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RLKMac
Posted : Thursday, August 4, 2016 8:40:33 PM
Registered User
Joined: 8/2/2016
Posts: 15

Hey 

I'm looking for help with a "breaking out on volume" scan. Can anyone offer me some direction in finding a scan like this? 

Also, a top gainers/losers scan would be great to find/create.

I come from a TOS background recently so everything with TC2000 is greek to me at the moment. 

Appreciate any help. Cheers

Rm

Bruce_L
Posted : Friday, August 5, 2016 10:33:57 AM


Worden Trainer

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

It is all going to depend on your specific definitions of "breaking out" and "on volume".

Let's say we define breaking out as price being above the high of the previous 60 and on volume as volume being greater than twice the 30 period average volume.

C > MAXH60.1 AND V > 2 * AVGV30

How to create and save a Condition (PCF) Formula
How to Create an EasyScan and save it to the Library

But a different definitions would require a different formula.

As far as top gainers/losers go, I would just sort by price percent change over whatever arbitrary period you want to use. Add a Rate of Change Percent iindicator to the chart and adjust the period as desired.

How to add an indicator to a chart template
How to edit an Indicator

Then use the indicator as a WatchList Column and sort.

How to add an indicator to a WatchList
How to sort a WatchList by a column



-Bruce
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