StockFetcher Forums · Public Filter List · GUPPY REVISITED - A NEW WAY TO LOOK AT IT<< 1 2 3 >>Post Follow-up
graftonian
827 posts
msg #135451
Ignore graftonian
4/15/2017 10:25:54 PM

I was looking over mac the river rats latest post, and it got me to thinking about using ratios to describe price action; but I need some help on one point, I will try to describe that point:
It appears to me that future price action is somehow dependent on how far the user variable "investor_ratio" has risen in the recent past. I would like to quantify this for a possible sort mechanism.
So, if any of you out there can help, "please". And Mac, thanks for the idea.

Fetcher[

CLOSE below 50
and volume is above 100000

chart-time is 6 months
market is not otcbb
market is not etf

add column Average Day Range(30)

draw Average Volume(25)

draw ema(7)
draw ema(8)
draw ema(9)
draw ema(10)
draw ema(11)
draw ema(12)
draw ema(13)
draw ema(14)
draw ema(15)


draw ema(35)
draw ema(40)
draw ema(45)
draw ema(50)
draw ema(55)
draw ema(60)
add column separator
set{trader_ratio, ema(7) / ema(15)}
draw trader_ratio
draw trader_ratio line at 1
add column trader_ratio

set{white_space, ema(15) / ema(35)}
draw white_space line at 1
add column white_space

set{investor_ratio, ema(35) / ema(60)}
draw investor_ratio line at 1
draw investor_ratio line at .95
add column investor_ratio
add column x2
add column separator
add column 2 day slope of trader_ratio
add column 2 day slope of white_space
add column 2 day slope of investor_ratio

/* volume consideration */
set{VolX, volume / Average Volume(30)}
draw volx and draw volx line at 1

set{inv_x, days(investor_ratio less than 1, 60)}
add column inv_x
inv_x between 0 and 5
do not draw inv_x
/*filter*/
investor_ratio between 0.95 and 1.05
2 day slope of investor_ratio > 0
2 day slope of white_space > 2 day slope of investor_ratio
2 day slope of trader_ratio > 2 day slope of white_space
sort on column 13 descending
]



graftonian
827 posts
msg #135476
Ignore graftonian
modified
4/17/2017 5:49:29 PM

The original filter posted in msg #135451 has been modified and is obsolete

Fetcher[
CLOSE below 50
and volume is above 100000

chart-time is 6 months
market is not otcbb
market is not etf

add column Average Day Range(30)

draw Average Volume(25)

draw ema(7)
draw ema(8)
draw ema(9)
draw ema(10)
draw ema(11)
draw ema(12)
draw ema(13)
draw ema(14)
draw ema(15)


draw ema(35)
draw ema(40)
draw ema(45)
draw ema(50)
draw ema(55)
draw ema(60)
add column separator
set{trader_ratio, ema(7) / ema(15)}
draw trader_ratio
draw trader_ratio line at 1
add column trader_ratio

set{white_space, ema(15) / ema(35)}
draw white_space line at 1
add column white_space

set{investor_ratio, ema(35) / ema(60)}
draw investor_ratio line at 1
draw investor_ratio line at .95
add column investor_ratio
add column x2
add column separator
add column 2 day slope of trader_ratio
add column 2 day slope of white_space
add column 2 day slope of investor_ratio

/* volume consideration */
set{VolX, volume / Average Volume(30)}
draw volx and draw volx line at 1

set{inv_x, days(investor_ratio less than 1, 60)}
add column inv_x
inv_x between 0 and 5
do not draw inv_x
/*filter*/
investor_ratio between 0.95 and 1.05
2 day slope of investor_ratio > 0
2 day slope of white_space > 2 day slope of investor_ratio
2 day slope of trader_ratio > 2 day slope of white_space
sort on column 13 descending
do not draw 2 day slope of investor_ratio
do not draw 2 day slope of white_space
do not draw 2 day slope of trader_ratio
]



pthomas215
1,251 posts
msg #135478
Ignore pthomas215
4/17/2017 7:22:34 PM

GRAF, great filter. question--visually when you are looking at the ones that pop up, are you looking for the short term and long term averages to be compressed, or spacing in between the averages?

graftonian
827 posts
msg #135481
Ignore graftonian
4/17/2017 10:32:20 PM

@PT
Choosing is kind of a subjective thing. Standing back and looking at all the charts tonight (4/17), only one really stands out, that being SCON.
Why?
1. the investor_ group is coming out of a deep low
2. the white_space and trader_ group are making a good run, although I'd like to see the trader_group a little more stable.
3. volume is OK, but nothing to write home about.
4. the 2 day slopes of the 3 groups, excellent; seldom do I see a slope greater than .01.

I have not checked the news, insider trades, etc.

The next choice, and far distant second would be TRCH

pthomas215
1,251 posts
msg #135484
Ignore pthomas215
4/17/2017 11:19:47 PM

Thank you. SCON really popped today. If it doesnt continue right away, it seems it will do what many do...drop down to the EMA 13 (in this case 1.90) and then back up after consolidation.

That said, I would say you created the best GUPPY filter, Brother !

pthomas215
1,251 posts
msg #135490
Ignore pthomas215
4/18/2017 1:37:21 PM

GRAF, I took SCON today at 2.10. it ran to 2.20 and I got out because i saw that it resists at 2.20. If it goes to 2.30, I will get back in. i just wanted to share my thinking on it.

graftonian
827 posts
msg #135491
Ignore graftonian
4/18/2017 2:26:44 PM

Nice going, PT. I just wasn't happy with SCON, and finally got in at 0905(cdt) $2.24, only to be stopped out at1020 ($2.13).

I tried COUP from my GUPPY REVISITED filter, nothing there, stopped out this AM

And from my X MARKS THE SPOT, I tried ENZ and RMTI. Only RMTI is in play, but the volume is cooling, and the trader group slowly contracting. A little gain, but not enough to make up for the 3 losses and commissions.

On all my trades I am working on the 15 minute chart, with stop-loss at EMA(13). Maybe that is unreasonable, but I hate to lose. COUP recovered and is at a small gain at this time, However, ENZ and SCON continue to fall.

"it ain't what you trade, it's how you trade it"
TRO

pthomas215
1,251 posts
msg #135493
Ignore pthomas215
modified
4/18/2017 4:44:39 PM

I know. I hate stopping out. I did get back in SCON at 2.11, mostly because Barchart has it as a really strong buy, and is not in overbought territory. so less on technicals and more on fundaments. however I do think it is hitting support @2.05 or so.

graftonian
827 posts
msg #135494
Ignore graftonian
modified
4/18/2017 6:56:33 PM

Not much to select from tonight, HRTX being the only candidate IMHO. Good Luck.

On another subject, pull up a 1 year chart of SQQQ and SPXU with the guppy lines. Let me know what you think.

pthomas215
1,251 posts
msg #135496
Ignore pthomas215
4/18/2017 8:14:47 PM

Yeah, good find on those two. From LT and ST averages standpoint, it appears that eventually price action can only go up. the question is how long it will take to start happening. I look on a 2 day 30 minute chart all the time to see movements that will most likely take place in the short term. with SQQQ and SPXU, it appears they are both on the fence. could go either way. But within the week I would expect price to move above the averages. I got in CUK, TXMD and SCON late today because they look good on a 2 day 30 minute chart. I am biased towards catching entry when price is upward moving but still below the MA20 and EMA13. That way, even if I catch half the run up and price doesnt go all the way to the upper BB, I can still get out with decent profit.

StockFetcher Forums · Public Filter List · GUPPY REVISITED - A NEW WAY TO LOOK AT IT<< 1 2 3 >>Post Follow-up

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