Registered User Joined: 1/7/2006 Posts: 6
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Hi Bruce and thanks...looking for a scan that will show stocks at (+/-) 25 cents within the 50 sma on a weekly chart...both a scan for above and a scan for below the 50sma...and like I mentioned...within 25cents or so...
stock proce would be 5-100 and average volume at least 500k
.Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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A Condition Formula for Stocks being within 25 cents of the 50 period simple moving average, with a stock price from 5-100 and 50-period average volume of at least 500,000 shares per bar can be written as follows.
5 <= C AND C <= 100 AND AVGV50 >= 500000 AND ABS(C - AVGC50) <= .25
You would set the time frame of the PCF to Weekly.
Note that this would check for average weekly volume of at least 500,000 shares. If you want average daily volume of 500,000 shares, you could approxmite it by multiplying the required weekly volume by 5:
5 <= C AND C <= 100 AND AVGV50 >= 2500000 AND ABS(C - AVGC50) <= .25
Or by eliminating the volume requirement from the weekly formula.
5 <= C AND C <= 100 AND ABS(C - AVGC50) <= .25
And creating a separate daily PCF for just the volume which can be added to the same EasyScan as the weekly Condition Formula.
AVGV50 >= 500000
Building a Scan with Multiple Conditions (7:29)
Writing Custom Conditions: The Basics (40:36)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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