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How would I scan for stocks that go up most days? Rate this Topic:
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almtreeservices
Posted : Thursday, February 15, 2018 1:51:33 PM
Registered User
Joined: 12/30/2012
Posts: 39
Bruce_L
Posted : Thursday, February 15, 2018 1:57:10 PM


Worden Trainer

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

Write a formula for your definition of a gap up. So for example, if it means the open is above the previous close.

O > C1

If it means the open is above the previous high.

O > H1

If it means the low is above the previous high.

L > H1

Or it might mean something like the open is at least 1% above the previous close.

O >= 1.01 * C1

Use the desired formula as a Custom PCF % True Indicator. Set the Average Type to Simple and the Period to the number of bars you want to check.

You can click on the Custom PCF % True indicator to use it as a WatchList Column and sort or Create Condition (or Create Scan Condition) to create a condition based on the percentage of the time each symbol meets the requirements of the desired formula.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
almtreeservices
Posted : Thursday, February 15, 2018 2:12:55 PM
Registered User
Joined: 12/30/2012
Posts: 39

How do I make a custom pcf % true indicator? Thank you for your help.

Bruce_L
Posted : Thursday, February 15, 2018 2:29:48 PM


Worden Trainer

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

It is just a regular indicator called "Custom PCF % True Indicator", so you would add it the same way you would add something like stochastics or a moving average.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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