Registered User
Joined: 1/22/2016
Posts: 4
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I’m looking to write up a scan that has the following criteria:
Stock price range = $1-$10
Open price Gaps up or down from previous close = +/- .30
When the stock retraces back to near the previous day close by .20, I want to be alerted.
For example:
ABC closes at $8 on Monday
On Tuesday, it opens up at $8.50.
I want to be alerted when the stock comes down to $8.20
Is there anyway to write a scan like this?
I also have some other price parameters that are needed
Price Range | Initial Gap from Previous Close Price | Alert Distance from Previous Closing Range
1-10 +/- .30 .20
10-20 +/- .60 .30
20-35 +/- 1.00 .40
35-70 +/- 1.20 .50
70+ +/- 1.50 .50
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Your initial $1-10 Condition Formula can be written as follows.
1 <= C AND C <= 10 AND ABS(O - C1) >= .3 AND ABS(C - C1) <= .2
The $10-20 version can be written as follows.
10 <= C AND C <= 20 AND ABS(O - C1) >= .6 AND ABS(C - C1) <= .3
The $20-35 version can be written as follows.
20 <= C AND C <= 35 AND ABS(O - C1) >= 1 AND ABS(C - C1) <= .4
The $35-70 version can be written as follows.
35 <= C AND C <= 70 AND ABS(O - C1) >= 1.2 AND ABS(C - C1) <= .5
The $70+ version can be written as follows.
70 <= C AND ABS(O - C1) >= 1.5 AND ABS(C - C1) <= .5
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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