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gabbyr2828 4 posts msg #121739 - Ignore gabbyr2828	10/19/2014 7:41:17 AM Need assistance in building a filter that will look like this 1.The first candle makes a low. 2.The second candle makes a lower low. 3.The third candle makes a higher low. Any suggestions? Thanks
Kevin_in_GA 4,599 posts msg #121740 - Ignore Kevin_in_GA	10/19/2014 9:03:13 AM Need assistance in building a filter that will look like this 1.The first candle makes a low. 2.The second candle makes a lower low. 3.The third candle makes a higher low ++++++++ Well, every candle makes a low. Not sure if you meant a lower low than the previous day but let's say that that is the case (if it is not then just remove the last line of the filter). Fetcher[ low is above low one day ago low one day ago is below low two days ago low three days ago is below low 4 days ago ] That is all you need. However, this filter does not by itself help much in selecting trades as it is too general and will return far too many candidates. I would add some additional restrictions on price and volume, like this: Fetcher[ close is above 5 average volume(30) is above 250000 low is above low one day ago low one day ago is below low two days ago low three days ago is below low 4 days ago ] Or you can get a little fancier by using the count() function and require that EVERY day of the last 30 days has had a volume of at least 250000: Fetcher[ close above 5 count(volume above 250000,30) above 29 low is above low one day ago low one day ago is below low two days ago low three days ago is below low 4 days ago ] or simply select large cap stocks to insure decent liquidity Fetcher[ market is S&P 500 low is above low one day ago low one day ago is below low two days ago low three days ago is below low 4 days ago ]

StockFetcher Forums · General Discussion · building a filter

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