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eric2phan
Posted : Friday, December 13, 2013 1:10:30 PM
Gold Customer Gold Customer

Joined: 6/7/2011
Posts: 24

Hi Bruce,

What would you recommend approach-wise for finding a bar that meets multiple conditions for X periods?

For example, a scan showing all stocks in the last two weeks that has a single Daily candlestick that is up 5% *and* on Volume that is 300+% (for its 50 EMA).

 

Bruce_L
Posted : Friday, December 13, 2013 1:44:29 PM


Worden Trainer

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

I would create a Custom PCF % True Indicator with the following settings on a daily chart:

- Period: 10
- Average Type: Simple
- Formula: C >= 1.05 * C1 AND V >= 4 * XAVGV50

Adding and Moving Indicators

The rest of the settings do not matter. Then I would click on the Custom PCF % True Indicator select Create Scan Condition to create a condition for the Custom PCF % True Indicator having a value greater than 0.

Create Conditions from Your Chart

The Formula setting given above assumes that being up 5% means the current close is at least 5% above the previous close. If you mean the current close is at least 5% above the current open, then you would need to use the following Formula setting instead:

C >= 1.05 * O AND V >= 4 * XAVGV50

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!



-Bruce
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