) * PLx5}


add column SinceRG
add column GREENDAYS

add column separator
add column TRIGGER1
add column TRIGGER2
add column TRIGGER3
add column TRIGGER4
add column TRIGGER5

add column separator
add column PL
add column PL1
add column PL2
add column PL3
add column PL4


add column separator


/* Selection Criteria */

LOW5 above 1
SinceRG below 3
GREENDAYS above 1
close above 1
Avgvol(90) above 1000000

sort column 5 ascending

]



The PL columns show the difference between today's high and the trigger price. If 0, there was no trigger price that day.. If negative then price did not reach the trigger ( IT'S NOT A LOSS!! )


REMEMBER AND DO NOT FORGET....

If you are holding over night, you must do your due diligence.

Do not FRONT RUN earnings!!


Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.

IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.

CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.

TheRumpledOne
6,411 posts
msg #100025
Ignore TheRumpledOne
3/31/2011 5:57:38 PM

Who wants to make the WEEKLY version?



mystiq
650 posts
msg #100037
Ignore mystiq
4/1/2011 3:38:09 AM

These guys are always talking about supply/demand:

http://www.tradingacademy.com/lessons/20110315/featured_article.htm

* http://www.tradingacademy.com/lessons/20110329/featured_article.htm *

http://www.tradingacademy.com/lessons/20101229/featured_article.htm

http://www.tradingacademy.com/lessons/20110322/forex_article.htm

http://www.tradingacademy.com/lessons/20110322/stocks_article.htm

*---->interesting article: Breakout Trading - Quality Trade or Dangerous Trap? thx 4 the link TRO

can anybody code a breakout that occured within the last 30 days AND price now within 5% of said FIRST breakout (-.-)

StockFetcher Forums · Filter Exchange · SUPPLY/DEMAND - A Twist on "Waiting For Green"<< 1 2 >>Post Follow-up

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