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Registered User
Joined: 6/10/2006
Posts: 3
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I would like to create a scan for stocks up 5 weeks in a row using WEEKLY charts. Help appreciated.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
TeleChart's Weekly Charts are based on rolling 5-Day per Bar periods. If you wish to write a PCF to match the Charts, it could be written as:
C > C5 AND C5 > C10 AND C10 > C15 AND C15 > C20 AND C20 > C25
You could then use this as an EasyScan Condition. You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
PCF Formula Descriptions
If you mean Calendar Weeks, I do not know of a an automated method of doing so in TeleChart (you would need to manually re-create the PCF each day and manually adjust for Market Holidays). Blocks uses Calendar Weeks however.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 43
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Try the following:
1) Go to your main chart: right click mouse, then select "add indicator", then select "custom", then select "percent true"
2) Decide if you want indicator in top, middle, or bottom indicator pane
3) Insert the following formula: C >C1 AND C1 > C2 AND C2 > C3 AND C3 > C4 AND C4 > C5
4) Deselect "visible" and close
5) Set main chart time frame to Weekly (or 5 bars)
6) Go to Telechart Watchlist and select the watchlist you wish to scan
7) Select Sort drop down and then choose "Indicator" and then select your new formula
8) For time frame select "weekly" and then press "sort"
This should do it.... In your watchlist, any value that shows "100" under your sort column will meet your criteria.
Hope this helps....Good luck,
Hannibal41
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Registered User
Joined: 10/7/2004
Posts: 43
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Note that Bruce's method is much simpler, but if you want to use this scan for different time frames or even intraday time frames then (C >= C1 AND C1 > C2 AND C2 > C3 AND C3 > C4 AND C4 > C5 ) as a custom indicator on your main chart will give you more flexibility....
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Registered User
Joined: 6/10/2006
Posts: 3
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Man, you guys are good ! Thanks very much.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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walidsaleh,
You're welcome. Our pleasure. Some additional notes on Hannibal41's method:
- It allows you to use the same formula for all Time Frames.
- The resulting formulas are usually much simpler than creating non-Daily Personal Criteria Formulas.
- It is the only way to convert certain formulas (like TSV or RSI with non-1 Avg and Wilders Smoothing).
- It is the only way to convert a formula to intraday Time Frames (if you had Platinum).
- The big disadvantages I can think of are sort speed on large Watchlists and not working in EasyScans.
You may wish to review the following:
Visually Backtesting Specific Symbols
Plotting Custom Indicators with Examples
Sorting price and indicators by their Actual Value
Real time indicator sorting (available at the Platinum level)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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