johnnyvento
51 posts
msg #65383
- Ignore johnnyvento |
7/24/2008 1:32:09 AM
Can someone please help me write a few filters. I'm trying to decide whether single day percentage gain on a stock is a predictor of whether it will gap up the next day. I would like to look at relatively high single day gains like 25%, 35% or 50%. Also I would like to see whether having a high average day range makes a difference or not. Also a price between $1 -$10 would be nice for the test.
So in words, I need help writing a filter that I can backtest for the following:
25% single day gain stocks- percentage of gap uppers next day
35%......etc
50%......etc
likewise adr can be taken into account:
25% single day gain stocks/ with average day range(10) > 8: percentage gap uppers next day
35%.....etc
50%.....etc
Is it possible to make a gap prediction filter or not? That is the question.
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guru_trader
485 posts
msg #65389
- Ignore guru_trader
modified |
7/24/2008 2:35:58 AM
yes, it's possible ... i'm sure someone will beat me to it
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guru_trader
485 posts
msg #65390
- Ignore guru_trader
modified |
7/24/2008 3:06:55 AM
will work on this later
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johnnyvento
51 posts
msg #65405
- Ignore johnnyvento |
7/24/2008 10:42:26 AM
thanks guru
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WALLSTREETGENIUS
983 posts
msg #65412
- Ignore WALLSTREETGENIUS
modified |
7/24/2008 1:39:15 PM
Johnny -
The very best way to "predict gaps" has always come off the "Bollinger(10) Squeeze." Look for squeezes that have a positive Weekly RSI(2), and make sure price or the open is near the bottom band, and also incorporate FI(2) increasing as well as Slow Stochastics(5,3).
I like to look for companies with this set-up that are about to report earnings. That's 1-5 days prior to earnings. These are the best candidates for major pops. Look at MMM, BG, and GR today (7/24/08) all coming off a squeeze on a down day. Look for gap DOWNS tomorrow for the likes of...CMO, CELG, and EMN.
Now, understand that earnings as a whole, (nationally) isn't going to be very positive, so take advantage of all the gap "downs" as much as posible. Just reverse the technicals above. It's as simple as that.
- WALLSTREETGENIUS -
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johnnyvento
51 posts
msg #65428
- Ignore johnnyvento |
7/25/2008 12:26:01 AM
also, if anyone is willing to help me write the filter, I would like a way to test each individual stock for the percentage of gap ups when it has made a certain criteria gain (a variable that can be changed)
thanks to the programmers!
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WALLSTREETGENIUS
983 posts
msg #65440
- Ignore WALLSTREETGENIUS |
7/25/2008 11:40:06 PM
thanks to the programmers!
_____________
...you're welcome!...
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arby347
87 posts
msg #65445
- Ignore arby347 |
7/26/2008 2:23:33 AM
What RIGG's SAID????
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arby347
87 posts
msg #65446
- Ignore arby347 |
7/26/2008 2:31:33 AM
Better:
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WALLSTREETGENIUS
983 posts
msg #65467
- Ignore WALLSTREETGENIUS
modified |
7/26/2008 7:16:13 PM
"What RIGG's SAID????"
___________
arby -
you didn't get those filters from me! I don't know where you got them, but those filters look about as dumb as "Johney's" criteria question in post #1 in this thread! LOL...Please don't put my name on something like that again okay?...
- RIGGS -
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