I want to scan for optional stocks that are approaching or recently dropped below their strong support.

You need to be able to calculate strong support in order to do this. So the first step in the process would be to come up with an unambiguous objective definition of what constitutes strong support.

Only then can we determine if it is possible or not to implement that specific definition in TC2000.

If  you consider monthly low or weekly low as a strong support, you can scan for stocks which are retesting the monthly or weekly lows or slightly below the lows. You can do a bracket like stocks within 1% of the price above or below the weekly low.

You can do a search for it using

c < l1 * 1.01 and c > l1 * 0.99.

Do that on monthly or weekly timeframe to get you stocks that are within 1 % of the weekly lows. And you can visually scan if  you like any of the stocks. 

Additionally you can add a price above a moving average to add to the filtering condition. 

Hope this helps.

B

I meant how does this change: c < l1 * 1.01 and c > l1 * 0.99
 for a six month period?

On one of TC2000 Video Tutorials ("Easy Scan section" I believe), Julia provided this Resistance PCF:

mjbarton,
If I am understanding your request correctly,  six month version of the formula suggested by busterram might be written as follows.

ABS(C / MINL126.1 - 1) < .01

stochastics,
Please try the folowing Condition Formula.

C = MINL120 AND ABS(C / MINC120.60 - 1) < .01

Thanks, I'm getting closer now. If I want to find a stock that is near their low within the last six months and also near it in the previous six months (i.e. got near the low at least twice, once in the last six months and once in the previous six months. ABS(C / MINL252.126 - 1) < .03 and ABS(C / MINL126.1 - 1) < .03 doesn't seem like I have the correct use of the 252.126 and 126.1 correct.

Maybe something like the following?

MINL126 <= 1.03 * MINL252 AND MINL126.126 <= 1.03 * MINL252

Thank you very much for this help.

1. Does this read the low over the last 126 days is within 3% of the low over the last 252 days and the low going back between 252 and 126 days ago is within 3% of the low over the last 252 days?
 This seems redundant?

2. I want the close tody to be within 3% of this support (as we define by the two lows detected within the last six monhs and the previous six monhs.

I have C <= 1.03 * MINL252 for #2 above. I think this is correct. If so, I just need some clarification on #1 above.

Yes, it is checking for the low over the most recent 126 bars to be within 3% of the low of the most recent 252 bars and for the low of the 126 bars before that to also by within 3% of the low of the most recent 252 bars. So price had to have dropped within 3% of the 252 bar support in both the first an second 126 bars of those 252 bars.

These requirements are not redundant with each other. Either the first or second 126 bars will have set the low over 252 bars and should be equal. The other 126 bar increment needs to be within 3% of that low.

Your C <= 1.03 * MINL252 would be correct for the current price also being within 3% of that low.

MINL126 <= 1.03 * MINL252 AND MINL126.126 <= 1.03 * MINL252 AND C <= 1.03 * MINL252

perfect. I get it now. You are amazing. I have a BS in math and a Masters in statistics and I really had to study this to get it! Thanks again.

You're welcome.