arthur702
38 posts
msg #38579
- Ignore arthur702 |
10/26/2005 4:27:36 PM
Hi, I wanted to write a filter that looks for a double bottom using a moving average of 7 days. Can anyoen please assist? I know rumpled one is very good at writing filters and if you can do this for me , it will be greatly appreciated. thanks.
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TheRumpledOne
6,411 posts
msg #38582
- Ignore TheRumpledOne |
10/26/2005 8:44:27 PM
stockfetcher 12/23/2004 12:38:05 PM
double-bottom
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Parameters None
Description This pattern detector attempts to discover stocks that are nearing or have recently completed a double-bottom. Below is an example screen using this new pattern:
Please note the - (hyphen) in double-bottom, that is required to produce the correct results.
As background, to meet the requirements of this pattern, the following conditions must be met:
Stock is in a recent downtrend
Retracement of more than 10% of the low after the downtrend.
Return to within 3% of the lower resistance
Retest of the upper resistance
Increase of volume on the retest of upper resistance.
Below is a chart demonstrating these qualifications:
doublebottom1.gif">
Please keep in mind this is a fairly specific implementation of the double-bottom and may yield very few results each day. Additionally, we will continue to analyze the results, so if you have any ideas or suggestions for this pattern, please don't hesitate to drop us a line!
Incomplete double-bottom - A variation of the double-bottom filter, is the incomplete double-bottom. This shows stocks that have a potential for a double-bottom pattern.
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riggs
313 posts
msg #38583
- Ignore riggs |
10/27/2005 1:34:48 AM
Arthur -
Another great way to finf double bottoms is like this:
I always find "divergence" in these double bottoms. I think you'll be pleased. Just another way to find em. Good luck!
THE MIGHTY RIGGS
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rtucker
318 posts
msg #38587
- Ignore rtucker |
10/27/2005 5:24:50 AM
Didnt know there was an "incomplete double bottom" statement. I like a retest of previous lows. Thanks.
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arthur702
38 posts
msg #38588
- Ignore arthur702 |
10/27/2005 11:30:14 AM
thanks everyone!!!!!!!!! lots of help!
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