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Gold Customer
Joined: 10/7/2004 Posts: 50
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I would like to use backscanner to rank a watch list on a weekly basis ordered by say % change over the last month where I buy the strongest stock if it is still over its 10DMA (I don't want to buy into a down trend) and sell any stock I own from previous such rankings if it falls under its 20 DMA. Thanks, Gary
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I've experimented with using Rank vs List and List Count True Blocks to get an Ordinal Rank vs List instead of a Percent Rank vs List with limited success. At this point, I would not consider the request practical until an Ordinal Rank vs List Block becomes available unless you know the size of the Watchlist in advance and can set the Rank vis List (which returns a %) appropriately.
The other BackScan Conditions should not be problematic, but it seems silly to create a BackScan without a Condition limiting it to buying one stock a week if that is your intent.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Gold Customer
Joined: 10/7/2004 Posts: 50
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Thanks, Bruce. Let me try to be more specific to see if something can work. Let's start with the Naz 100. Rank them according to their % gain over the past two weeks. Buy the best stock IF it is above its 10 DMA. Sell when the stock falls beneath its 10 DMA. If you can do this, hopefully I can figure out how to change the block diagram if I need to. Of course, I could run this scan daily to pick out stocks to buy, but for backscanning purposes I was proposing that we run this scan weekly. This method would simply buy strong the strongest stock weekly and hold until it fell below its 10 DMA.
I hope this helps.
Thanks, Gary P.S. I was able to get the parabolic into backscanner - many thanks. How can I change the default number being used inside that indicator? I went to the block editor, but did not see where the default number was.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please download the attached .bscan file to:
\My Documents\Blocks Files\Tool Parts\BackScan
Once downloaded, you should be able to select BackScan | Open BackScan | My Computer to access it.
You may wish to review the following:
Customizing with Properties Your First 3 Block Diagrams
Currently, you would need to modify the Parabolic SAR Code Block and adjust AFincrease and AFmax. When the next version of Blocks Player comes out it will include a Bar to Line with 2 Single Parameters Code Block Template. This will allow for easier adjustment of these parameters. We also plan on releasing an adjustable Parabolic SAR Block and Study at that time.Attachments: glmus22306.bscan - 11 KB, downloaded 368 time(s).
-Bruce Personal Criteria Formulas TC2000 Support Articles
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