Hello,

Is there a way to scan for stocks pulling back to their 50 day ma with a large positive move in the 2 day force index?

Thanks in advance,

Ralph

I'm not quite sure how you want to define either pulling back to their 50 day ma or a large positive move.

A very simplistic formula which just checks for the price bar to have been completely above the moving average during the previous bar but where the low of the current bar is below the moving average with the 2-day force index being both greater than the previous bar and above zero could be written as:

L < AVGC50 AND L1 > AVGC50.1 AND (C - C1) * V > .66697164 * ((C1 - C2) * V1 + 1 / 3 * ((C2 - C3) * V2 + 1 / 3 * ((C3 - C4) * V3 + 1 / 3 * ((C4 - C5) * V4 + 1 / 3 * ((C5 - C6) * V5 + 1 / 3 * ((C6 - C7) * V6 + 1 / 3 * ((C7 - C8) * V7))))))) AND .66697164 * ((C - C1) * V + 1 / 3 * ((C1 - C2) * V1 + 1 / 3 * ((C2 - C3) * V2 + 1 / 3 * ((C3 - C4) * V3 + 1 / 3 * ((C4 - C5) * V4 + 1 / 3 * ((C5 - C6) * V5 + 1 / 3 * ((C6 - C7) * V6))))))) > 0

Note that even this version is somewhat rare as the current net change times volume constitutes about two thirds of the total value of the 2-period force index. So a "spike" in the force index is generally going to be indicative of a positive net change, which runs counter to price undergoing a pullback.