Registered User
Joined: 4/11/2007
Posts: 23
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Hi
Can you assist me please. I want to set up 2 easy scans, the first is for stocks that are in a downward trend for the last 60 days, the 50 day sma is below the 200 sma and the stock has tried to break through the 50 sma and failed, it may be easier for the scan if the stock is 1% below the 50 sma.
The second scan is for stocks that are in an upward trend for the last 60 days the 50 sma is above the 200 sma and the stock is 1% above the 50 sma.
Thanks
M
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I need to clarify this part:
QUOTEthe stock has tried to break through the 50 sma and failed, it may be easier for the scan if the stock is 1% below the 50 sma.
Do you mean the stock, today, is below the 50MA but with 1% of the value of the 50MA?
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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Yes, today
Thanks
M
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Try these:
First PCF:
C<C60 AND
AVGC50<AVGC200 AND
C<AVGC50 AND C>AVGC50-(AVGC50*0.01)
Second PCF:
C>C60 AND
AVGC50>AVGC200 AND
C>AVGC50 AND C<AVGC50+(AVGC50*0.01)
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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Hi Craig
Nearly, the first scan, most of the stocks have already hit their head off the 50 sma and made their move down, can you tweak the first scan so the stock is just below !% the 50 sma today.
Thanks and I'll check out the other other scan.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The PCF only finds stocks that are between the 50SMA and 1% below the value of the 50sma. What stocks are returning TRUE that you don't think should?
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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about 50% of them, could you remove the 60 day trend, so 2 pcf's one for stock that has formed a hammer or bullish engulfing candle on or above the 50 day sma and another pcf for stock that has formed a shooting star or bearish engulfing line below or on the 50 day sma, maybe we could try within a 1% price range again thanks
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Registered User
Joined: 4/11/2007
Posts: 23
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Craig
Also could you offer me a pcf for stock that has its 50 day sma above its 200 sma and has formed or is forming a cup and handle formation
thanks
M
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Before we start writing other PCFs, we need to figure out why the first one did not work for you.
What symbols return TRUE for the PCF that do not fit the condition?
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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I think the reason it didnt meet my criteria Craig, is becasue of the 60 day trending, I beleive if we remove this the pcf will meet my requirements, could we try this and then I can tell you which stock arent true?
Thanks
M
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Registered User
Joined: 4/11/2007
Posts: 23
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craig
It seems ok today, I dont know what happened yesterday, so it is working toady, could you offer me a PCF without the 60 day trending, so like you gave me before 2 tow pcfs this time without the trending though and i think we will have it then, thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Did the stocks found by the PCF not meet your requirements OR did they not meet the criteria formula I wrote? These are two different things.
Here are the PCFs without any "trending" requirements.
First PCF
[this finds the 50sma below the 200sma and price below the 50sma but within 1% of the 50sma]
AVGC50<AVGC200 AND
C<AVGC50 AND C>AVGC50-(AVGC50*0.01)
Second PCF:
[this finds the 50sma above the 200sma and price above the 50sma but within 1% of the 50sma]
AVGC50>AVGC200 AND
C>AVGC50 AND C<AVGC50+(AVGC50*0.01)
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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thanks, they did meet my requirements I made a mistake, sorry for the confusion and thank you for your help, I will revert back to you, once ive tried these pdf's
Once again thanks
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Registered User
Joined: 4/11/2007
Posts: 23
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Perfecto, thanks Craig, can you also offer me a PCF, for stock that has or is forming a cup and handle formation please.
Thanks
M
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Please check out this post on C+H: Cup with a handle formation
- Craig
Here to Help!
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Registered User
Joined: 4/11/2007
Posts: 23
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thanks Craig
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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My pleasure
- Craig
Here to Help!
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Registered User
Joined: 4/19/2013
Posts: 15
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good evening, I have installed the TC 2000 V.12, 3 my question is because I displays historical data on older frames the mobile Media 500 days only displays one point me in the present day?
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Registered User
Joined: 4/19/2013
Posts: 15
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Greetings, I have the version12, 3, my question is because it shows me historical data on daily and weekly under the 500-day moving average shows a point only for the current day. very grateful for your reply.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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TC2000 version 12.3 only has the most recent 500 bars of data available in any given time frame. This means there would not be enough data available to calculate a 500 bar moving average for older bars.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/19/2013
Posts: 15
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greetings, because when I do the condition
C> = AVGC50
where c = 1.40
AVGC50 = 1.40
when testing formulation indicated false.
apparently the equal sign is not considered in the test.formula
hope will help me, thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The sign is considered in the testing, but the computer would need to see AVGC50 as exactly equal to C for the equal sign to be make a difference (the calculations that the computer cares about are using the single precision floating point data type which rounds things to approximately 7 significant digits).
The Condition Formula will not return true if C is slightly below AVGC50 even if they both round to 1.40 when rounded to two digits past the decimal.
Note that your formula needs to be:
C >= AVGC50
You can't have a space between the > and = signs.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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