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 |

Ranking Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
glmus
Posted : Sunday, May 20, 2007 10:40:17 AM
Gold Customer Gold Customer

Joined: 10/7/2004
Posts: 50
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
Bruce_L
Posted : Monday, May 21, 2007 12:23:40 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
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
glmus
Posted : Monday, May 21, 2007 1:00:25 PM
Gold Customer Gold Customer

Joined: 10/7/2004
Posts: 50
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.
Bruce_L
Posted : Monday, May 21, 2007 2:58:50 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
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 373 time(s).



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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.