maxbasily
57 posts
msg #54867
- Ignore maxbasily |
9/17/2007 11:44:06 AM
Iīve been looking at your gap filters TRO - and thereīs a huge deficit: where to place stops!!?? too close - too many "re-entries", too far - risk/reward goes dramatically against you..
so, can you try to create us a filter that finds stocks that:
"fill the highest percentage of gaps WITH THE SMALLEST DAILY DRAWDOWN!!" (and set the average gap-fill amount, and the average draw down amount)
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maxbasily
57 posts
msg #54869
- Ignore maxbasily |
9/17/2007 2:01:19 PM
and how do I modify your initial gap screen (below)to filter for stocks that :
"GAPPED UP above the previous HIGH but not more than 2%
and
GAPPED DOWN below the previous LOW but not more than 2%"
thx!!!
/* gap fill statistics */
set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}
set{absgap, abs(Xgapped)}
set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}
set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }
set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}
set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }
set{gapup100f, count(gapupfilled > 0, 100)}
set{gapdn100f, count(gapdnfilled > 0, 100)}
set{gapfilled, gapup100f + gapdn100f}
/* DRAW PLOTS */
DRAW XGAPPED ON PLOT XGAPPED
/* DISPLAY COLUMNS */
and add column gappedup100
and add column gappeddn100
and add column gapfilled
and add column gapup100f
and add column gapdn100f
and add column cma(absgap, 100)
and add column absgap 100 day high
and add column absgap 100 day low
/* SELECTION CRITERIA */
CLOSE ABOVE 40
AVERAGE VOLUME(30) ABOVE 1000000
MARKET IS nasdaq
/* SORT CRITERIA */
SORT COLUMN 7 DESCENDING
GAPPED UP above the previous HIGH but not more than 2%
and
GAPPED DOWN below the previous LOW but not more than 2%
thatīd be a great help!!
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