jaketheguy
52 posts
msg #38006
- Ignore jaketheguy |
9/16/2005 1:47:59 PM
alf...yes, the description had the minor error. However, if you look at the logic in the filter, I think it fits what you were trying to do.
Unfortunately, StockFetcher says the filter has too many set statements. What is the workaround for that?
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jaketheguy
52 posts
msg #38007
- Ignore jaketheguy |
9/16/2005 1:58:02 PM
Sorry Alf, I did carry through the error in the explanation statement into the filter. The corrected filter is below:
But unfortunately, it has too many sets.
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jaketheguy
52 posts
msg #38032
- Ignore jaketheguy |
9/17/2005 10:28:54 PM
alf...IT IS DONE! Below is the filter you requested, which defines a series of days whose Open OR Close falls within the High/Low Range of some bar 5 days ago. See below:
The problem and the resulting filter demonstrated well the concepts that were the subject of this thread.
Cheers!
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jaketheguy
52 posts
msg #38034
- Ignore jaketheguy |
9/17/2005 10:37:29 PM
As alf stated earlier in the thread, the objective of the above filer was to identify areas of "congestion" on a chart, where "congestion" is defined as a minimum of 5 daily bars...made up of a "Measuring Bar" and followed by (at least) 4 subsequent bars whose Open OR Close falls within the High/Low Range of that "Measuring Bar".
And the filter below (posted earlier in the thread), defines even a tighter "congestion", where the Open AND Close of the 4 subsequent bars falls within the High/Low Range of that "Measuring Bar".
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alf44
2,025 posts
msg #38037
- Ignore alf44 |
9/17/2005 11:13:35 PM
jaketheguy,
This is what I finally came up with:
---------------------------------
I tried a number of different ways using "sets" and "logic" and kept running into "SF nesting issues" (I guess that's what the prob was). Anyway, the filters wouldn't run. Much like the probs you seemed to be having earlier. I finally decided to try the "sum" feature in addition to the "sets"...I took an AVERAGE CLOSE and an AVERAGE OPEN of the last 4 days and insured that those AVERAGES were between the Range of the "Measuring Bar" 4 days ago. For the most part it seems to return what I was looking for.
The filter I posted above also has some of the indicators and critical lines on those indicators I like to look at. It has lines drawn at the HI4 and LO4 (4 days back). These lines illustrate a "channel" or "congestion" area. The idea being that you would look for a breakout (either above or below) this congestion area. Some of the other indicators I have drawn on the chart give some indication which way the "breakout" might go. That's the hope anyway. Also, the filter finds stocks with Shares Outstanding of below 25 Million...as well as Price and Volume criteria.
Anyway, congrats on your work. Nice job ! I'll check it out in more detail later. This whole exercise has been helpful to me. It has forced me to dig and study in more detail some of the stuff cegis and RumpledOne and others have been doing with their scans. Yepher's site has been very helpful too. I realize that there is a whole nuther level of expertise at using SF. I have much to learn. :)
Thanks again to you and to everyone who was helpful.
I'll post more as I play with these scans some. You do the same !
Regards,
alf44
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TheRumpledOne
6,411 posts
msg #38053
- Ignore TheRumpledOne |
9/18/2005 1:08:25 PM
Nice work using SUM!
MAY ALL YOUR FILLS BE COMPLETE.
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jaketheguy
52 posts
msg #38117
- Ignore jaketheguy |
9/20/2005 11:44:38 PM
BTW, is AVERY the TRO fellow, or is he someone else?
Thanks.
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shelupinin
120 posts
msg #38118
- Ignore shelupinin |
9/21/2005 9:09:29 AM
The name of TRO is Avery. TheRumpedOne, if I expose you? :) sorry if yes...
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shelupinin
120 posts
msg #38119
- Ignore shelupinin |
9/21/2005 9:13:39 AM
alf44, could you explain what does "and Shares Outstanding is less than 25" mean? thanks
Alex
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TheRumpledOne
6,411 posts
msg #38120
- Ignore TheRumpledOne |
9/21/2005 9:43:57 AM
LOL.. I am Avery aka THERUMPLEDONE!!
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