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Registered User
Joined: 10/7/2004
Posts: 7
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I am looking for a PCF to identify stocks which have been trading in a trading range of + or - 25% for 6-12 months and which have just broken out of that trading range on good volume. Could you please help? Thank you
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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+ or - 25% of what?
Do you want stocks that have a maximum high that is no more than 125% the value of their minimum low for the past 6 months? There is no volume qualification in the my attempt below. I need you to define what "good volume" means.
Try this:
H>MAXH125.1 AND MAXH125.1<MINL125.1*1.25
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 7
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Craig, to clarify the trading range : If a stock was trading at say $10.00 6 months ago I want it to trade at no more than between $12.50 and $7.50 during the intervening 6 months. And volume on breakout should be 2x the average 30 day volume.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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hs1935,
Please try the following:
H > MAXH125.1 AND V >= 2 * AVGV30.1 AND MAXH125.1 <= C126 * 1.25 AND MINL125 >= C126 * .75
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
Scan for stocks bouncing in a lateral channel
EasyScan Design for Breakouts and Bouncers
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (hs1935) Craig, to clarify the trading range : If a stock was trading at say $10.00 6 months ago I want it to trade at no more than between $12.50 and $7.50 during the intervening 6 months. And volume on breakout should be 2x the average 30 day volume.
hs1935,
Your request and Bruce's response is critically dependent upon the closing price 6 months ago, i.e., C126. For example, a stock which had a high of $12.50 and a low of $7.50 for the 6 months would fail the test for any value of C126 other than $10.00.
I suggest you replace the C126 by maybe (MAXH125.1+MINL125.1)/2.
You may also consider using an additional constraint to insure a consolidation for the 6 months rather than a strong uptrend or downtrend.
Thanks,
Jim Murphy
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