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Dr. Wish's Darvas Scan Rate this Topic:
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danielnewbury
Posted : Saturday, October 18, 2014 4:31:42 PM
Registered User
Joined: 9/4/2014
Posts: 4

I am interested in replicating Dr. Wish's Darvas scan as shown in his webinar given in 2012. I think I have done most of the scan parameters correctly, but want to make sure. Can you provide the rules so that I can load them into my conditions list to make this scan? Following is what the scan looks like from the Conditions view. I am particularly interested in the 3rd and 4th rules and 6th rule , as I don't know how to input those.

1. Price as a Percent of 52 Week High between 90.00 and 100.00 - Daily

2. EPS Percent Change Latest Qtr > 49

3. c-30wkma > 0.01 - Daily

4. c/minlow250 > 1.8 - Daily

5. Price Per Share > 30 - Daily

6. 4wkgt10wkgt30wk Is True - Daily

 

Thank you,

Dan

Dan

diceman
Posted : Saturday, October 18, 2014 5:12:46 PM
Registered User
Joined: 1/28/2005
Posts: 6,049

I have this from Dr Wish:

 

Paste logic below into 3 new PCF’s.  Then create a new easyscan as above, using
any watchlist you have created or selected.  Experiment by changing logic below  to use different moving averages or stochastic values.

1.   CTODAYGT30DMACYBELOW (Bounce or near 30 day average):

C > AVGC30 AND ((L1 < AVGC30.1) OR (L < .15 + AVGC30))

2.   2010stoch10,4lt30past5days  (daily stochastic 10,4 <30 anytime in past 5 days):

(STOC10.4 < 30) OR (STOC10.4.1 < 30) OR (STOC10.4.2 < 30) OR (STOC10.4.3 < 30) OR (STOC10.4.4 < 30)

3.   closetodaygtcloseyest (closed up today): C > C1


This is just the first step I use to find some rebounding stocks. I then start to research them by looking at their daily/weekly and monthly chart patterns.  Thank you for requesting this scan.

Good luck!

 

 

Thanks

danielnewbury
Posted : Saturday, October 18, 2014 6:17:20 PM
Registered User
Joined: 9/4/2014
Posts: 4

Hi Diceman,

   That appears to be the PCF list for a stock's  technical strength just before making purchase decision (stochastics, etc.). I'm looking more for the fundamental search based on EPS, stock making 52 weeks highs, etc.. I think I have built it correctly, but would like to export the easy scan so another person can look at it. Is there a way to do this? When I run the current scan that I have build, I'm not getting any stocks, making me think I have built it wrong. 

Thank you,

dan

diceman
Posted : Sunday, October 19, 2014 3:56:26 AM
Registered User
Joined: 1/28/2005
Posts: 6,049

With the recent sell-off you may have trouble finding qualified stocks making new highs.

 

 

 

 

Thanks

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