Wednesday, September 24, 2008

RFR scan streamlined

If you use the RFR scan (Run, Forrest, Run) from StockFetcher by Avery Horton Jr. then you know that most of us have a love hate relationship with it. We love the scan, and appreciate TRO's efforts (if you don't know what TRO stands for don't ask) but we wish it could be simplified sometimes. Here is a simpler version that 1- compresses down to 2 columns 4-9% and 10%+ gains; and 2- filters out the volcnt below 100% and therefore obviates the need for the volzero column. Here is the truncated code:


set{volcnt, count(volume above 50000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open} 
set{Long_Profit, x1/open } 

set{C1A, count(Long_Profit > .04 , 100)} 
set{C2A, count(Long_Profit > .09, 100)} 
set{C0010, C1A - C2A} 

set{D1A, count(Long_Profit > .09 , 100)} 
set{D1020, D1A} 

and add column daychg2
and add column C0010 {4_9} 
and add column D1020 {10+}

close is between 1 and 15
average volume(90) above 50000
average volume(10) above 250000
volcnt equal 100
offset is 0

sort column 6 descending


Use it in good health, or at your own risk, whichever is more appropriate. (Code modified by Brian, another amazing member of the chat.)

4 comments:

TheRumpledOne said...

Don't know why you would "hate" it.

If it's because you don't have ADVANCED STOCKFETCHER then that's on you!

You are up against the best traders in the world. You should have the best tools that you can afford. If a few bucks more a month is going to kill you, perhaps you should rethink what you're doing.

Will said...

TRO, the regular scan works fine with the standard membership, he just doesn't want all the clutter. He want's what he likes and works for him.
Anytime someone says something about you, you seem to always get a little jealous.
All the scans that you(TRO) have done are easy to do. If your this amazing programmer that you say you are you wouldn't even have to use Stockfetcher. Its not tough to do it on your own if you know programming and you can use whatever language you want and not be constrained by stockfetcher's limits.


Lucky_Charms

johnnyvento said...

TRO,
The error you have made here is called a fallacy of presumption. You began with a false premise that the cause of the streamlining had to do with advanced StockFetcher, then added to that unfortunate error by using that fallacy as the basis for an ad hominem attack in the final line- both of which only serve to humiliate yourself, since you are wrong about everything.

All of this is based on logical reasoning- I would think that this kind of thing would help a computer programmer.

I don't know why you want to turn my streamlining of your code into a personal attack on my trading skills ("you are up against the best traders in the world") and purported income ("if a few bucks more a month is going to kill you"), but I will put my calls up against yours anytime, come on into the chat and make some.

TheRumpledOne said...

Perhaps you should READ what I posted.

I used the word "IF". There is no presumption or assumption. NO FALSE PREMISE.

I use StockFetcher because it's a great tool for the job. Why should I use my programming skills to reinvent the wheel?

Clutter? That's an opinion. Perhaps if you understood better you would not see it as clutter.

You want to put your calls up against mine? Who cares? What's the point? Everyone knows my calls... I posted them a year ago in the POST YOUR LIVE TRADES thread. The BUY ZONE is the same everyday. Just trade AAPL and RIMM.

Jealous? That's a useless emotion. I don't think that's what you meant. Perhaps "defensive". Yes, I will defend whenever attacked.

I post my filters for all to see, use and/or learn from. It's great that you modified it to suit your needs. You stated a "love/hate relationship" without really saying what you hate.

The bottomline is you are making money using the RFR filter and that's all that matters.