hi

mac, TC2000 12

my question

this is the code from http://freetraderchat.com/blog/top-5-tc2000-scans/

C > 10 AND AVGV5 > 2000 AND C > XAVGC50 AND C > O AND (L < XAVGC50 OR L1 < XAVGC50.1) AND C > XAVGC50 AND C >= .8 * MAXH252 AND V > ABS(C1 < C2) * V1 AND V > ABS(C2 < C3) * V2 AND V > ABS(C3 < C4) * V3 AND V > ABS(C4 < C5) * V4 AND V > ABS(C5 < C6) * V5 AND V > ABS(C6 < C7) * V6 AND V > ABS(C7 < C8) * V7 AND V > ABS(C8 < C9) * V8 AND V > ABS(C9 < C10) * V9 AND V > ABS(C10 < C11) * V10

and there is alway a message: Error in formula  Argument missing near *

thanks for helping 

I am going to guess that your computer is set to use the , as the decimal marker instead of using the . as the decimal marker which would be more common in the United States as the formula seems to work correctly for me.

Please try the following Condition Formula which multiples C >= .8 * MAXH252 by 10 to create 10 * C >= 8 * MAXH252 instead to eliminate the decimal marker.

C > 10 AND AVGV5 > 2000 AND C > XAVGC50 AND C > O AND (L < XAVGC50 OR L1 < XAVGC50.1) AND C > XAVGC50 AND 10 * C >= 8 * MAXH252 AND V > ABS(C1 < C2) * V1 AND V > ABS(C2 < C3) * V2 AND V > ABS(C3 < C4) * V3 AND V > ABS(C4 < C5) * V4 AND V > ABS(C5 < C6) * V5 AND V > ABS(C6 < C7) * V6 AND V > ABS(C7 < C8) * V7 AND V > ABS(C8 < C9) * V8 AND V > ABS(C9 < C10) * V9 AND V > ABS(C10 < C11) * V10

thanks for answering

but

that should show 

SCAN FOR STOCKS CONSOLIDATING IN TC2000

but thats not true

?

Why would you think it is a formula for a scan for stocks consolidating in TC2000?

The formula is called Momo on the page to which you linked in your original post. I am pretty sure Momo is short for momentum, which does not imply consolidation.

"This is a good scan for discovering stocks that have momentum. This scan is designed to look for stocks that have a lot of ups and downs in the price action."

What it is actually checking for is something called a "Pocket Pivot". That is this part of the formula.

V > ABS(C1 < C2) * V1 AND V > ABS(C2 < C3) * V2 AND V > ABS(C3 < C4) * V3 AND V > ABS(C4 < C5) * V4 AND V > ABS(C5 < C6) * V5 AND V > ABS(C6 < C7) * V6 AND V > ABS(C7 < C8) * V7 AND V > ABS(C8 < C9) * V8 AND V > ABS(C9 < C10) * V9 AND V > ABS(C10 < C11) * V10

It then requires that price is above the 50 period exponential moving average with the low of the current or previous bar being below the 50 period exponential moving average. So price is crossing up through the 50 period exponential moving average. That is this part of the formula.

(L < XAVGC50 OR L1 < XAVGC50.1) AND C > XAVGC50

The fomula also requires price to be at least 10, average volume over the most recent 5 bars to be at least 2000 shares, the current price to be above the open and price to be at least 80% of its one year high.

C > 10 AND AVGV5 > 2000 AND C > O AND 10 * C >= 8 * MAXH252

None of these requirements would seem to be related to consolidation at all. If you have a specific unambiguous objective definition of consolidation in mind, we could try to help you implement your particular definition in TC2000.

thank you, I'm a beginner 

You're welcome.