Registered User Joined: 7/20/2017 Posts: 3
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Hi,
I have written a number of condition sets to scan for stocks. One of the things I would like to narrow the selection process down further is to add the ability to check the sector/industry against the stock in the same scan.
ie one instance is to scan against the stock/sector and industry are all in an up trend
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Thank you for your suggestion.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 9/17/2010 Posts: 484
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There are some things you can do. Using PMO 35 as an example, I can:
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Add the Industry as a "price" panel on my chart
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Add a PMO panel
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Change Data Source of PMO Channel to the Industry
From here, I can create a Scan Condition for Industry PMO moving up,abovei its MA, being above zero, depending on my criteria, have the same scan criteria for the stock and determine if both are in an uptrend or not
Or
I can plot a PMO in the same panel for both the stock and the industry, each with its MA10. I can visually see what their repective trends are. On July 2, I happen to have TSC as my chart symbol, and I can see that TSC is stronger than its industry, but both are trending down (downward direction and below their MA10. It appears fromthis chart that I can Create Condition PMO Stock Cross Up PMO Industry, which could be a version of a Relative Strength Cross Over
I beleive it is true to say that Create Condition gives us capabilities we don't have if using PCFs.
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