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Registered User
Joined: 10/7/2004
Posts: 3
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I am having some difficulty in writing PCFs/Easy Scans to identify stocks that fit IBD/O'Neils CANSLIM method. For example, rather than set % growth in EPS from 5 quarters ago and from 4 quarters ago to... latest quarter, I really need to compare growth from Q1 2010 to Q1 2009, etc. due to seasonality issues. I cannot find an "EPS variable" that could be used in a PCF and imported into an EasyScan. Has anyone previously produced a set of conditions that mimics the CANSLIM constraints for scanning? Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
I do not think it is possible to accurately replicate all of the details of CANSLIM in TeleChart. EPS % Growth is versus the comparable perod from the previous year however. You may wish to review the CANSLIM and Does anyone have any ideas for IBD's Canslim technical ratings? topics for more information about previous attempts at implementing CANSLIM in TeleChart.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 3
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Thank you, Bruce. I will review some of the Telechart basics and dig into these previous referecnes re: CANSLIM. I did realize after my initial post that the EPS % growth does indeed compare a given quarter with its prior year value, not it's nearest neighbor quarter.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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