Registered User Joined: 12/23/2012 Posts: 5

Hello,
New to TC2000. Used Finviz and Etrade Pro for scanning but have hear greate things about this software and wanted to give it a shot. Are there certain scans that traders use for low price volatile stocks? I like to scan for multi day breakout possibilities, 52 high breakouts with Volume over 200K, price between .01 and 10 and up on the day. Is this possible?


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

You could try the following.
C > MAXH251.1 AND V > 200000 AND .01 <= C AND C <= 10
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How to Create an EasyScan and save it to the Library
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Gold Customer
Joined: 11/16/2015 Posts: 101

Hello BRUE L
If I wanted to use the same thing as that easy scan and I wanted to have it for a DAILY 1 3 5 this is how I would change the formula that you got for this easy scan So fiveday what I do it this way
C > MAXH51.1 AND V > 500000 AND .01 <= C AND C <= 10


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

That is exactly what you would do if you are trying to keep the same scan but use a weekly time frame instead of a daily time frame..
If you wanted the volume for the week to be 5 * the 200,000 shares used above though, you would want to use 1000000 instead of 500000.
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Gold Customer
Joined: 11/16/2015 Posts: 101

And the last number in the code that would be the price correct $10
C > MAXH251.1 AND V > 200000 AND .01 <= C AND C <= 10


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

Yes, the last 10 in the code stands for $10 if the symbol is a stock.
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Gold Customer
Joined: 11/16/2015 Posts: 101

Thank you so much Bruce
Okay so I'll change that volume 1000000
So right now is that for 5 days hundred
sometimes I would like to do it for like between 1 day 3 day 5 day how would I do it for that what would I have to do just change the last digits at the end
C > MAXH51.1 AND V > 1000000 AND .01 <= C AND C <= 10
C > MAXH1.1 AND V > 1000000 AND .01 <= C AND C <= 10
1 day
3 day
3.1
5day 5.1
if I wanted to change this for one day what would I do I'm just like to know the same change for all the other days I want


Gold Customer
Joined: 11/16/2015 Posts: 101

Thank you Bruce
I'm glad you guys got this program cuz let me tell you it's nice to have a program that I can use there are some other ones out there that can be expensive the one I really liked was stocks to trade but that's like too much money but I'm with you guys for life no matter what thank you very much hopefully I can start a kind of a group so when the morning before the Market opens up with can all get together and it's change ideas and different skins and stuff like that but if you want to do a webinar on the web site like they do before it videos let me know I'll definitely join the thank you for all your hard work you do I have to go now


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

I am somewhat confused and I think I may have misunderstood the first request. I thought you were trying to convert a formula written for a daily time frame into a formula for a weekly (5 day) time frame.
The original formula in this topic is designed for a daily time frame and checks for the current price to be above the high of the previous 251 trading days. This 252 trading day span is meant as an approxiation for 52 calendar weeks with weekends and market holidays taken out.
The conversion had already been successfully done with the only possible issue being the volume being checked over 5 days was only double the volume being checked for a single day.
So converting from a daily time frame to a weekly time frame meant multiplying the volume by 5 in order to get the scan to return similar stocks with similar average volume.
If you are just checking for price to be above the high of the previous trading day, 3 trading days or 5 trading days however, there is no need to adjust volume.
C > H1 AND V > 200000 AND .01 <= C AND C <= 10
C > MAXH3.1 AND V > 200000 AND .01 <= C AND C <= 10
C > MAXH5.1 AND V > 200000 AND .01 <= C AND C <= 10
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Gold Customer
Joined: 11/16/2015 Posts: 101

Bruce.
thank you your answer in my question. I'm just curious where I put 5 days? Question I was asking, where do you put the a 5 day in the formula. What I was asking you so you get into my question at the end of the beginning of the formula. MXAH3.1 so this means 3 days, correct? The first number is the day what is the second number stand for?


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

In MAXH3.1 the 3 is the number of bars over which you are returning the maximum high and the 1 is how many bars ago the last of these 3 bars happened.
So MAXH3.1 is the highest high of the 3 bars ending 1 bar ago.
C > MAXH3.1 says the current price is higher than the highest high of the 3 bars ending 1 bar ago.
The measurements are in bars. So if the time frame is daily, then each bar is equal to 1 day, if the time frame is hourly then each bar is equal to one hour and if the time frame is weekly then the time frame is equal to one calendar week.
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Gold Customer
Joined: 11/16/2015 Posts: 101

Thank you, Bruce.
Good work on the penny stock scan.
Thank .You for everything you do on here. God bless.


Worden Trainer
Joined: 10/7/2004 Posts: 60,672

You're welcome.
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