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50% Fibonacci Retracement Scan... Rate this Topic:
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dragonshark
Posted : Saturday, January 13, 2007 11:31:23 AM
Gold Customer Gold Customer

Joined: 1/25/2005
Posts: 29
I can't seem to get this to work. I am trying to get a fibonacci retracement of 50 % over a 20 day time frame...hellllp..

VOLUME > 30000 AND CLOSE > 10 AND CLOSE > (MAX20-MIN20)/2+MIN20 AND CLOSE < (MAX20-MIN20)*.62+MIN20 AND MAX20-MIN20 > 10 AND MIN20 - MIN40 > 0
diceman
Posted : Saturday, January 13, 2007 12:31:23 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
Volume should be: V

Close should be :C

Max high 20 and min low 20 should
be:

MAXH20

and:

MINL20

There is also a .62 that shouldnt be there.

If I understand what you are asking for. The
50% level should be half the range:

(MAXH20+MINL20)*.5

Also in PCF lingo volume has 2 zeros missing.
So if you want volume > than 100,000 shares
you would write:

V>1000

Thanks
diceman
diceman
Posted : Saturday, January 13, 2007 12:41:56 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
I would also add that it is better to tackle this
in small pieces.

Start with your 50% retracement scan and look
at the stocks it finds. Make sure it is doing
what you want. Once that works you can add volume
and price limits.
(after adding each make sure they are correct)

Also realize that there are volume and price conditions built
into the system. It does not all have to be in your scan.

You may be interested in this:

Using EasyScan to find stocks that meet your own criteria
Handy PCF example formulas to help you learn the syntax of PCFs!
How to create a Personal Criteria Forumula (PCF)

Thanks
diceman
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