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brihous
Posted : Monday, October 1, 2012 6:00:36 PM
Registered User
Joined: 1/5/2010
Posts: 29

 

Thank you in Advance.

I would like a condition that shows stocks where the stochastics line changes from moving down to moving up and another condition that shows stocks where the stochastics line changes from  moving up to moving down.  

 

Bruce_L
Posted : Tuesday, October 2, 2012 9:20:42 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

It would be possible to create Condition Formulas for this if the settings are known.

Understanding Stochastics

For example, a Condition Formula for a Simple Stochastic 12,3 %K moving up during the current bar when it was going down during the previous bar could be written as:

STOC12.3 > STOC12.3.1 AND STOC12.3.1 < STOC12.3.2

Checking for the Simple Stochastic 12,3 %K to be moving down during the current bar when it was going up during the previous bar is simply a matter of reversing the > and < signs:

STOC12.3 < STOC12.3.1 AND STOC12.3.1 > STOC12.3.2

A way to do this for any indicator without knowing its settings would be to add a 1-Period Simple Moving Average with an Offset of 1 to the indicator.

You could then check for the indicator to be moving up and the moving average to be moving down or vice versa by clicking on both the indicator and moving average to Create Scan Condition.

Creating Scan and Sort Conditions

And then add both Conditions to the same EasyScan as EasyScan Conditions.

EasyScan Basics
EasyScan Expanded



-Bruce
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