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gllawson
Posted : Saturday, December 14, 2013 1:15:53 AM
Registered User
Joined: 3/18/2010
Posts: 35

In the Dec 2013 TASC under Trader Tips there's reference to writing a scan for 1) price exceeding the 5 period moving average of daily high by 5 ticks and 2) price prior to the break of the upper moving average has closed above the 50 day EMA.  Can you explain how to write it?

johnthurrell
Posted : Saturday, December 14, 2013 6:46:04 PM
Registered User
Joined: 8/1/2011
Posts: 4

Yes I would like to know as well

Bruce_L
Posted : Monday, December 16, 2013 10:20:32 AM


Worden Trainer

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

If I'm understanding the requirements correctly, a Condition Formula for this could be written as:

C >= AVGH5 + .05 AND C1 > XAVGC50.1

This just checks for the current price to be at least .05 above the 5-period simple moving average of the high and the previous price to have been above the 50-period exponential moving average of the close.

If price needs to have been below AVGH5 + .05 during the previous bar:

C >= AVGH5 + .05 AND C1 < AVGH5.1 + .05 AND C1 > XAVGC50.1

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



-Bruce
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