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The Best of PCF Formulas and Easy Scans Rate this Topic:
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smoon777
Posted : Tuesday, May 03, 2011 6:01:32 PM
Registered User
Joined: 1/24/2005
Posts: 43
I have spent the last few weeks setting TC 2000 v11 up. I have been looking back through my Telechart 2007 setups and my StockFinder setups. I am really pumped that the Worden tools seem to be converging into one path that makes life much easier. TC2000 v11 looks like it is covering all the technology bases. I am impressed and ready to start converting.

I have gone back through all of the past webinars to come up with a documented source of the solid ideas for picking and managing positions (real code and PCFs). I have been searching on all of the different approaches described in the forums and keep thinking that it would be extremely beneficial to have a library of technical setups that work in Telechart PCFs or real code in Stockfinder. Bruce is a great resource for scanning setups.

So I would like to ask this forum a question... what are you favorite setups? When you log onto Worden in the evening or next morning, what are your favorite scans that you use to set up trades for the next day? What are the scans for adding to the watch list for stocks or patterns to set alerts for?

Bounce off the bottom? Bollinger Bounces? Support and Resistance? Trend Reversals? Channels? Etc?

What is your one trick pony for finding stocks to look at? I think these should be documented and institualized as repeatable techniques within Worden.Please give this thread your best ideas. If we were going to set up the ultimate scans, what would those be? How would you document your setup to buy, manage and sell?


 
ben2k9
Posted : Wednesday, May 04, 2011 9:40:32 PM

Registered User
Joined: 7/1/2008
Posts: 889
I think it's all about breakouts and pullbacks.

Look up the 10-day low thread

Look up signaltaps red & green spikes for extreme overbought/oversold

any breakout PCF...Here's one that finds breakouts with technically strong stocks courtesy of Stockbee.

C >= 1.04 * C1 AND V >= 1000 AND V > V1 AND (C - C1) >= .25 AND ( AVGC7 / AVGC65) >= 1.05

I also posted a thread about pullbacks to the breakout point you may find useful.  It's not a PCF, but it is a good trade plan.
ben2k9
Posted : Wednesday, May 04, 2011 9:47:30 PM

Registered User
Joined: 7/1/2008
Posts: 889
here ya go

Short term timing trick

the pullback to breakout trade
diceman
Posted : Thursday, May 05, 2011 12:13:07 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
Some more stuff:

Finding Continuation Triangles And Wedges With Telechart

A simple profitable method for the newbie, or not so newbie

Regional Systematic Momentum Model

How do you use Telechart to find sector strength, rotation?


Thanks
diceman
jjamesjarvinator
Posted : Saturday, May 07, 2011 7:51:13 AM
Registered User
Joined: 1/16/2011
Posts: 34
How can one scan for consolidating stocks below 200 day MA, after a down trend, where there is volume starting to rise. I used to just go thru the sectors in the Morningstar sectors and just weed out the sectors that looked like what I am asking. Then compare the best sectors using RSI against the S & P and against each other, then look for the best stock charts within these best of the best sectors, picking out stocks under $10, with a PE less than 14. This takes a lot of time.
diceman
Posted : Saturday, May 07, 2011 9:59:45 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
Depends what you call consoldating.
You may want to look at this:

Scan for stocks bouncing in a lateral channel


Thanks
diceman
Jpetesmith
Posted : Monday, May 09, 2011 4:49:42 AM
Registered User
Joined: 5/9/2010
Posts: 144
Diceman, please, how may I make the Dragon Channels in the custom pcf for tc11? top (h*1.01) and bottom (l*.99). I trial and error a few things, no snap.
Bruce_L
Posted : Monday, May 09, 2011 8:05:02 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Jpetesmith,
The Custom PCF Indicator in the TC2000.com version 11 beta does not yet have a Plot Using Price Scale feature like the Custom Indicators in the current production release of TeleChart.

One possible workaround at this point is to use the formula you were originally going to use in the Custom PCF Indicator as the Indicator Line Formula of a Custom PCF Channel Indicator instead. You would then set the Channel Width Formula to something that would always return zero such as C - C.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
levalencia
Posted : Saturday, December 01, 2012 4:28:00 PM
Registered User
Joined: 10/20/2012
Posts: 68

QUOTE (ben2k9)
I think it's all about breakouts and pullbacks.

Look up the 10-day low thread

Look up signaltaps red & green spikes for extreme overbought/oversold

any breakout PCF...Here's one that finds breakouts with technically strong stocks courtesy of Stockbee.

C >= 1.04 * C1 AND V >= 1000 AND V > V1 AND (C - C1) >= .25 AND ( AVGC7 / AVGC65) >= 1.05

I also posted a thread about pullbacks to the breakout point you may find useful.  It's not a PCF, but it is a good trade plan.

 

I went ahead and tried this formula and it seems to be what I am looking for, however it shows the stocks after the breakout,  is there a way with a PCF to scan for stocks very close to a resitance level and that the resistance level has been tested already twice? and with a volume higher than the average?  

thetempest
Posted : Thursday, December 13, 2012 11:14:40 PM
Registered User
Joined: 7/17/2007
Posts: 3

I am trying to find a pcf for a channel...stock moving $1 to $10 range often with 300K volume daily average.  Is there one you have or can you tell me how to write this?  Thanks Much

 

Quiktdr
Posted : Tuesday, October 01, 2013 1:52:08 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794

what is the difference between MinL10   and   {10dLow} ABS(C < C9 AND C < C8 AND C < C7 AND C < C6 AND C < C5 AND C < C4 AND C < C3 AND C < C2 AND C < C1)*L

Bruce_L
Posted : Tuesday, October 01, 2013 2:00:14 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

MINL10 returns the lowest low over the most recent 10-bars.

ABS(C < C9 AND C < C8 AND C < C7 AND C < C6 AND C < C5 AND C < C4 AND C < C3 AND C < C2 AND C < C1)*L returns the current low if the current price is lower than the closing prices of the previous 9-bars and returns 0 when this is not the case. It could be re-written as the much shorter:

L * ABS(C < MINC9.1)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Quiktdr
Posted : Tuesday, October 01, 2013 3:25:22 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794

Thank you

Bruce_L
Posted : Tuesday, October 01, 2013 3:27:33 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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