StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 33 34 35 36 37 ... 40 >>Post Follow-up
TheRumpledOne
6,529 posts
msg #81313
Ignore TheRumpledOne
10/17/2009 10:00:52 PM

POP TO THE TOP

TheRumpledOne
6,529 posts
msg #84137
Ignore TheRumpledOne
12/10/2009 9:35:59 AM



Fetcher[
/* gap fill statistics buy close, sell open*/

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 100)}
set{gapdn100f, count(gapdnfilled > 0, 100)}

set{gapfilled, gapup100f + gapdn100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedup100
and add column gappeddn100
and add column gapfilled
and add column gapup100f
and add column gapdn100f

and add column cma(absgap, 100)
and add column absgap 100 day high
and add column absgap 100 day low

/* SELECTION CRITERIA */

symlist(fre)

/* SORT CRITERIA */

SORT COLUMN 5 DESCENDING
]





TheRumpledOne
6,529 posts
msg #84682
Ignore TheRumpledOne
12/19/2009 12:44:43 AM

Did anyone notice I put FRE in the previous post?

Did anyone notice what FRE has done since I posted ?



cunparis
71 posts
msg #88173
Ignore cunparis
2/12/2010 3:37:09 AM

Good catch with FRE.

I don't really understand how you know to buy close & sell open based on your filter. In FRE case, it seems to gap up as much as it gaps down, so wouldn't that give you a 50/50 chance?



TheRumpledOne
6,529 posts
msg #88198
Ignore TheRumpledOne
2/12/2010 11:56:03 AM

I don't understand your question.

This filter is a statistical report. It shows you the best candidates to FADE THE GAP.

cwn6161
40 posts
msg #88575
Ignore cwn6161
2/23/2010 11:04:26 AM

TRO, your previous filter post was titled "buy close, sell open" and FRE showed up on the filter

paris was asking why FRE was decent shot to buy its close, since its gap up/gap down % are so close to each other

sbuck143
88 posts
msg #89184
Ignore sbuck143
3/5/2010 6:10:28 PM

bumping for newbies like me.

Venice
82 posts
msg #89359
Ignore Venice
3/10/2010 9:53:04 AM

Hi TRO, a question here. How do you normally enter gap fading trades? For instance, one great candidate for your filter is GENZ. Currently shows a 82% gap filling rate.

Do you set a market order at the end of the previous day to let it buy at whatever is available at open, then sell just below the previous days close? The biggest issue I am having understanding this is when you actually enter the trade, and how. Do you just usually use a limit order right at 9:30?

cwn6161
40 posts
msg #89475
Ignore cwn6161
3/12/2010 11:49:35 AM

Since you don't know which direction it will gap, you can't really prepare for the next day. The best bet is to use limit orders in the morning.

TheRumpledOne
6,529 posts
msg #89489
Ignore TheRumpledOne
3/12/2010 3:34:39 PM

Use the BUY ZONE to FADE THE GAP.



StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 33 34 35 36 37 ... 40 >>Post Follow-up

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