StockFetcher Forums · General Discussion · Double Failure Swing Low [ DFSL ]<< >>Post Follow-up
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

Fetcher[ show stocks where the Fibonacci Down(65,10) is near 0.618 90 days ago
do not draw Fibonacci Down(65,10)
]





xarlor
561 posts
msg #158571
Ignore xarlor
2/11/2022 8:01:13 AM

Fetcher[
pattern is double-bottom
]



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

xarlor
561 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.

Fetcher[
set{X1, count(close reached a new 52 week high within the last 90 days,1)}
set{X2, count(darvas box above darvas box 1 week ago,1) * count(darvas box above darvas box 3 weeks ago,1)}
set{x3, count(close > WMA(150),1)}
set{x4, X1 * X2}
set{x5, X3 * X4}

/* Only show stocks that reached a new 2-year high within the last 10 days */
set{2yrh,count(close reached a new high 2 year high,10)}
set{x6,x5*2yrh}
x6 > 0
]



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.



StockFetcher Forums · General Discussion · Double Failure Swing Low [ DFSL ]<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2022 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.