StockFetcher Forums · General Discussion · Any FAS/FAZ traders here?<< 1 ... 7 8 9 10 11 ... 17 >>Post Follow-up
Eman93
4,750 posts
msg #73533
- Ignore Eman93
modified		 4/15/2009 6:55:25 PM

I have this set to display FAZ and FAS gaps in % the profit is high-open of the day. Pain is open - low.

Another gap display, in the Gap column (gp%) if it is negitive it is a gap up.


Fetcher[/* Emans Gap down above yesterdays low */
close is above 2
/*open is more than 2% below close 1 DAY AGO*/
/*and open > low 1 day ago*/

and Average Volume(30) is above 1000000 do not draw Average Volume(30)
and draw MACD(12,26,9)
and draw RSI(14)
/*and the 5 day slope of ema(10) is above 0*/
set{profit, high-open}
set{pr, profit/open}
set{profit%, pr * 100}

set{gap, close 1 day ago - open}
set{gp, gap/close 1 day ago}
set{gp%, gp * 100}

set{pain, open - low}
set{pa, pain / open}
set{pain%, pa * 100}

add column gp%
add column low 1 day ago {low-1}
add column close 1 day ago {close-1}
add column open
add column low
add column high
add column profit%
add column pain%

sort column 5 descending

symlist(fas,faz)]
Eman93
4,750 posts
msg #73537
- Ignore Eman93		 4/15/2009 11:51:02 PM

Chet,
What I am trying to do is calc the stats on FAS and FAZ, is there a greater profit potental on gap downs or on gap ups high-open. Then if the gap is down and above yesterdays low what is the avg profit?

I have been working on it but I think the sleep depravation is starting to ware me down...... its also cool if you remove some of the /*sutff*/.

If you know the percentages you can bet accordingly.............
chetron
2,817 posts
msg #73540
- Ignore chetron		 4/16/2009 7:05:51 AM

UNFORTUNATLY, I AM NOT SLEEP DEPRIVED, JUST WRITERS BLOCK.




conyeuchua
83 posts
msg #73556
- Ignore conyeuchua		 4/16/2009 11:42:16 PM

May be this is what you've been looking for? Good luck.

http://forums.stockfetcher.com/sfforums/?q=view&fid=1002&tid=68667&qrid=&isiframe=

http://www.stockfetcher.com/ui2/sffilter2.php



Fetcher[
/* Authors: lctrcbddha and TheRumpledOne */

/*
http://www.stockfetcher.com/ui2/sffilter2.php
*/


/*

GAPS FILLED REPORT, version 2

Inspired by TRO's Gap Fill Statistics

NOTES:

min_gap

Specifies that the gap must be of at least a certain size to be considered. For example if set to 0.50, the report would only consider days in which the the price gapped up or down by .50 as having gapped at all. Default is 0.00, meaning any gap up or down is considered a gap day.

min_fill

Specifies how close the price must come to the previous close to be considered successful gap fill. For example if set to 0.50, the gap would be reported as successfully filled if the price came within .50 of the previous close. Could also be used to specify that the price must exceed the previous close by setting to a negative number. Default is 0.00, meaning the price must reach the previous close to be considered a successful fill.

min_profit

Specifies a minimum fill from the opn to be considered profitable. This differs from min_fill, which considers how close the price comes to the previous close. Rather, min_profit considers how far from the opening the price must go to be considered profitable. For example if set to 1.00, the gap would considered profitable if the price moved in the direction of the gap by at least 1.00 regardless of whether the gap actually filled or not. Default is 0.00, meaning any movement from the open is considered profitable.

These two, min_fill and min_profit, are independent of each other, meaning that one does not have to be successful for the other to considered successful. However, each day must still satisfy min_gap.

EXAMPLE A:

min_gap set to 0.00
min_fill set to 0.00
min_profit set to 0.00

The resulting report would show all gaps of any size which filled to the previous close. Since min_profit is set to 0, all gaps are reported as profitable.

EXAMPLE B:

min_gap set to 1.00
min_fill set to 0.50
min_profit set to 0.00

The resulting report would show gaps of at least 1.00 which filled to at least within .50 of the previous close.

EXAMPLE C:

min_gap set to 1.00
min_fill set to 0.00
min_profit set to 1.00

The resulting report would show gaps of at least 1.00 which filled to the previous close, and also gaps of at least 1.00 which moved at least 1.00 in the direction of the gap. Keep in mind that the two success rates may differ, since a gap of 1.50 which fills to within .25 of the previous close would not be considered a successful fill but would be considered a successful profit.

EXAMPLE D:

min_gap set to 1.00
min_fill set to 0.50
min_profit set to 0.50

The resulting report would show gaps of at least 1.00 which filled to within .50 of the previous close, and also gaps of at least 1.00 which moved at least .50 in the direction of the gap. Again, the two success rates may differ.

*/


/* TUNEABLE VARIABLES - see notes above */

set{MIN_GAP, 0.00}
set{MIN_FILL, 0.00}
set{MIN_PROFIT, 0.00}

apply to symlist( fas,faz)
/*
market is nasdaq
close above 40
average volume(30) above 1000000
*/


/* TARGETS */

set{MIN_OPEN, close 1 day ago + MIN_GAP}
set{MAX_OPEN, close 1 day ago - MIN_GAP}

set{SHORT_FILL, close 1 day ago + MIN_FILL}
set{LONG_FILL, close 1 day ago - MIN_FILL}

set{SHORT_PROFIT, open - MIN_PROFIT}
set{LONG_PROFIT, open + MIN_PROFIT}

/* GAPS UP */

set{GAP_UP_NET, open - MIN_OPEN}
set{GAPPED_UP, sign(GAP_UP_NET)}
set{GAPS_UP, count(GAPPED_UP > 0, 100)}

set{SHORT_FILL_NET, SHORT_FILL - low}
set{SHORT_PROFIT_NET, SHORT_PROFIT - low}

set{LOW_BELOW_FILL, sign(SHORT_FILL_NET)}
set{LOW_BELOW_PROFIT, sign(SHORT_PROFIT_NET)}

set{GAP_UP_AND_FILL, GAPPED_UP + LOW_BELOW_FILL}
set{GAP_UP_AND_PROFIT, GAPPED_UP + LOW_BELOW_PROFIT}

set{GAPS_UP_WITH_FILLS, count(GAP_UP_AND_FILL > 1, 100)}
set{GAPS_UP_WITH_PROFITS, count(GAP_UP_AND_PROFIT > 1, 100)}

/* GAPS DOWN */

set{GAP_DOWN_NET, MAX_OPEN - open}
set{GAPPED_DOWN, sign(GAP_DOWN_NET)}
set{GAPS_DOWN, count(GAPPED_DOWN > 0, 100)}

set{LONG_FILL_NET, high - LONG_FILL}
set{LONG_PROFIT_NET, high - LONG_PROFIT}

set{HIGH_ABOVE_FILL, sign(LONG_FILL_NET)}
set{HIGH_ABOVE_PROFIT, sign(LONG_PROFIT_NET)}

set{GAP_DOWN_AND_FILL, GAPPED_DOWN + HIGH_ABOVE_FILL}
set{GAP_DOWN_AND_PROFIT, GAPPED_DOWN + HIGH_ABOVE_PROFIT}

set{GAPS_DOWN_WITH_FILLS, count(GAP_DOWN_AND_FILL > 1, 100)}
set{GAPS_DOWN_WITH_PROFITS, count(GAP_DOWN_AND_PROFIT > 1, 100)}

/* OVERALL */

set{TOTAL_GAPS, GAPS_UP + GAPS_DOWN}

set{GAPS_WITH_FILLS, GAPS_UP_WITH_FILLS + GAPS_DOWN_WITH_FILLS}
set{GAPS_WITH_PROFITS, GAPS_UP_WITH_PROFITS + GAPS_DOWN_WITH_PROFITS}

set{GAP_UP_FILL_PCT, GAPS_UP_WITH_FILLS / GAPS_UP}
set{GAP_UP_PROFIT_PCT, GAPS_UP_WITH_PROFITS / GAPS_UP}

set{GAP_DOWN_FILL_PCT, GAPS_DOWN_WITH_FILLS / GAPS_DOWN}
set{GAP_DOWN_PROFIT_PCT, GAPS_DOWN_WITH_PROFITS / GAPS_DOWN}

set{NET_GAP, open - close 1 day ago}
set{ABS_GAP, abs(NET_GAP)}


/* RESULTS */

add column TOTAL_GAPS {Gaps}
add column GAPS_WITH_FILLS {Fills}
add column GAPS_WITH_PROFITS {Profit}
add column cema(ABS_GAP,100) {Avg Gap}
add column separator
add column GAPS_UP {Gaps Up}
add column GAPS_UP_WITH_FILLS {Fill}
add column GAP_UP_FILL_PCT {F %}
add column GAPS_UP_WITH_PROFITS {Prof}
add column GAP_UP_PROFIT_PCT {P %}
add column separator
add column GAPS_DOWN {Gaps Down}
add column GAPS_DOWN_WITH_FILLS {Fill}
add column GAP_DOWN_FILL_PCT {F %}
add column GAPS_DOWN_WITH_PROFITS {Prof}
add column GAP_DOWN_PROFIT_PCT {P %}
add column separator
sort by column 6 descending


/* DISPLAY */

chart type is ohlc
chart-time is 100 days

draw gapped_up
draw gap_up_and_fill
draw gap_up_and_profit

draw gapped_down
draw gap_down_and_fill
draw gap_down_and_profit
]
Eman93
4,750 posts
msg #73558
- Ignore Eman93
modified		 4/16/2009 11:59:20 PM

This is cool I thought I had most of the gap fill stuff...

Thanks....
Eman93
4,750 posts
msg #73560
- Ignore Eman93		 4/17/2009 12:21:42 AM

conyeuchua,

Thanks again ths is has some real power.......

conyeuchua
83 posts
msg #73573
- Ignore conyeuchua		 4/17/2009 10:11:36 AM

Eman93, you are very welcome. Credits go to the authors: lctrcbddha and TheRumpledOne.
I really like this filter that's why I remember it although I haven't quite understood the "profit" part.
Good luck and happy trading.


Eman93
4,750 posts
msg #73645
- Ignore Eman93		 4/18/2009 10:34:58 PM

Some large short action on FAZ from 819k short to 6.5mil short. vol up 348%

Financial Bear 3x $ 8.90
FAZ -0.42

Short Interest (Shares Short) 6,521,200
Days To Cover (Short Interest Ratio) 0.1
Short Percent of Float %
Short Interest - Prior 819,500
Short % Increase / Decrease 695.75 %
Short Squeeze Ranking™

% From 52-Wk High ($ 201.86 ) -2168.09 %
% From 52-Wk Low ($ 8.92 ) -0.22 %
% From 200-Day MA ($ 52.82 ) -493.48 %
% From 50-Day MA ($ 41.45 ) -365.73 %
Price % Change (52-Week) %

Shares Float
Total Shares Outstanding 68,000,000
% Owned by Insiders %
% Owned by Institutions %
Market Cap. $ 605,200,000
Trading Volume - Today 231,914,243
Trading Volume - Average 66,629,000
Trading Volume - Today vs. Average 348.07 %
Earnings Per Share
PE Ratio
Record Date 2009-AprilA

Sector
Industry
Exchange NY
------------------------------------------------------
FAS from 11.9mil short too 24 mil short.

Direxion $ 9.40
FAS 0.36

Short Interest (Shares Short) 23,977,100
Days To Cover (Short Interest Ratio) 0.1
Short Percent of Float %
Short Interest - Prior 11,944,000
Short % Increase / Decrease 100.75 %
Short Squeeze Ranking™

% From 52-Wk High ($ 58.71 ) -524.57 %
% From 52-Wk Low ($ 2.32 ) 75.32 %
% From 200-Day MA ($ 15.30 ) -62.77 %
% From 50-Day MA ($ 5.57 ) 40.74 %
Price % Change (52-Week) %

Shares Float
Total Shares Outstanding 162,000,000
% Owned by Insiders %
% Owned by Institutions %
Market Cap. $ 1,522,800,000
Trading Volume - Today 319,975,260
Trading Volume - Average 310,968,700
Trading Volume - Today vs. Average 102.90 %
Earnings Per Share
PE Ratio
Record Date 2009-AprilA

Sector
Industry
Exchange NY




Eman93
4,750 posts
msg #73646
- Ignore Eman93
modified		 4/18/2009 10:37:07 PM


IF you only trade FAS and FAZ you have a 50/50 chance of being right, its a coin flip.
EWZuber
1,373 posts
msg #73681
- Ignore EWZuber		 4/19/2009 7:38:52 PM

Someone thinks that FAZ has legs on Monday, volume spiked in the final hour as FAS closed below the 5HR.MA on high volume.
Support for FAS is not far though. Going short this quickly after a minor turn of indicators requires a readyness to take profits near support/resistance, IMO.
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