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Registered User
Joined: 12/3/2004
Posts: 30
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Would it be possible to list the details of Sir Forward
Trackers easy scans published in today's notes?
Not good at writing my own scans.
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Registered User
Joined: 10/7/2004
Posts: 5
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Clyd-plantinum customer-concur with claudb request for sir forward trackers SCANS AS DISCUSSED IN TODAY'S WORDEN REPORT. thx.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The conditions are not stated in enough detail for me to reproduce the EasyScans.
BOP net change today zero to positive:
BOP - BOP1 >= 0
21 day TSV has risen steadily over the last 13 days (13>8>5>today):
It isn't stated if the TSV is Simple or Exponential:
Simple:
TSV21.13 > TSV21.8 AND TSV21.8 > TSV21.5 AND TSV21.5 > TSV21
Exponential:
XAVG(TSV1.13,21) > XAVG(TSV1.8,21) AND XAVG(TSV1.8,21) > XAVG(TSV1.5,21) AND XAVG(TSV1.5,21) > XAVG(TSV,21)
MS is rising:
He doesn't state over what period, but here is a 1-Period comparison:
MS > MS1.1
ROC of the 21 day MA of price is increasing:
Again, the period over which this increase is happening is not specified. The Rate of Change Period is not specified. He also does not indicate if the Moving Average is Simple or Exponential:
The following are 1-Period Comparisons using a 1-Period ROC:
Simple:
AVGC21 - 2 * AVGC21.1 + AVGC21.2 > 0
Exponential:
XAVGC21 - 2 * XAVGC21.1 + XAVGC21.2 > 0
Dollar volume percentile rank is 38 to 99 (this value set according to my own trading volume limits):
Just use the built in Dollar Volume System Criteria set to specified Rank in the EasyScan Rangefinder.
A second scan simply flips these relationships to look for promising sell candidates (BOP net change negative, TSV & MS falling, ROC decreasing, same dollar volume rankings):
BOP net change today negative to zero:
BOP - BOP1 <= 0
21 day TSV has fallen steadily over the last 13 days (13>8>5>today):
It isn't stated if the TSV is Simple or Exponential:
Simple:
TSV21.13 < TSV21.8 AND TSV21.8 < TSV21.5 AND TSV21.5 < TSV21
Exponential:
XAVG(TSV1.13,21) < XAVG(TSV1.8,21) AND XAVG(TSV1.8,21) < XAVG(TSV1.5,21) AND XAVG(TSV1.5,21) < XAVG(TSV,21)
MS is falling:
He doesn't state over what period, but here is a 1-Period comparison:
MS < MS1.1
ROC of the 21 day MA of price is decreasing:
Again, the period over which this increase is happening is not specified. The Rate of Change Period is not specified. He also does not indicate if the Moving Average is Simple or Exponential:
The following are 1-Period Comparisons using a 1-Period ROC:
Simple:
AVGC21 - 2 * AVGC21.1 + AVGC21.2 < 0
Exponential:
XAVGC21 - 2 * XAVGC21.1 + XAVGC21.2 < 0
The third and fourth scans are identical in structure but use 13 bar windows instead of 21.
13 day TSV has risen steadily over the last 13 days (13>8>5>today):
It isn't stated if the TSV is Simple or Exponential:
Simple:
TSV13.13 > TSV13.8 AND TSV13.8 > TSV13.5 AND TSV13.5 > TSV13
Exponential:
XAVG(TSV1.13,13) > XAVG(TSV1.8,13) AND XAVG(TSV1.8,13) > XAVG(TSV1.5,13) AND XAVG(TSV1.5,13) > XAVG(TSV,13)
ROC of the 13 day MA of price is increasing:
Again, the period over which this increase is happening is not specified. The Rate of Change Period is not specified. He also does not indicate if the Moving Average is Simple or Exponential:
The following are 1-Period Comparisons using a 1-Period ROC:
Simple:
AVGC13 - 2 * AVGC13.1 + AVGC13.2 > 0
Exponential:
XAVGC13 - 2 * XAVGC13.1 + XAVGC13.2 > 0
A fourth scan simply flips these relationships to look for promising sell candidates (BOP net change negative, TSV & MS falling, ROC decreasing, same dollar volume rankings):
13 day TSV has fallen steadily over the last 13 days (13>8>5>today):
It isn't stated if the TSV is Simple or Exponential:
Simple:
TSV13.13 < TSV13.8 AND TSV13.8 < TSV13.5 AND TSV13.5 < TSV13
Exponential:
XAVG(TSV1.13,13) < XAVG(TSV1.8,13) AND XAVG(TSV1.8,13) < XAVG(TSV1.5,13) AND XAVG(TSV1.5,13) < XAVG(TSV,13)
ROC of the 13 day MA of price is decreasing:
Again, the period over which this increase is happening is not specified. The Rate of Change Period is not specified. He also does not indicate if the Moving Average is Simple or Exponential:
The following are 1-Period Comparisons using a 1-Period ROC:
Simple:
AVGC13 - 2 * AVGC13.1 + AVGC13.2 < 0
Exponential:
XAVGC13 - 2 * XAVGC13.1 + XAVGC13.2 < 0
You may send also an email to Sir Forward Tracker's attention at support@worden.com to get further clarification from the author. These emails are forwarded and you should receive a response (at least from us). All e-mail communication sent to support@worden.com during business hours (Monday through Friday 9AM-11PM and Saturday and Sunday 9AM-3PM ET) should be answered within 20 minutes of arrival.
After Mr. Worden publishes an article, many times other customers have questions that can only be answered by the author of the article. We do not give out anyone’s email address or other personal information, rather, we will just forward their email on to the appropriate person. The individual may or may not choose to respond directly to you.
You may wish to review the following:
Using EasyScan to find stocks that meet your own criteria
How to create a Personal Criteria Forumula (PCF)
Definitions of all built in scanning and sorting criteria
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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 Platinum Customer
Joined: 12/2/2004
Posts: 20
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XAVG(TSV1.13,21) > XAVG(TSV1.8,21) AND XAVG(TSV1.8,21) > XAVG(TSV1.5,21) AND XAVG(TSV1.5,21) > XAVGTSV,21)
Eavesdropped on your conversation here. I keep getting a syntax error on this formula. Nothing obvious to me
Can you take a look?
Thanks
Beth
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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beld,
It is missing a parenthesis in "XAVGTSV,21)". This has been corrected in the original post.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Bruce,
You have TSV rising and falling reversed, but from reading the Report probably for good reason.
For the PCF:
AVGC21 - 2*AVGC21.1 + AVGC21.2 > 0
some may prefer the more revealing equivalent form:
C0-C1-C21+C22 > 0
Thanks,
Jim Murphy
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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bustermu,
I didn't even think about the fact that it was backwards when I created the formulas. I just took the "(13>8>5>today)" portion of "21 day TSV has risen steadily over the last 13 days (13>8>5>today)" and wrote it out.
As stated earlier, the conditions are not stated in enough detail for me to reproduce the EasyScans. Any additional clarification will have to come from Sir Forward Tracker.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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