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Channeling stocks using stock finder Rate this Topic:
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kenhi
Posted : Wednesday, November 24, 2010 4:22:49 AM
Registered User
Joined: 6/29/2005
Posts: 18
I do not know anything about stock finder.

1. Please teach me how to find horizontial channeling stocks using stock finder.
2. Please teach me how to find vertical channeling stocks using stock finder.
3. After finding channeling stocks sort by MACD cross overs, RSI, stochastics

Thank you
Bruce_L
Posted : Wednesday, November 24, 2010 11:19:19 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You may want to take a look at the channelling stocks topic for two StockFinder techniques that can be used to identify (horizontally) channeling stocks. Anything beyond this will require an unambiguous objective definition of what you mean in particular by horizontal channeling.

While I can imagine horizontal channels and diaganal channels, I have no idea at all what a vertical channeling stock might be. There will always be a horizontal component as time passes.

Once you add an Indicator to the Chart:

Working with Indicators

You can create Conditions by just right-clicking on the Indicator or by Dragging and Dropping that Indicator onto another Indicator within the same Pane and Scale.

Creating Conditions

A Condition can then be used to Scan or Filter a WatchList:

Scanning with Conditions
Filtering Lists

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
kenhi
Posted : Saturday, November 27, 2010 9:28:49 PM
Registered User
Joined: 6/29/2005
Posts: 18
Hi

Can you please tell me in detail how I would do the following in stockfinder 5

1. Find stocks that are hitting support and resistance within the past four months and the difference between the support and resistance lines = to at least $3.00
  a. Support = hitting the price at least three times in the above period
  b. Resistance = hitting the price at least three times in the above period

2. The MACD fast line crossing either above or below the slow line

I watched the videos however there are so many chocies so it would be very hard for me to find a way
to get the results I am looking for. Please tell me if all you can do is to refer me to the videos that you have already told me to look at. I other words is the existing videos the only help you are able to give me

Thank You
Bruce_L
Posted : Tuesday, November 30, 2010 1:11:32 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You may wish to review the Learn how to use the forums: post a new topic, reply, Search existing topics topic for information on how to keep track of the topics in which you have participated (as the Channeling Stocks topic provided a specific Personal Criteria Formula for TeleChart following the first time you provided any specific guidance as to what your particular definition of support and resistance might be).

While it is a relatively rare occurrence (as with the PCF provided earlier), the following RealCode Condition defines support as existing when the Lowest Low over the Period has been hit at least 3 times. It defines resistance as existing when the Highest High over the Period has been hit at least 3 times. It requires support (if it exists) to be at least $3.00 below resistance (if it exists) and for the MACD Histogram to be crossing through zero (this is the same as the fast line and slow line of a non-MACD Histogram to be crossing each other).

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:kenhi channel
'|******************************************************************
'# MH = indicator.Library.MACD Histogram
'# HitAtLeast = UserInput.Integer = 3
'# OverAtMostBars = UserInput.Integer = 84
'# MinWidth = UserInput.Single = 3
If OverAtMostBars >= 2 Then
    Static Max As Single
    Static Min As Single
    Static Count(1) As Integer
    If CurrentIndex >= OverAtMostBars - 1 Then
        If Max - Min >= MinWidth AndAlso _
            Count(0) >= HitAtLeast AndAlso _
            Count(1) >= HitAtLeast AndAlso _
            System.Math.Sign(MH.Value) <> System.Math.Sign(MH.Value(1)) Then
            Pass
        End If
    Else
        SetIndexInvalid
    End If
    If Price.High > Max OrElse CurrentIndex = 0 Then
        Max = Price.High
        Count(0) = 1
    Else If Max = Price.High
        Count(0) += 1
    End If
    If Price.Low < Min OrElse CurrentIndex = 0 Then
        Min = Price.Low
        Count(1) = 1
    Else If Max = Price.Low
        Count(1) += 1
    End If
    If CurrentIndex >= OverAtMostBars Then
        If Price.High(OverAtMostBars) = Max Then Count(0) -= 1
        If Price.Low(OverAtMostBars) = Min Then Count(1) -= 1
        If Count(0) = 0 Then
            Max = Price.High(OverAtMostBars - 1)
            Count(0) = 1
            For i As Integer = OverAtMostBars - 2 To 0 Step -1
                If Price.High(i) > Max Then
                    Max = Price.High(i)
                    Count(0) = 1
                Else If Price.High(i) = Max Then
                    Count(0) += 1
                End If
            Next
        End If
        If Count(1) = 0 Then
            Min = Price.Low(OverAtMostBars - 1)
            Count(1) = 1
            For i As Integer = OverAtMostBars - 2 To 0 Step -1
                If Price.Low(i) < Min Then
                    Min = Price.Low(i)
                    Count(1) = 1
                Else If Price.Low(i) = Min Then
                    Count(1) += 1
                End If
            Next
        End If
    End If
Else
    SetIndexInvalid
End If

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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