lawdawguw
25 posts
msg #65130
- Ignore lawdawguw |
7/17/2008 8:06:06 PM
The filter "pattern is a bullish engulfing" produces way too many false positives. So I'm curious if some could give me a hand.
Basically, I want at least a 3% gap down on the second day formation with a close above the first days open of at least three percent.
this is the closest thing I've found but I'd like to addd the percentages in:
Any help is appreciated!
|
chetron
2,817 posts
msg #65131
- Ignore chetron |
7/17/2008 9:30:00 PM
MAYBE....
|
lawdawguw
25 posts
msg #65136
- Ignore lawdawguw |
7/17/2008 10:29:44 PM
Yea, that seems to not be working (correctly) either....
I altered the chart, added a volume filter, and price filter... zero results on several back tests...
I really need to get this worked out, thanks for trying!
|
chetron
2,817 posts
msg #65143
- Ignore chetron |
7/17/2008 10:59:48 PM
DO YOU HAVE A LIST OF RECENT TICKER SYMBOLS THAT HAVE EXPERIENCED THIS EVENT THAT YOU ARE LOOKING FOR?
TIA CHETRON
|
lawdawguw
25 posts
msg #65146
- Ignore lawdawguw |
7/17/2008 11:12:40 PM
Thanks for helping me with this:
TONE, JNS, BLL, OEH, AB, CDL, TRMK
I'm not sure how familiar you are with the formation, but basically, you need a prior downtrend in place with a black or red candle, then the final day opens with a gap down, about 5% (wicks are ignored) then reverses and closes %5 above the previous days open.
If I run the basic "pattern is bullish engulfing" scan, then I get way too many false positives. like the gap down is only a tic, etc.
|
WALLSTREETGENIUS
983 posts
msg #65147
- Ignore WALLSTREETGENIUS |
7/17/2008 11:16:06 PM
EVERYTHING BIGINS AND ENDS WITH DMA! SOMEDAY B-4
I LEAVE HERE, THIS FORUM WILL REALIZE IT...
RIGGS
|
lawdawguw
25 posts
msg #65148
- Ignore lawdawguw
modified |
7/17/2008 11:23:01 PM
Thx
Still not perfect but better than the alternative...
|
WALLSTREETGENIUS
983 posts
msg #65149
- Ignore WALLSTREETGENIUS
modified |
7/17/2008 11:36:30 PM
Lawdawg -
I wasn't seeking "perfection" for you. This is a good start for YOU to play around with. The formula for "perfection" is there, you just need to find the missing ingredient.
RIGGS
|
WALLSTREETGENIUS
983 posts
msg #65150
- Ignore WALLSTREETGENIUS
modified |
7/17/2008 11:46:54 PM
Okay, don't give yourself a headache...here's the "missing ingredient." I offset it 1-day, so you can see the likes
of AB, TONE, OEH, TRMK, etc....
- WALLSTREETGENIUS -
|
WALLSTREETGENIUS
983 posts
msg #65151
- Ignore WALLSTREETGENIUS |
7/17/2008 11:51:11 PM
BTW, what was the reason for the "gap down" just befor the engulfing? Just curious....
|