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Using stochastics to buy on weakness - Telechart Rate this Topic:
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robmelbye
Posted : Wednesday, August 22, 2007 3:47:20 PM
Registered User
Joined: 11/9/2004
Posts: 19
I want a scan that would show me an oversold condition for a stock over the last month (22 trading days). Oversold would be a stochastics that is under 18 .

How would I get those stocks if stochastics under 18 where settings are 22 20 10.

Rob
StockGuy
Posted : Wednesday, August 22, 2007 4:08:05 PM

Administration

Joined: 9/30/2004
Posts: 9,187
See if this works for you:

AVG(STOC22.20,22) < 18

Craig_S
Posted : Wednesday, August 22, 2007 4:10:28 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Another one to try is:

MAX(STOC22.20,22)<18

- Craig
Here to Help!
bustermu
Posted : Wednesday, August 22, 2007 5:04:50 PM
Registered User
Joined: 1/1/2005
Posts: 2,645
Another one to try is:

MIN(STOC22.20,22)<18

and an infinity of others.

You need to indicate something about what has to happen concerning the oversold condition over the 22 days to stop this.

Thanks,
Jim Murphy
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