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Registered User
Joined: 6/3/2005
Posts: 20
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I have a feeling this is a silly question, but I haven't been able to work it out as a PCF. Is there a way to do a scan that finds stocks that have moves at least 2 points per day on average? I'm thinking that's along the lines of ATR, but not sure. I don't care which direction the stock moves, just that it moves at least that much.
thanks!
Marceia
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Registered User
Joined: 6/3/2005
Posts: 20
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I should have read a little deeper in the forums. I found this for a 5 dollar monthly move over 6 months:
(MAXH21.0-MINL21.0>=5)
AND(MAXH21.21-MINL21.21>=5)
AND(MAXH21.42-MINL21.42>=5)
AND(MAXH21.63-MINL21.63>=5)
AND(MAXH21.84-MINL21.84>=5)
AND(MAXH21.105-MINL21.105>=5)
If I wanted this to be daily, then would line one be:
(maxh1.0-minL1.0>=5)
AND (maxH5.1-minL5.1 >=5)
etc? if so, i think I can figure out the rest. thanks again...
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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That PCF is not what you need, that looks for the trading range over a month being at least $5 not the average net change or daily trading range...
When you say "moves 5 each day" do you mean from yesterday's close to today's close or from today's low to today's high?
Here are PCFs for both
Average Daily Net Change 3-weeks
(ABS(C-C1) + ABS(C1-C2) + ABS(C2-C3) + ABS(C3-C4) + ABS(C4-C5) + ABS(C5-C6) + ABS(C6-C7) + ABS(C7-C8) + ABS(C8-C9) + ABS(C9-C10) + ABS(C10-C11) + ABS(C11-C12) + ABS(C12-C13) + ABS(C13-C14) + ABS(C14-C15))/15
Average Daily Trading Range 3-weeks
AVGH15-AVGL15
You can use either as a sort condition or, in EasyScan, you can limit the VALUES to 5 to MAX (or as high/low as you like).
Here are some videos to review:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
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