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finding stocks that are consolidating a minium of the last five days Rate this Topic:
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timothy8502
Posted : Monday, July 24, 2006 7:58:10 PM
Registered User
Joined: 2/24/2005
Posts: 4
as mentioned above, this is what i am trying to achieve.

any help will be appreciated.

thanks. tom jordan
Craig_S
Posted : Monday, July 24, 2006 8:08:15 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Try SORTING any WatchList in ASCENDING order by this PCF:

Tend/Consolidate 5-days

100*(MAXH5-MINL5)/(AVGH5-AVGL5)

The stocks consolidating the most in the last 5 days will rise to the top of your WatchList.

Check out these two videos:

How to create a Personal Criteria Forumula (PCF)

Create your own stock rankings using WatchLists and Sort conditions

- Craig
Here to Help!
timothy8502
Posted : Monday, July 24, 2006 8:55:45 PM
Registered User
Joined: 2/24/2005
Posts: 4
HI CRAIG; I DID YOUR SUGGESTED FORMULA AND WHEN I TESTED IT SAID I NEEDED AS 6; I DID THIS AND IT CONTINUED TO MOVE ME UP A NUMBER (7, THEN 8 ETC.)

ANY SUGGESTIONS?
Craig_S
Posted : Monday, July 24, 2006 9:17:00 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
This formula will return a number. You will use it as a SORT for your WatchLists.

Go to any WatchList (even a WatchList created by an EasyScan) and sort by the condition in ASCENDING order. If you are not familiar with sorting, check out the video I linked above.

You will rank your stocks by how much they are consolidating or trending over the past 5 days.

- Craig
Here to Help!
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