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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » condition formula for narrow price movement

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bizfix
Posted : Thursday, March 22, 2018 6:07:32 PM
Registered User
Joined: 8/27/2014
Posts: 22

hello, I want to add a condition for a stock that has a tight price movement over a 3 week period. I would like the scan to pick up stocks that have not moved more than 2 or 3 % over a 3 week period. Could you suggest a formula thanks 
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Bruce_L
Posted : Friday, March 23, 2018 9:06:27 AM


Worden Trainer

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

The following condition formula is an example checking for the entire range of price to be less than 3% over 15 bars (about 3 weeks in a daily time frame).

MAXH15 <= 1.03 * MINL15

The following condition formula checks for the closing prices to be in a 2% range over 15 bars.

MAXC15 <= 1.02 * MINC15


-Bruce
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