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Easyscans over two timeframes Rate this Topic:
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Mysteron
Posted : Tuesday, May 7, 2013 3:22:57 AM
Registered User
Joined: 5/23/2010
Posts: 22

An easyscan for stocks that satisfy the following momentum condition on a low time frame of 1 minute is:

(L>L1 AND L1>L2 AND L2>L3) or (H<H1 AND H1<H2 AND H2<H3)

 

An easyscan for stocks that are close to their high or low on a daily timeframe is:

abs(C-L)<=(H-L)*0.05 OR abs(H-C)<=(H-L)*0.05

 

Problem is how to combine both scans for different time frames?

There does not appear to be a natural way to do this, either by creating a single scan condition for different time frames, or by applying each scan sequentially and feeding the results of one scan into the other.

The only option I can see is to flag all symbols that satisfy the first easyscan, then apply the second easyscan and look to see which of those symbols have flags set - which will indicate both conditions are true.

That seems a bit cumbersome, especially when prices are moving quickly, do you have a better method for finding stocks satisfying conditions over more than one time frame?

Bruce_L
Posted : Tuesday, May 7, 2013 9:07:25 AM


Worden Trainer

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

Create your Condition Formulas individually and then add them to the same EasyScan.

Building a Scan with Multiple Conditions

You can set the Time Frame for all of the Conditions in the EasyScan individually. Just click on the Condition in the EasyScan and there will be a Time Frame setting available for the Condition. So you would set the Time Frame fo the first Condition Formula to 1-minute and the Time Frame of the second Condition Formula to Daily.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Mysteron
Posted : Tuesday, May 7, 2013 11:14:51 AM
Registered User
Joined: 5/23/2010
Posts: 22

Excellent, thank you.

Bruce_L
Posted : Tuesday, May 7, 2013 11:15:16 AM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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