Touching Resistance - StockFetcher.com Stock Screener

StockFetcher Forums · Filter Exchange · Touching Resistance

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kasheehan 8 posts msg #48087 - Ignore kasheehan	11/20/2006 9:44:52 PM Can anyone tell me the proper code to search for stocks that have touched resistance at least 3 times within the past 30 days? TIA
kasheehan 8 posts msg #48152 - Ignore kasheehan	11/25/2006 11:45:44 AM Thanks for the filter, TRO! I apologize for not being more clear. I meant to say I was looking for the number of times horizontal resistance was touched.
TheRumpledOne 6,411 posts msg #48153 - Ignore TheRumpledOne	11/25/2006 12:00:10 PM You have to DEFINE horizontal resistance. I wasn't sure what you wanted so I included 3 different "resistances" in the above filter.
TheRumpledOne 6,411 posts msg #48104 - Ignore TheRumpledOne modified	11/25/2006 12:00:39 PM You could use COUNT. Example: Fetcher[ set{rhits, count( high equal high 30 day high , 30 ) } set{r1hits, count( high > r1 , 30 ) } set{r2hits, count( high > r2 , 30 ) } rhits > 2 add column rhits add column high 30 day high add column separator add column r1hits add column r1 add column separator add column r2hits add column r2 add column separator draw r1 draw r2 draw high 30 day high close > 1 volume > 1000000 sort column 5 descending ] HTH.
kasheehan 8 posts msg #48156 - Ignore kasheehan	11/25/2006 4:54:20 PM Sorry, TRO. By resistance, I meant StockFetcher's indicator term for resistance (i.e., "close is below resistance(45,15,2)") I am able to run a filter that shows all stocks within 2% of resistance (again using SF's "resistance" indicator, but I didn't have any luck incorporating "touched" in the same filter with the SF "resistance" indicator. Thanks for your patience.
TheRumpledOne 6,411 posts msg #48164 - Ignore TheRumpledOne modified	11/26/2006 4:03:51 PM Fetcher[ set{rhits, count( high above resistance(45,15,2) , 30 ) } set{r1hits, count( high > r1 , 30 ) } set{r2hits, count( high > r2 , 30 ) } rhits > 2 add column rhits add column resistance(45,15,2) add column separator add column r1hits add column r1 add column separator add column r2hits add column r2 add column separator draw r1 draw r2 draw resistance(45,15,2) close > 1 volume > 1000000 sort column 5 descending ] Looks like something went haywire with the resistance value!?!??!?!
kasheehan 8 posts msg #48281 - Ignore kasheehan	12/1/2006 9:57:21 AM Well, thanks for trying, TRO. I appreciate your efforts on this. It looks like the "Resistance" indicator developed by SF needs some work. I prefer to use horizontal resistance, which is what the Resistance indicator attempts to do, as opposed to pivot point resistance levels.
traderblues 195 posts msg #48283 - Ignore traderblues	12/1/2006 11:31:48 AM I think I have something: Fetcher[count(close reached a new 100 day high,59) is below 1 and set{old100high,close 100 day high} and count(high is above old100high,59) is above 2 and count(high is above old100high,10) is above 0]
TheRumpledOne 6,411 posts msg #48295 - Ignore TheRumpledOne	12/1/2006 7:33:57 PM How do you define HORIZONTAL RESISTANCE?
TheRumpledOne 6,411 posts msg #48296 - Ignore TheRumpledOne modified	12/1/2006 7:50:51 PM Did you see this filter I wrote a long time ago? Fetcher[ /* Dynamic Support/Resistance with TRADE PLANNER DISPLAY / / PRICE POSITION PERCENT DISPLAY / / enter your Upper Limit criteria / set{UpperLim, High 5 Day High} / enter your Lower Limit criteria / set{LowerLim, Low 5 Day Low} set{LimDiff, UpperLim minus LowerLim} set{PPDiff, CLOSE minus LowerLim} set{PPDiv, PPDiff / LimDiff} set{BallOn, PPDiv 100} set{PCT, LimDiff / LowerLim} set{HiOp,high - open} set{OpLo, open - low} set{HHb,days(High is above High 1 day ago,100)} set{HHa,days(High is below High 1 day ago,100)} set{HixHi, HHa - HHb} set{LLb,days(Low is above Low 1 day ago,100)} set{LLa,days(Low is below Low 1 day ago,100)} set{LoxLo, LLa - LLb} /* column display / add column HiOp add column OpLo add column BallOn add column PCT add column HixHi add column LoxLo / PLOTS / draw UpperLim on plot price draw LowerLim on plot price / Trade Planner Filter Display - Simple / set{ iAccountSize , 25000 } set{ iPercentRisk, .02} set{ iMarginMult , 1} set{ iMaxDrawDownPct, .05} set{ iEntryPrice , close} set{ iShares, 0 } set{ iProtectiveStop , 0} set{ iTargetPrice , 0} set{ iRewardRatio , 2} set{ xMaxDollars, iAccountSize iMarginMult } set{ xTradeRisk, xMaxDollars * iPercentRisk } set{ xShares , xTradeRisk / iEntryPrice } set{ xShareRisk , xTradeRisk / xShares } set{ xStop , iEntryPrice - xShareRisk } set{ xtp, xShareRisk * iRewardRatio } set{ xTarget , xtp + iEntryPrice } add column xShares add column xStop add column xTarget add column xTradeRisk /* Selection Criteria / set{BallLow, count( BallOn < 2 , 1 ) } set{BallHigh, count( BallOn > 98 , 1 ) } set{PlayBall, BallLow + BallHigh } PlayBall > 0 Close above 1 avg vol(5) above 1000000 avg vol(30) above 1000000 add column industry Sort column 7 ascending / DRAW LINES */ draw upperlim on plot price draw lowerlim on plot price draw xStop 1 day ago on plot price draw xTarget 1 day ago on plot price ] You can get more stocks by adjust the PLAYBALL parameters. As is, the price has to be in the upper 2% or lower 2% of the range. Look at what happened after NTRI put in a new low 3 days ago. HTH.

StockFetcher Forums · Filter Exchange · Touching Resistance

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