Registered User
Joined: 6/8/2005
Posts: 3
|
I have used other scanning software, and can easily input my own formulas:
Volume of Today is greater than 100% of Average Volume 1 Month.
Average Volume 6 months is greater than, or equal to 75,000.
Another one is ADX is greater than 40, Relative Strength is greater
than 70,
Another, closing price is greater than 92% of 52 Week high, Average
Volume 6 months is greater than or equal to 80,000, relative strength is
greater than 45, 52 week high is greater than 300% of 52 week low.
I cant do this with Telechart 500. If it is possible, please let me know.
I only play penny stocks, and do not wish to see results for stocks over .50
Thanks in Advance
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
Today's Volume Greater Than 1 Month Average Volume
V>AVGV21
6 Month Average Volume Greater Than 75,000
AVGV125>=750
Close Greater Than 92% of 52 Week High
C>(MAXH250*.92)
6 Month Average Volume Greater Than 80,000
AVGV125>=800
52 Week High Greater Than 300% of 52 Week Low
MAXH250>(MINL250*3)
If you're not familiar with how to write and update PCF's, here is a training video that will help:
How to create a Personal Criteria Forumula (PCF)
PCF's Cannot be written for ADX or Relative Strength. Much helpful information has been written about these issues here in the forums. Just do a search on Relative Strength, or ADX, or +DI, or -DI and start poking around to see if any of it is useful for your situation. You may also be interested in this video about ADX sorting:
Sorting by the ADX indicator
Since you only play penny stocks, you might consider using EasyScan to create a universe of stocks in that price range. Just add Price Per Share as a scan condition, use Value as your Condition Type, and use the range selector to accept only values from MIN to .50. If you're unfamiliar with EasyScan, here is a training video that will help:
Using EasyScan to find stocks that meet your own criteria
- Doug
Teaching Online!
|