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Registered User
Joined: 12/11/2004
Posts: 59
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This concerns a "Worden Report" on 6/30/06 with Sir Rotate. If this is not the forum to ask this please re-direct me. This is about Sir Rotate's Scan #1 , I like the method that he is using (makes sense), but be a little bit as a newbie in designing scans it would be nice to have a few parameters or PCF's concerning some of the criteria that he has listed. Kinda looking for a starting point and I will adjust the parameters and PCF's to fit my needs. The info I'm talkimg about is as follows:
Price vs 100 day high
Price vs 100 day low
Price vs 50 day MA
BOP
MS
Volume surge
Profit past 30 days
Price vs 5 yr. ago
any help would be appreciated, thanks so much.
Michael
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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He does not specify his PCFs. Here are some guesses (based on their names):
Price vs 100 day high
100*C/MAXH100
Price vs 100 day low
100*C/MINL100
Price vs 50-day MA
100*C/AVGC50
BOP
Not sure, but check this out:Sorting for BOP
Profit Past 30 Days
C-C30
Price vs. 5yr ago
100*C/C1250
Volume Surge is a built in conditions (see link below for description) and there are several built-in MoneyStream conditions.
Here are all the built-in conditions defined: Definitions of all built in scanning and sorting criteria
We trainers cannot recommend settings or limits for your conditions. I suggest you take each of these conditions and SORT a large WatchList like the Russell 3000 by each one.
Look at the stocks that return HIGH values for each then sort in ASCENDING order and look at the ones returning LOW values for each condition. From there you will get a feel for each condition and can uild from there.
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
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Registered User
Joined: 3/9/2006
Posts: 39
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In that very same report (6/30/06) Sir Rotate also outlines that he "adjusts each criteria so that the best 60% of stocks print in green background and the worst 40% print in red background".
I understand that one can choose to display different colors for positive or negative value, but how can you color code sort values above an arbritrary value (e.g., 60%)?
Can somebody point me how this can be done, say for example, if I want to print the profit past 30 days (C-C30) in green for the top 60% of stocks in my watchlist?
thanks in advance
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Registered User
Joined: 1/28/2005
Posts: 6,049
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sundeep
Lets say you wanted the top 30% of stocks based on 30 day percent
change. (just something I made up) You would create a "normal" scan.
Earnings/Price/volume/dividends/capitalization and so on.
Lets say your scan returned 327 stocks.
You would put a "30 day percent change" in the watchlist tab and sort
in descending order.
The top 98 stocks (327*.3) would be your candidates.
This is one method.
If you are using "large" watchlists like all stocks. You can use the
value/range sliders to narrow down your watchlists.
Thanks
diceman
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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sundeep,
I could be wrong, but I think Sir Rotate is just adjusting the Rangefinder in his EasyScan to a Rank of 60 to Max. You can send an email to Sir Rotate's attention at support@worden.com if you wish to get clarification from the author.
After Mr. Worden publishes an article, many times other customers have questions that can only be answered by the author of the article. We do not give out anyone’s email address or other personal information, rather, we will just forward their email on to the appropriate person. The individual may or may not choose to respond directly to you.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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