Hi,

Could someone help me how to create a PCF scan for a gap down on a daily chart?

the scan should be  - 20% + from the previous day and it should be the 52 week low

and volume is double from the previous day.

Thank you

Nc

Sorry,

the Volume should be above the 10 day average

and above the float if possible.

Thanks again

NC

If the gap down is between the current open and previous close.

O <= .8 * C1 AND V >= 2 * V1 AND V > AVGV10 AND L = MINL252

If the gap down is between the current open and previous low.

O <= .8 * L1 AND V >= 2 * V1 AND V > AVGV10 AND L = MINL252

If the gap down is between the current high and previous low.

H <= .8 * L1 AND V >= 2 * V1 AND V > AVGV10 AND L = MINL252

It isn't possible to check for volume being above float in a Personal Criteria Formula, but you can add volume and float to the chart in the same pane and scale. This would allow you to click on volume and select Create Condition to create a condition for volume being greater than float. This could then be combined in the same scan with the desired condition formula from above.

thank you bruce

You're welcome.