Registered User Joined: 11/18/2017 Posts: 56
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Hi Bruce,
Is there any way I can scan for stocks that bounce after a pull back for the day?
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There isn't a way to tell the start of the day or how many bars have passed during the day in an intraday formula, so not really in that sense.
You could check for price to be above the low in a daily time frame, but that is going to pretty common.
C > L
You could check for the open to be above the close and the close to be above the low.
O > C AND C > L
But this again is going to be pretty common.
I am not sure there really is a way to structure a daily formula which would actually do what you want.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/18/2017 Posts: 56
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Ok. The built in bounce after pull back scan is showing me different results.
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The built in bounce after pullback is not intraday.
It checks for $5 and higher stocks with at least 250k average volume, a six month price percent change higher than 75% of US Stocks, price to currently be in the bottom of 20% of its 12 day range on average over the most recent 5 days, but price to be moving up between yesterday and today.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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