imanga
13 posts
msg #158570
- Ignore imanga |
2/11/2022 5:05:15 AM
Hi All,
I am trying to build a filter that would list stocks that have made 2 swing lows and is about to break the last high or is near the last high [ 1-2 days ]. [ This can be applied for short as well ]
This is an excellent strategy that helps join a recent trend and a very high probability of a breakout.
I have tried a few and below is the best I could get close to it. Appreciate any suggestions to enhance the filter
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xarlor
581 posts
msg #158571
- Ignore xarlor |
2/11/2022 8:01:13 AM
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imanga
13 posts
msg #158580
- Ignore imanga |
2/12/2022 2:28:47 AM
Thanks, @xarlor, not exactly what I am after but it does provide a start. The entry point is after double bottom [ or a long downtrend ] is formed and the uptrend is in place. I am looking for 2 dips and then a price to test the recent high.
Not sure if this is going allowed on the form, but here is what I have sketched to
https://i.postimg.cc/Gpb9cTRJ/2022-02-12-11h24-35.png
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xarlor
581 posts
msg #158581
- Ignore xarlor |
2/12/2022 10:45:32 AM
Although not perfect, using some creative Darvas Box manipulation gets you awfully close. I can't remember where I got this filter from, but it wasn't my creation. Credit to the SF user that built it.
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imanga
13 posts
msg #158582
- Ignore imanga |
2/12/2022 11:09:08 AM
Appreciated xarlor !
Yes looks close enough. Have not worked O
On Darvas box as am a Eillott Wave enthusiast but will definitely check it out.
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