StockFetcher Forums · General Discussion · Dr.Elder kangaroo tail filter needed<< >>Post Follow-up
BenH
32 posts
msg #143995
Ignore BenH
7/2/2018 2:20:15 PM

hello everyone. would it be possible to create a filter from one Dr Elder's. Its called kangaroo tail. A reversal signal at the top or bottom of a trend. the candle consists of the wick being 3 times or more than the body. For the up trend reversal the wick is at the top and opposite for a bottom reversal. an example is BDR on june 4th.The gap up is not required. I have a hard time scanning for these. I have used hangman and dragon flys signals. Thanks for your help and a search on SF shows nothing. I haven't figured out on how to create a candle filter like that one

four
5,087 posts
msg #143996
Ignore four
modified
7/2/2018 4:20:44 PM

You will need to add info to the filter for what you consider an up-trend.



tmuesing
19 posts
msg #143997
Ignore tmuesing
modified
7/2/2018 4:21:14 PM

Maybe this "Candle Parts Filter" will help you.

Submit
Fetcher[

/* CANDLE PARTS % */
market is not otcbb
close > 5 for the last 10 days
close < 500 for the last 10 days
average volume (10) > 1000000

set{range, high - low}
set{ctop, MAX(open, close)}
set{cbot, MIN(open, close)}

/* top tail */
set{ccc, high - ctop}
set{ddd, ccc / range}
set{TopTail%, ddd * 100}

/* body */
set{eee, ctop - cbot}
set{fff, eee / range}
set{CandleBody%, fff * 100}

/* bottom tail */
set{ggg, cbot - low}
set{hhh, ggg / range}
set{BottomTail%, hhh * 100}

/* pick your size */
set{x3, CandleBody% * 3}
BottomTail% > x3

add column separator
add column high
add column ctop
add column cbot
add column low
add column separator
add column TopTail%
add column CandleBody%
add column BottomTail%
add column separator
sort on column 13 descending
do not draw TopTail%
do not draw CandleBody%
do not draw BottomTail%
draw MA(50)

]



tmuesing
19 posts
msg #144001
Ignore tmuesing
modified
7/2/2018 4:35:54 PM

happy filtering!

BenH
32 posts
msg #144002
Ignore BenH
7/2/2018 6:39:31 PM

Thanks Gentleman. that gives me something to work with. Four, I was thinking 3 plus weeks

four
5,087 posts
msg #144005
Ignore four
modified
7/2/2018 10:27:02 PM

"3 plus weeks"

Ok, there's your time (3 plus weeks).

Next, how is the trend measured as up (Indicator(s) and value(s))?:
Single indicator or combination of indicators:?

RSI(10) > 50, RSI(15) > 35
Stochastic (slow or fast)
1 or more moving averages (ma(9) > ma(30)
CCI(14) or CCI(100)
Bollinger Bands(20,2) or (15,2.2) or ...
Other...?


Next, position size and stop-loss and profit taker?

StockFetcher Forums · General Discussion · Dr.Elder kangaroo tail filter needed<< >>Post Follow-up

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