Registered User Joined: 1/22/2013 Posts: 1
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I am looking for a way to scan for low volatility stocks. Stocks that have been trading for the last X amount of days and have not moved more than X of a percentage within that time frame. If possible, I would like to have a further, but optionable criteria, to let me know if the stock is near the center of that channel.
Example: Find stocks that have traded within a 4% range within the last 14 days and are near the center of that channel.
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The following Condition Formula would check for the total trading range over the most recent 14 bars to be 4% or less with price currently within 15% of that range of the center of the range (so in the middle 30% of the range).
MAXH14 <= 1.04 * MINL14 AND ABS((H + L) / 2 - C) <= .15 * (MAXH14 - MINL14)
Note that if you want to make sure the stocks actually have a range over those 14 bars, you would need to add that to the formula.
MAXH14 <= 1.04 * MINL14 AND ABS((H + L) / 2 - C) <= .15 * (MAXH14 - MINL14) AND MAXH14 > MINL14
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/9/2015 Posts: 36
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Looks like my answer, too! Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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