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Scan for fallen stocks with MACD divergence Rate this Topic:
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Marco
Posted : Friday, August 3, 2007 10:44:38 AM
Registered User
Joined: 3/18/2005
Posts: 1
Please help write a scan for stocks that have fallen to support; MACD divergence (moving up for at least the last 2 days) with 12, 26, 9 criteria. Volume over 1 million; price below 40. Daily price bar close to or crossing up over the lower BBand(15,15).
Too much? Is this possible to do with an Easy Scan?
Appreciate your help. Thank you.
Marco
Bruce_L
Posted : Friday, August 3, 2007 12:08:04 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You may wish to try including the following Personal Criteria Formulas as EasyScan Conditions (you could also AND many of them together into a single PCF). Some additional clarification may be required to help you completely formulate your EasyScan.

QUOTE (Marco)
stocks that have fallen to support

I'm not sure if this one of the conditions or being defined by the rest of the conditions. If it is one of the conditions, you would need to provide a objective definitions of "support" and "fallen to support".

QUOTE (Marco)
MACD divergence (moving up for at least the last 2 days) with 12, 26, 9 criteria


Raw MACD 12,26,9 (Fast) falling for at least two days:

XAVGC12 - XAVGC26 < XAVGC12.1 - XAVGC26.1 AND XAVGC12.1 - XAVGC26.1 < XAVGC12.2 - XAVGC26.2

MACD Trigger 12,26,9 (Slow) falling for at least two days:

XAVG(XAVGC12,9) - XAVG(XAVGC26,9) < XAVG(XAVGC12.1,9) - XAVG(XAVGC26.1,9) AND XAVG(XAVGC12.1,9) - XAVG(XAVGC26.1,9) < XAVG(XAVGC12.2,9) - XAVG(XAVGC26.2,9)

MACD Histogram 12,26,9 falling for at least two days:

XAVGC12 - XAVGC26 - XAVG(XAVGC12,9) + XAVG(XAVGC26,9) < XAVGC12.1 - XAVGC26.1 - XAVG(XAVGC12.1,9) + XAVG(XAVGC26.1,9) AND XAVGC12.1 - XAVGC26.1 - XAVG(XAVGC12.1,9) + XAVG(XAVGC26.1,9) < XAVGC12.2 - XAVGC26.2 - XAVG(XAVGC12.2,9) + XAVG(XAVGC26.2,9)

If you want price to be falling over the same period:

C < C1 AND C1 < C2

QUOTE (Marco)
Volume over 1 million

There is a built in Volume Criteria that could be used for this with the EasyScan Rangefinder. You could also use the following Boolean PCF:

V > 10000

QUOTE (Marco)
price below 40

There is a built in Price Per Share Criteria that could be used for this with the EasyScan Rangefinder. You could also use the following Boolean PCF:

C < 40

QUOTE (Marco)
Daily price bar close to or crossing up over the lower BBand(15,15).

Price xUp Lower BB (15,15):

C > AVGC15 - 1.5 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 - 15 * AVGC15 ^ 2) / 14) AND C1 <= AVGC15.1 - 1.5 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 - 15 * AVGC15.1 ^ 2) / 14)

You would need to objectively define "close to" in order for us to help you write the other portion.

You may wish to review the following:

Understanding MACD
Using EasyScan to find stocks that meet your own criteria
Definitions of all built in scanning and sorting criteria
How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
Evaluating "Closeness" in PCF's - relative to Equity &/or Risk
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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