Registered User Joined: 4/2/2006 Posts: 38
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Can you show me the code for a stock that has been in an uptrend for the past 30 days, then it consolidates finding support and resistance in a consolidating channel for 10 days, then breaking out of its consolidation past its resistance by one bar or so.
Thanks
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Worden Trainer
Joined: 10/1/2004 Posts: 18,819
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Try this for me....
Start by watching these three videos:
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
Now create the following PCFs:
Breakout Today H>MAXH40.1
10-day Trend/Consolidate-no today 100*(MAXH10.1-MINL10.1)/(AVGH10.1-AVGL10.1)
Once created you can make the following EasyScan
WatchList (ALL STOCKS) Price Per Share (limit based on your trading) Volume 90-day (limit based on your trading) Breakout Today (no limit needed) Price Percent Change 26-week (VALUE 5 to MAX)
Save the EasyScan and it will create a WatchList of stocks that fit the above conditions. Sort these results by your second PCF 10-day Trend/Consolidate-no today in ASCENDING order. This will rank the list by the tightness of the consolidation before today's breakout.
- Craig Here to Help!
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