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Registered User
Joined: 3/5/2005
Posts: 3
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I want to construct a scan to identify potential shorts by defining stocks
(1)between $10-120 in price
(2)whose price is down today between 2% and 10%
(3)whose volume today is greater than the average 50 day volume.
Any suggestions as to how to do this or where to learn more re this.
Thanks so much,
Glenn
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Create a PCF called Volume VS 50-day Average with the following formula:
V/AVGV50*100
Calculate your PCFs and create a new EasyScan.
Add this condition and set it to values of 101 to MAX
Add Price Per Share and set it to values of 10-120
Add Price Percent Change Today and set it to values of -2 to -10
Here are some videos on PCFs and EasyScan to help you out:
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: 11/13/2004
Posts: 141
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This scan is very similar to a couple of scans that I use to look for percent gainers or loosers, so one note that I have to add is that the way the scan is written above it will produce lots of results, likely too many, so in my scans I reduced the number of results by tightening the price range, $10.00 - 50.00, and I changed the lower end of the percent change to 3%
I also added to my volume PCF, a criteria that todays volume is greater than the day before (V>V1)so I can catch percent gainers/loosers that are also moving on stronger volume
Even with this I often times still get in excess of 100 results, so I then use a watch list tab to sort by percent change, and then scroll through the list with the biggest movers first
UserTM
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Because of the quick and easy sorting in TeleChart, I never worry about a scan finding lots of stocks. I will just sort and resort the WatchList and look at as many charts as I can.
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
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Registered User
Joined: 3/5/2005
Posts: 3
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Craig and UserTM.
Thanks much for the notes. Very helpful, and I think I got it.
Glenn
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