Registered User
Joined: 4/2/2006
Posts: 38
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Can you send me the pcf for stocks between $1 and $10 that have been in a consolidation(side ways) for the past 25 days (sideways channel) with no positive or negative slope, then price breaks out of the channel above resistance into an uptrend for the past 10 bars.
I would like for the consolidation pattern to be at a point where a down trend has passed, I don't want this consolidation to be from or within a prior uptrend. I'd like to see the considation after a prior down trend.
The down trend could be in the form of a 52 week low or a down trend over the past six months, I really don't mind how you set that up. I mainly am interested in the fact that it was in a previous down trend and then price went sides ways for the past 25 days after the down trend then broke out of the channel for a period of 10 bars.
I know this sounds simple, but on this one that's all I want.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Start by watching these videos for me:
How to create a Personal Criteria Forumula (PCF)
Create your own stock rankings using WatchLists and Sort conditions
Using EasyScan to find stocks that meet your own criteria
Now create the following PCF for me:
Low hit last 35 days
MINL35=MINL165
10-day direction
100*(AVGH5+AVGL5)/(AVGH5.5+AVGL5.5)
New 35-day high
H>MAXH34.1
Once you create these and calculate them, please build the following EasyScans:
WatchList (ALL STOCKS)
Price Per Share (VALUE: 1 to 10)
Volume 90-day (limit based on your trading)
Low hit last 35 days (no limit needed)
10-day direction (VALUE: 100.5 to MAX)
New 35-day high (no limit needed)
Now save your EasyScan and look at the charts. Based on yesterdays close I found about 13 stocks. I thought these would get you excited:
END
SRI
HOKU
FXEN
MVIS
The other eight that appeared in the scan were easy to pass over by pressing the spacebar.
- Craig
Here to Help!
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