Kicker signal-need help

rameshbhat

scan logic:
the first candle closed lower than it opened
the first candle is a long candle(body at least as long as shadow
the second candle opens at or above the level of previous open
the second candle closed above where it opened
the second candle is a long candle (body at least as long as shadow)
the second candle does not trade (retrace)into previous candle trading range.

My scan writeup gave a totally different results. Thanks in advance for your help.

lmkwin

Please post your scan code for suggestions. It's easier to help that way.

markd

// 1 - the first candle closed lower than it opened

and [ 1 day ago close < 1 day ago open]

// 2a - the first candle is a long candle(body at least as long as shadow)
// this way uses Stockcharts' definition, whatever that is

and [ 1 day ago Long Body = true ]

// 2b - your way would be

and [ [1 day ago close < 1 day ago close] ] // this repeats first statement, but no harm
and [ [ 1 day ago open - 1 day ago close] > 1 day ago range * 0.5] // new editor likes "0.5" vs ".5"

// 3 - the second candle opens at or above the level of previous open

and [open >= 1 day ago open]

// 4 - the second candle closed above where it opened

and [close > open] // the scan engine defaults to daily data, so you don't have to say "daily" (but OK if you do)

// 5 - the second candle is a long candle (body at least as long as shadow)

and [close > open ] // repeats 4, but no harm
and [ [close - open] > range * 0.5] // or you could use [Long Body is true] if that's better for you

// 6 - the second candle does not trade (retrace)into previous candle trading range.

I'm not sure what you mean by this. If today's open > 1 day ago open (condition 3), but not greater than yesterday's high, then there will be some retracement (some of today's prices will be inside yesterday's range), unless yesterday's open was also yesterday's high.

If you mean today's prices do not go below today's open, then

and [open = low]

If you really mean no retracement at all, then,

and [low > 1 day ago high]

but then condition 3 is not necessary.

Hope that helps.

rameshbhat

[type = stock] AND
[country = US] AND
[Daily SMA(20,Daily Volume) > 400000] AND
[Yesterday's Daily Open < Yesterday's Daily Close] AND
[[yesterday's open - Yesterday's close] > 0] and
[ [yesterdays open - yesterday's close] > [high-low] * .5]
//[Yesterday's Daily AbsGain >= Daily Range * 0.5] AND
and [Daily Open <= Yesterday's Daily Open] AND
[Daily Low <= Yesterday's Daily Open] AND
[Daily Close < Daily Open]
and [[close - open] > 0]
and [ [close - open] < [high-low] * .5]

thanks for your help