Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Weinstein screen Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
EvyB
Posted : Wednesday, August 02, 2006 12:46:26 PM
Registered User
Joined: 3/12/2005
Posts: 7
Dear Trainer!
I'm interested in developing a scan to find stocks which meet criteria from Stan Weinstein's book. Here are a few of the characteristics:
RSI > that of 5 days ago
closing price > average in the past 30 days
vol > 120% of last two months average
avg vol > 100,000 shares
price today is higher than the last month's average
price today > in the last 3 weeks.

I'd really appreciate your steering me in the right direction to create this. Is it an Easyscan? Do I need to develop a pcf?
I would like to use this as a learning oppty.
Thanks,
Evy Blum,
Platinum
Craig_S
Posted : Wednesday, August 02, 2006 12:48:07 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
We will need some PCFs.

Answer a few questions for me and I can put this all together for you

1. What are the settings for your plotted RSI?

2. Over what time period should we have the average volume over 100,000 shares?

- Craig
Here to Help!
EvyB
Posted : Wednesday, August 02, 2006 1:30:55 PM
Registered User
Joined: 3/12/2005
Posts: 7
Craig, you're the best!
Sadly, I don't understand your first question, about settings for plotted RSI.
And I'd say average volume over the last three months.
Evy
Bruce_L
Posted : Wednesday, August 02, 2006 1:44:44 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
evie77,
To find your RSI settings, right-click on the RSI on your chart. That should bring up a Wilder's RSI Settings window where you can check the following settings:

RSI Period: ?
Use Wilders Smoothing: Checked or Unchecked?
Avg Period: ?
Average Type: Simple or Exponential?

You may wish to review the following:

Adding, removing and saving indicators to a chart template
Customize your charts using Chart Templates

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
EvyB
Posted : Wednesday, August 02, 2006 1:56:01 PM
Registered User
Joined: 3/12/2005
Posts: 7
OK, Bruce. RSI period is 14 and average period is 25. And Exponential
Craig_S
Posted : Wednesday, August 02, 2006 2:02:59 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Check out these two videos for me

How to create a Personal Criteria Forumula (PCF)

Using EasyScan to find stocks that meet your own criteria

Now create the following PCFs:

RSI x14,25 up (5-day)
XAVG(RSI14.1,25)>XAVG(RSI14.1.5,25)

Close above 30sma
C>AVGC30

2-month Volume Surge
100*V/AVGV42

3-month Avg Vol
AVGV63

Close above last month's avg
C>AVGC21.21

New 3-week high
H>MAXH14.1

Once created and calculated (as shown in the video), please build the following EasyScan

WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
RSI x14,25 up (5-day) (no limit needed)
Close above 30sma (no limit needed)
2-month Volume Surge (VALUE 120 to MAX)
3-month Avg Vol (VALUE 1000 to MAX)
Close above last month's avg (no limit needed)
New 3-week high (no limit needed)

Save your EasyScan and enjoy the resulting WatchList of stocks that fit your conditions.

- Craig
Here to Help!
EvyB
Posted : Wednesday, August 02, 2006 2:09:04 PM
Registered User
Joined: 3/12/2005
Posts: 7
Thank you so much, Craig. I'll watch the videos as soon as the market closes, then get to working building my first PCF's and EasyScans. I really appreciate your help with this.
Evy
Craig_S
Posted : Wednesday, August 02, 2006 2:16:45 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
My pleasure!

- Craig
Here to Help!
EvyB
Posted : Thursday, August 03, 2006 9:42:11 AM
Registered User
Joined: 3/12/2005
Posts: 7
Craig, the videos were excellent and I build the pcf's and EasyScans per your instructions. I"ll need to work to tighten up this screen, but now I have a pretty good idea of how to do it.
Thank you for all your help.
Best wishes,
Evy Blum
Craig_S
Posted : Thursday, August 03, 2006 9:42:57 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Great! Let me know if you have any more questions.

- Craig
Here to Help!
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.