StockFetcher Forums · General Discussion · confounding??<< >>Post Follow-up
sunspore
13 posts
msg #149834
Ignore sunspore
12/8/2019 3:17:24 PM

I have created a filter that returns incorrect values for 2 of the user-created variables, but then somehow returns the correct final number, which uses the 2 erroneous values in the calculation. The only thing I can figure is that the program has the correct number on the back end, but is displaying an incorrect value on the graphic. The code:

Show stocks where market is not etf
and market is not otc
and the average volume(50) > 250000

and the close is between 5 and 20
and beta is above 1

set{nearest,roc(20)}
set{r1,nearest*10}
set{mid,roc(90)}
set{r2,mid*1.5}
set{r3,roc(125)}
set{r4,roc(250)}
set{ind1,r1+r2}
set{ind2,ind1+r3}
set{ind3,ind2+r4}
set{roc_index,ind3/4}
add column roc_index
add column nearest
add column r1
add column r2
add column r3
add column r4

and roc(90) > 0

and market cap is > 200
and market cap is below 10000

Notice that the output for columns r1 and r2 are incorrect. Yet the roc_index column is correct, which would be impossible if it used the r1 and r2 values it displays in the roc_index formula.

I made a replica of this script that does display the correct r1 and r2 values, the only difference being that i used 3-character names for the variables. But this wouldn't explain why the r2 and r3 columns were correct, or why the roc_index output was correct.

compound_gains
189 posts
msg #149835
Ignore compound_gains
12/8/2019 5:11:36 PM

I believe you'll find that r1 and r2 in an add column are interpreted as pivot point resistance-1 and resistance-2. Same would happen if you used s1 and s2. Use something other than r1 and r2.

Fetcher[
not etf
not otc
average volume(50) > 250000

close between 5 and 20
beta above 1

set{nearest,roc(20)}
set{x1,nearest*10}
set{mid,roc(90)}
set{x2,mid*1.5}
set{x3,roc(125)}
set{x4,roc(250)}
set{ind1,x1+x2}
set{ind2,ind1+x3}
set{ind3,ind2+x4}
set{roc_index,ind3/4}
add column roc_index
add column nearest
add column x1
add column x2
add column x3
add column x4

roc(90) > 0

market cap above 200
market cap below 10000
]



sunspore
13 posts
msg #149836
Ignore sunspore
12/8/2019 5:17:14 PM

Thank you, that makes a lot of sense.

StockFetcher Forums · General Discussion · confounding??<< >>Post Follow-up

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