Thursday, March 29, 2007

Break Out Filter Code

Here's the break out filter for anyone who doesn't have that code yet -

show stocks where close is between 15 and 35
and average volume(90) > 500000
and the close is above the upper ascending triangle(40)
and the close 1 day ago is below the upper ascending triangle(40) 1 day ago


Once more I'm using the old keeping it simple approach.

The market seems to have turned as I suspected it would after all the exuberance this morning - I'm going to play golf - see you this evening with the Wrap.

4 comments:

JOSEPH said...

Marlyn,

Are you a subscriber to StockFetcher?

Because I don't see the upper ascending triangle indicator.

Marlyn Trades said...

Yes - this is a stockfetcher.com filter.

This is from their "help" panels

StockFetcher now has the ability to detect triangle patterns. We currently support:

# ascending triangles
# descending triangles
# symmetric triangles

Below are some examples demonstrating how to take advantage of this new feature using the StockFetcher text-based filtering:

Just go to help and type "ascending triangle" you'll see the article.

Procopia said...

Well written article.

QUALITY STOCKS UNDER 5 DOLLARS said...

Who knows the code.