Intra day trending stocks

C

calhawk01

Hi All-

I'm working on a strategy that requires stocks to trend intraday.

Any ideas on how to create a filter for this? I'm trying to screen for stocks that trend intraday. For example, once the stock decides to go up.. it continues to go up all day.. or if it goes down.. it goes down all day.

I'm not sure this is possible to create in stock fetcher? Since stock fetcher does not support tick data. BUt it would be great if we can think of a way to use EOD bars to screen for this. Any ideas?
 
I don't know what software you have, but with something like Think Or Swim or maybe Tradestation you could probably filter for the closes of the bars relative to the opens. You could write a filter that looks for each 30 min bar close to be higher than it's open and for that to occur for the last X number of bars. Then you would have a list of stocks that had trended up all day. Or maybe you use 15 min bars or 60 min bars - you get the idea.
 
Chuck Noblet said:
I don't know what software you have, but with something like Think Or Swim or maybe Tradestation you could probably filter for the closes of the bars relative to the opens. You could write a filter that looks for each 30 min bar close to be higher than it's open and for that to occur for the last X number of bars. Then you would have a list of stocks that had trended up all day. Or maybe you use 15 min bars or 60 min bars - you get the idea.
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i did not know you could create screeners for equities in think or swim? thought it was only for option? please correct me if i'm wrong.

i use ninjatrader. but the stupid software does not come with free intraday data. nor is it made for equities. i've also used quantshare (actually have a screener for what i'm asking in this post in quantshare) but the problem again is.. the stupid software does not come with historical data and does not plug into data feeds such as IQ feed.

i have used strategydesk by td ameritrade but could not create this screener in it. they have historical intraday data. if strategydesk has it.. then so does thinkorswim.. since that's plugged into ameritrade as well. but last time i checked thinkorswim could not be designed for screeners to be used in equities.
 
Yes, you can use Think or Swim to screen for equities. There are a lot of features in TOS designed for options, but it also works great for use with equities.
 
Worden Stockfinder. Real time and EOD down to one minute bar for the entire US equity market. Just take one hour chart and create condition for higher high and higher low. Then specify in the condition that this must be true for x number of bars, whatever x needs to be.
 
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