snappyfrog
745 posts
msg #161873
- Ignore snappyfrog |
7/4/2025 3:25:22 PM
Xarlor, thanks for getting me started with ChatGPT. I am testing everything that it spits out
that I have an interest in trying. So far it is nothing earth shattering, but this is just a start.
Here are the results of my question to help me write a momentum filter for StockFetcher.
Common Criteria for a Momentum Swing Trading Scan:
Price above moving averages (e.g., 20-day and 50-day MA) → shows bullish trend.
High relative strength (RSI), but not overbought (e.g., RSI(14) between 50 and 70).
High volume (volume spike or above average) → indicates strong interest.
Price breakout above recent resistance → suggests momentum breakout.
Optional filters: price range, ATR, market cap, etc.
Explanation:
close is above MA(20) → momentum is positive short-term.
MA(20) is above MA(50) → trend confirmation.
RSI(14) between 50 and 70 → strength but not overbought.
volume > avg vol(10) → confirming interest.
close above high 10 days ago → breakout.
close between 5 and 150 → price filter for liquidity.
optionable → ensures the stock has options available.
sort by % change(1 day) → shows strongest recent movers.
Variations You Can Add:
MACD bullish crossover
ADX above 20 or 25 for trend strength
Gap-up filter (e.g., open 3% above previous close)
Inside bars / consolidation patterns
Would you like me to adjust this scan to focus more on options trading, faster breakouts, or low-float stocks?
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risjr
230 posts
msg #161874
- Ignore risjr |
7/4/2025 6:48:19 PM
Yes please
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xarlor
604 posts
msg #161875
- Ignore xarlor |
7/5/2025 12:40:52 AM
I've yet to find a better momentum filter than Graftonian's Hull MA50. Just so much winning:
However, if you ask ChatGPT to analyze the filter and offer suggestions, it brings up some interesting ideas to pursue. One such is:
Look for Pullbacks Into Strength
You're chasing the initial breakout right now. That’s fine, but momentum strategies often benefit from buying the first pullback after the breakout. Consider a second filter variant where:
H50 slope is still positive
Price is near or slightly below H50
StochRSI is recovering from oversold (<0.2 to >0.5)
This can complement your current "fresh breakout" style.
I've not played around with any of its suggestions, but it can send you down so many rabbit holes that you may not have spotted before.
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