StockFetcher Forums · Filter Exchange · TheRumpledOne,,have a scan question<< >>Post Follow-up
waldo1323
14 posts
msg #45537
Ignore waldo1323
7/7/2006 8:56:32 PM

was looking at your gap fill scan and since i'm new to creating scans
i was wondering if you could tell me how to create a gap fill scan
for stocks under $10. I looked at your scan and didn't want to
mess it up by trying to figure out where to change the closing price.

thanks for your time


TheRumpledOne
6,411 posts
msg #45566
Ignore TheRumpledOne
modified
7/8/2006 2:17:53 PM

Fetcher[

/* gap fill statistics */

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 100)}
set{gapdn100f, count(gapdnfilled > 0, 100)}

set{gapfilled, gapup100f + gapdn100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedup100
and add column gappeddn100
and add column gapfilled
and add column gapup100f
and add column gapdn100f

and add column cma(absgap, 100)
and add column absgap 100 day high
and add column absgap 100 day low

/* SELECTION CRITERIA */

CLOSE ABOVE 1
CLOSE BELOW 20
AVERAGE VOLUME(30) ABOVE 1000000
MARKET IS NASDAQ

/* SORT CRITERIA */

SORT COLUMN 7 DESCENDING
]



This will give you stocks between $1 and $20.

However, you must look at the average gap to determine which ones are worthy of trading. The bigger, the better.

Also, why trade anything but the ones that fill the gap 4 out of 5 times or better? Do you realize Vegas would kill for these odds?!?!?

MAY ALL YOUR GAPS BE FILLED.






StockFetcher Forums · Filter Exchange · TheRumpledOne,,have a scan question<< >>Post Follow-up

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