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Registered User
Joined: 3/2/2005
Posts: 17
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I would like to scan all stocks for the following :
Stocks that had a new intra-day high but closed lower than the open. I would use the new intra-day high as the highest in 5 days, or other time periods.
So would i create a PCF or would I create a new scan?
Also, what language wold i use to represent the search above?
Thanks and regards,
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here you go:
H=MAXH5 AND C<O
Create a PCF with the above formula then add it to an EasyScan. Here are some videos to help you along:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
- Craig
Here to Help!
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Registered User
Joined: 3/2/2005
Posts: 17
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Thank you very much
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Registered User
Joined: 2/1/2005
Posts: 78
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Craig, could you provide the formula for the opposite scenario, 5 sequentially down and then the turnaround?
Thanks, Buddha Bill
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I need you to elaborate a bit, Bill.
Is down close-to-close or down as in open-to-close?
What is a turnaround exactly in terms of open, high, low, close, etc.?
- Craig
Here to Help!
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Registered User
Joined: 2/1/2005
Posts: 78
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Original -
"I would like to scan all stocks for the following :
Stocks that had a new intra-day high but closed lower than the open. I would use the new intra-day high as the highest in 5 days, or other time periods.
So would i create a PCF or would I create a new scan?"
So, I would like to scan specific stocks for those that have had 5 sequentially down high and lows and then on the 5th day or following day, turn and the new high and low are higher than the previous days, indicating the stock has reversed downward trend and may be headed back up, and says, "hey look at me, I'm going north now".
Thanks, BB
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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H=MAXH6 AND L=MAXL6 AND H1<H2 AND H2<H3 AND H3<H4 AND H4<H5 AND L1<L2 AND L2<L3 AND L3<L4 AND L4<L5
Is this what you were thinking?
It scan a tad restrictive. For kicks, try just SORTING a WatchList by this condition in descending order:
2*(H/MAXH6 * L/MAXL6) * ((H6+L6)/(H1+L1))
- Craig
Here to Help!
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Registered User
Joined: 2/1/2005
Posts: 78
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Craig, I added 2*(H/MAXH6 * L/MAXL6) * ((H6+L6)/(H1+L1)) as a PCF and placed in a column on my watchlists. The readings ran from low 1.13 up to high 2.05. CVH shows 1.89 and some worked while others did not. How should I interpret these numbers?
T, BB
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The numbers are somewhat meaningless, what matters is the order of the list. The higher the number, the closer it should be to what you are looking for. Be sure to sort your WatchList by the condition in descending order.
- Craig
Here to Help!
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