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Registered User
Joined: 4/27/2006
Posts: 29
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Hi I am a daytrader. using tc 2000 platinum, trading 5 to15 min bars
1.I would like to come up with scan that scan stocks making new high for the day ( not the all time 6mth or 1yr high). Just for that particular day only .This is a tool found in many daytrading platforms like speedtrader.This will help me scan intraday break outs.
2. also a scan to scan breakout intraday after 10 bars ( be it 5min or 15min). This will help me scan stocks breakout after 10 bars of consolidation.
kindly help
tks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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While we can write a formula for price being above its range for the previous ten bars:
C > MAXH10.1
Or outside its range for the previous ten bars:
C < MINL10.1 OR MAXH10.1 < C
Neither would verify that the symbol was in consolidation for those ten bars. We would need your particular unambiguous objective definition of consolidation to be able to check for that. Does the range need to be within a certain dollar value or percentage? Something else?
It is not possible to create a formula for stocks making a new high for the day, because there isn't syntax for determining first bar of the day or the time of day of the current bar of the day in the Personal Criteria Formula Language.
About the closest you could get would be to check if the current price is the high of the day. You would need to do so by creating your formula in a Daily Time Frame:
C = H
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/6/2018
Posts: 1
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Hello,
I'm looking for a scan that would allow me to find stocks that are passing/ breaking out of their previous high of day price. If possible adding an increase in volume following the break of the high
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
It is not possible to create a formula for stocks making a new high for the day, because there isn't syntax for determining first bar of the day or the time of day of the current bar of the day in the Personal Criteria Formula Language.
About the closest you could get would be to check if the current price is the high of the day. You would need to do so by creating your formula in a Daily Time Frame:
C = H
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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