| StockFetcher Forums · General Discussion · Could use some guidance and/or suggestions.... | << >>Post Follow-up |
| jimjay 4 posts msg #139964 - Ignore jimjay |
12/10/2017 9:48:05 AM http://charts.stockfetcher.com/sfchart/zUCjlx4In4.png Attempting to create a scan filter that can locate stocks that have been in a channel for a long period of time with very narrow highs and lows; this is followed by a sudden, significant move up that closes outside of the highs of the channel with a noticeable increase in volume. The purpose is to find stocks that may be breaking out and up-trending. My attempts of creating the correct phrases have proved to be unfruitful so far, although I haven't given up the ghost yet. The links above kind of show what I mean. Thanks in advance for any assistance. |
| nibor100 1,031 posts msg #139965 - Ignore nibor100 |
12/10/2017 11:40:24 AM Do you really mean "higher volume each day thereafter" because the chart you've attached doesn't have volume increasing every single day.. Regarding higher highs and higher lows, do you have a preferred timeframe for this to happen as it is hard to tell from the chart as there are periods during the run-up where a price hits a lower low before resuming the trend upward. Thanks, Ed S. |
| jimjay 4 posts msg #139966 - Ignore jimjay |
12/10/2017 11:50:20 AM Thanks for the reply Ed :-) The attached chart doesn't represent exactly what I mean. It's the closest thing I could find to it though. Look at the left side where the price highs and lows stayed in a very tight channel for a fairly long time, and there was also very little volume during that time period. Then you will see the volume increases significantly and the price gets above the channel. I'd prefer it to do this without spiking, but just build for a few days with volume increasing each day above the one before. John M. |
| jimjay 4 posts msg #139967 - Ignore jimjay |
12/10/2017 11:58:13 AM just look at the chart as if it ended at the 23rd +- Trying to catch it before the move got rolling. |
| miketranz 961 posts msg #139968 - Ignore miketranz |
12/10/2017 12:01:20 PM |
| jimjay 4 posts msg #139984 - Ignore jimjay |
12/11/2017 8:30:28 AM Thanks for the insight. I'll take a closer look at that later today. |
| miketranz 961 posts msg #140013 - Ignore miketranz modified |
12/12/2017 8:57:46 AM ] |
| StockFetcher Forums · General Discussion · Could use some guidance and/or suggestions.... | << >>Post Follow-up |