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Filter Exchange · Screen for Relative Price Strength (RS) Rating above 95 like marketsmith
msg #155010
12/18/2020 11:27:57 AM

One way is to add the line:

rsavg > 1

That will only show you stocks with a relative strength equal greater than the index. Then you want to add the lines:

add column rsavg
sort column 5 descending

The four basic columns that you can't change (but you can sort on) are Symbol, Last, Chg(%), and Vol. When you add a column it becomes the fifth one, so by sorting on the fifth column you'll see the highest RS stocks first.

Keep in mind, a high RS doesn't mean the stock price is moving higher. It just means the stock is doing better than the index you're comparing it to. If the index is dropping the stock may also be dropping but at a lower rate.

General Discussion · Is there a way to successfully predict which stocks will have "juice" going forward?
msg #154977
12/16/2020 6:43:58 PM

I could be wrong, but I don't think there are any filters we can create here that will meet your needs well enough. Having said that, there is at least one thing you can filter for here that might help. That would be relative strength against the SPY and QQQ. Stocks or ETFs that have a high RS compared to those indexes are (in my layman's opinion) likely to be more volatile

Other than that I think your best bet would be using your trading platform to look for either gaps or unusual volume overnight, then checking for news about those stocks or ETFs to see what might be causing the jumps.

Filter Exchange · Screen for Relative Price Strength (RS) Rating above 95 like marketsmith
msg #154976
12/16/2020 6:28:13 PM

I don't know what they're measuring the RS against so this might not help. You might also have to make a watchlist of their stocks to use in a filter. I have something I call my Base Code to measure RS against four different indexes and create an average. I use it in all my filters because I think RS is useful, but that might just be me.

set {rs1, relative strength(^INX,28)} /* S&P 500 Index */
set {rs2, relative strength(^DJIA,28)} /* Dow Jones Industrial Average */
set {rs3, relative strength(^RUT,28)} /* Russell 2000 */
set {rs4, relative strength(^IXIC,28)} /* NASDAQ Composite */
set {rsavg1, rs1 + rs2}
set {rsavg2, rs3 + rs4}
set {rsavg3, rsavg1 + rsavg2}
set {rsavg, rsavg3 / 4}

add column rsavg

Filter Exchange · New Member - Share your filters - cannot scann through 100 pages
msg #153739
8/25/2020 9:08:07 PM

There's almost 20 years of posts here. I get that you can't scan through all of them. I don't think any of us have the time to do that either. Granted this is just my opinion, but you've got to do some work other than just asking for filters. If you're looking for a certain trading style, like fading gaps or chasing breakouts, it would be easier if you used the search bar to search the forums. It's the same if you like certain indicators, like Bollinger Bands or RSI.

At the very least tell us more about things like your trading style and time frames. Are you day trading or swing trading? Or do you have a longer time frame in mind? What about your style? Do you prefer candlestick patterns or other indicators? Just because someone might be making money with a filter doesn't mean it'll work for you.

Filter Exchange · This might be impossible
msg #153738
8/25/2020 8:57:33 PM


Very interesting filters. Thank you for sharing them. I'd been wondering how you found things that were range bound. Best of luck to you.

Filter Exchange · Need advice on Bollinger Width
msg #153501
8/10/2020 6:23:49 PM


What you're saying about not using an absolute value makes sense. I don't remember where I read about this strategy, but the basic idea was that when the bands suddenly start getting wider, farther apart, after they've been in a fairly narrow range for a while, it could be a breakout signal. I had hoped that by using a percent instead of a specific number I could catch some of those but it wasn't working the way I thought it might. I'll give yours a try and I do appreciate the help.

Filter Exchange · Need advice on Bollinger Width
msg #153499
8/10/2020 6:11:16 PM


That second one looks good. Thanks!

Filter Exchange · Where has Graftonians Hull moving avg post gone to????
msg #153486
8/9/2020 2:42:09 PM


Cool! Thanks! I knew there had to be a way but I couldn't find it. I appreciate the help.

Filter Exchange · Where has Graftonians Hull moving avg post gone to????
msg #153477
8/8/2020 11:07:18 PM

How do you "un-ignore" someone if you did ignore them, accidentally or otherwise?

Filter Exchange · Need advice on Bollinger Width
msg #153476
8/8/2020 11:01:43 PM

I'm trying to find stocks that have traded in a narrow range for about a month but are starting to break out. (Aren't we all?) I'm not really knowledgeable about Bollinger Bands but the Bollinger Width indicator seems to be what I need. The problem is I'm not sure I'm using it right. As I understand it, the width is simply the distance between the bands so it if stays within a certain percent, say 1%, it means there's not much happening even if the volume is high. I don't think that's quite right though I can't say why.

Here's what I've got so far, stripped down to the most basic part of the filter. What I want is to find stocks that had a width of less than 1% for about a month but have broken above that in the last 5 days. This doesn't do that, I know, but I can't figure out how to code the line "Bollinger Width(20,2.0) has been < 0.01 for the last 21 days" with a days ago phrase to make it work.

I'm open to changing the width percentage if that will help. I'm open to scrapping this completely if I need to and if someone has a filter that can show stocks trading in a narrow range for about a month then breaking upward out of that range in the last few days.

Thanks for any help.

set {bw0, Bollinger Width(20,2.0)}
set {bw1, Bollinger Width(20,2.0) 1 day ago}
set {bw2, Bollinger Width(20,2.0) 2 days ago}
set {bw3, Bollinger Width(20,2.0) 3 days ago}

close is above Median Bollinger Line(20,2)
Bollinger Width(20,2.0) has been < 0.01 for the last 21 days
bw0 is > bw1
bw1 is > bw2
bw2 is > bw3

do not draw bw3
do not draw bw2
do not draw bw1
do not draw bw0
draw Median Bollinger Line(20,2)

add column separator
add column bw3
add column bw2
add column bw1
add column bw0
add column separator
add column industry
add column sector

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