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Mahog
Posted : Tuesday, August 21, 2007 9:56:36 AM
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Joined: 1/29/2005
Posts: 9
Where can I find a scan to show stocks bouncing off the 50 day moving average?
Craig_S
Posted : Tuesday, August 21, 2007 10:07:24 AM


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Joined: 10/1/2004
Posts: 18,819
A few questions to be sure I do this correctly for you...

1. Is your MA simple or exponential?

2. What makes something a "bounce"? I need you to elaborate on this.

- Craig
Here to Help!
Mahog
Posted : Tuesday, August 21, 2007 10:10:24 AM
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Joined: 1/29/2005
Posts: 9
MA is simple.

A bounce is using the 50 day ma as support.It may touch it or come close to it , then rise above it again.
Craig_S
Posted : Tuesday, August 21, 2007 10:42:06 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
I need to know how you want to define "close to it" exactly.

I also need to know how long ago you want to allow the "close to it" to happen before you abandon the pattern.

- Craig
Here to Help!
Mahog
Posted : Tuesday, August 21, 2007 12:25:49 PM
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Joined: 1/29/2005
Posts: 9
For "close to" let's say touches it (or equals.
How about yesterday (today-1). Will that work?
Craig_S
Posted : Tuesday, August 21, 2007 12:37:36 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Sure. Try this:

L1<=AVGC50.1 AND H1>=AVGC50.1 AND L2>AVGC50.2 AND L>AVGC50

- Craig
Here to Help!
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