nkhaladkar
4 posts
msg #152285
- Ignore nkhaladkar |
5/22/2020 5:32:57 PM
Hi,
I need help with a filter I wrote below. The purpose of this filter is to identify stocks that have broken out of a downward sloping resistance line in a last few days, but are not too far above the resistance line. It seems to work OK, but I am not seeing certain stocks that meet this criteria. For example, on May 18th Boeing (BA) broke out of a short term downward sloping resistance line, but for some reason I am not able to capture it with my filter:
show stocks where close crossed above resistance(45,15,1) in last 5 days
and close is less than 7% above resistance(45,15,1)
and close is above resistance(45,15,1)
and resistance slope(45,15,1) is below 0
and volume is above 500000
and close is above 10.00
and draw MA(50)
and draw MA (200)
Any help you can provide me is greatly appreciated.
Thanks,
Nick.
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Cheese
1,374 posts
msg #152289
- Ignore Cheese |
5/23/2020 2:39:49 PM
maybe
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snappyfrog
749 posts
msg #152297
- Ignore snappyfrog
modified |
5/23/2020 8:10:48 PM
Thanks Cheese. I added my own twists and seem to get much better results with penny stocks (0.10 - $3.00).
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Cheese
1,374 posts
msg #152299
- Ignore Cheese |
5/23/2020 9:35:16 PM
Thanks, snappy.
I am not into pennies or options, but I am curious: Are you trading pennies using options?
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snappyfrog
749 posts
msg #152300
- Ignore snappyfrog
modified |
5/23/2020 9:45:09 PM
No Cheese. I will drop some money on pennies if the setup looks right, but not using options.
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nkhaladkar
4 posts
msg #152303
- Ignore nkhaladkar |
5/24/2020 2:51:07 AM
Thank you very much for your responses. Happy trading!
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snappyfrog
749 posts
msg #152305
- Ignore snappyfrog |
5/24/2020 9:01:18 AM
Is there a way to use this "resistance line" on another indicator, say the RSI? Just thinking out loud.
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Cheese
1,374 posts
msg #152307
- Ignore Cheese |
5/24/2020 10:56:15 AM
snappyfrog 5/24/2020 9:01:18 AM
Is there a way to use this "resistance line" on another indicator, say the RSI? Just thinking out loud.
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Would you consider this as resistance
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snappyfrog
749 posts
msg #152312
- Ignore snappyfrog |
5/24/2020 11:13:34 PM
That is not quite what I envisioned, but thanks. I guess it would be more of a trend line, such as finding divergence between price an the RSI or another indicator / oscillator.
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