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diadem
Posted : Saturday, January 23, 2016 11:19:33 AM
Registered User
Joined: 1/22/2013
Posts: 1

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

Bruce_L
Posted : Monday, January 25, 2016 3:24:38 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

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
Spooky130u
Posted : Tuesday, January 26, 2016 2:53:34 PM
Registered User
Joined: 11/9/2015
Posts: 36

Looks like my answer, too!  Thanks

 

Bruce_L
Posted : Tuesday, January 26, 2016 2:55:39 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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