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PCF or Scan for Trending Channel. Rate this Topic:
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Donk
Posted : Monday, November 14, 2011 5:00:29 PM
Gold Customer Gold Customer

Joined: 11/17/2007
Posts: 28
Can a Trainer write a PCF or scan for following.     1) Find stocks with Trending Channel with retracement within channel & also when breakout from channel.   2)  PCF or scan for stks still showing strength during S&P (ie mkt) pullbacks. 

Thx for your help. 
Donk
Posted : Monday, November 14, 2011 5:08:46 PM
Gold Customer Gold Customer

Joined: 11/17/2007
Posts: 28
If I had a pcf column to add to watch list of channel trending stocks & a col for when they breakout I could easily see when this occurs. And also a col for strong stongs even during mkt weakness.
Bruce_L
Posted : Tuesday, November 15, 2011 8:04:44 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
What are your particular unambiguous objective definitions of "channel", "trending", "retracement" and "breakout"?

Would any stock where price is below say TC2000 version 7's Lower Linear Regression Channel 20,20 of a Linear Regression Line with a positive slope qualify as a retracement?

C < AVGC20 - 9.5 * (9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665 + 20 * (ABS(C18 - AVGC2.18) + ABS(C17 - AVGC3.17) + ABS(C16 - AVGC4.16) + ABS(C15 - AVGC5.15) + ABS(C14 - AVGC6.14) + ABS(C13 - AVGC7.13) + ABS(C12 - AVGC8.12) + ABS(C11 - AVGC9.11) + ABS(C10 - AVGC10.10) + ABS(C9 - AVGC11.9) + ABS(C8 - AVGC12.8) + ABS(C7 - AVGC13.7) + ABS(C6 - AVGC14.6) + ABS(C5 - AVGC15.5) + ABS(C4 - AVGC16.4) + ABS(C3 - AVGC17.3) + ABS(C2 - AVGC18.2) + ABS(C1 - AVGC19.1) + ABS(C - AVGC20)) / 400 AND 9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19 > 0

Would any stock where price is above say TC2000 version 7's Upper Linear Regression Channel 20,20 of a Linear Regression Line with a negative slope qualify as a breakout?

C > AVGC20 + 9.5 * (9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665 + 20 * (ABS(C18 - AVGC2.18) + ABS(C17 - AVGC3.17) + ABS(C16 - AVGC4.16) + ABS(C15 - AVGC5.15) + ABS(C14 - AVGC6.14) + ABS(C13 - AVGC7.13) + ABS(C12 - AVGC8.12) + ABS(C11 - AVGC9.11) + ABS(C10 - AVGC10.10) + ABS(C9 - AVGC11.9) + ABS(C8 - AVGC12.8) + ABS(C7 - AVGC13.7) + ABS(C6 - AVGC14.6) + ABS(C5 - AVGC15.5) + ABS(C4 - AVGC16.4) + ABS(C3 - AVGC17.3) + ABS(C2 - AVGC18.2) + ABS(C1 - AVGC19.1) + ABS(C - AVGC20)) / 400 AND 9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19 < 0

Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
Linear regression channel calculations
Spotting trend changes using linear regression channel sorts
EasyScan for stocks pulling back from an uptrend

As far as creating a Personal Criteria Formula to identify stocks showing strengths, I cannot think of an automated method. You could create a formula for Price Percent Change over specific periods of time in which SP-500 was undergoing a pullback and sort for a positive Price Percent Change or create a Condition Formula for a Price Percent Change being at least a certain value over that period.

For example, a formula for the Price Percent Change between April 26, 2010 and July 1, 2010 would be:

100 * (C'07/01/2010' / C'04/26/2010' - 1)

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

-Bruce
Personal Criteria Formulas
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