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Registered User
Joined: 12/3/2004
Posts: 10
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Hi, this is for Doug.
I loved your video on the pcf. Would you please explain futher the number 100. All items above and alll items below confuses me.
thank you very much
Arch99
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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The way the PCF's are written, any stock returning a value less than 100 for the formula is one where the 10MA is below the 40MA. Any stock returning a value greater than 100 for the formula is one where the 10MA is above the 40MA. The number 100 is significant only because the formula is written with a *100 at the end. If that was left out of the formula, you would be looking for stocks returning values above and below 1 instead of 100.
- Doug
Teaching Online!
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Registered User
Joined: 12/3/2004
Posts: 10
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OK, thanks,Doug
What do you mean by "VALUE" and why is it inportant??
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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He means the method you limit the criterion by in EasyScan. Check out this video to see what he means:
Using EasyScan to find stocks that meet your own criteria
It explains VALUE vs. Market and List RANK.
- Craig
Here to Help!
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