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FugitiveTrader
Posted : Tuesday, July 15, 2014 6:32:57 AM
Registered User
Joined: 1/23/2013
Posts: 80

Hi,

 

Is it possible to create a scan which will display stocks intraday (5min timeframe) which have:

 

1) Range of at least 20 cents within the last 30 mins

2) at least 3 red (close < open) candles  in a row 

 

and if so what would be the best way to do it?

 

Thank you!

Bruce_L
Posted : Tuesday, July 15, 2014 9:57:35 AM


Worden Trainer

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

A 5-Minute Condition Formula for this could be created as:

MAXH6 - MINL6 >= .2 AND C < O AND C1 < O1 AND C2 < O2

You would need to have TC2000 Platinum in order to use this condition as the shortest time frame which can be used for conditions in TC2000 Gold is Daily.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
FugitiveTrader
Posted : Tuesday, July 15, 2014 1:06:35 PM
Registered User
Joined: 1/23/2013
Posts: 80

Thank you Bruce, much appreciated!

FugitiveTrader
Posted : Tuesday, July 15, 2014 2:22:41 PM
Registered User
Joined: 1/23/2013
Posts: 80

One more question Bruce, how would I add to the previous conditions the one which will detect stock making new low as well?

Bruce_L
Posted : Tuesday, July 15, 2014 2:28:59 PM


Worden Trainer

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

I guess it depends on exactly how you want to define a "new low". The following adds the requirement that the low of the current candle be lower than the lows of any of the previous 5 candles (the period was chosen only because it lines up with the 30 minute check for at least a $0.20 range).

MAXH6 - MINL6 >= .2 AND C < O AND C1 < O1 AND C2 < O2 AND L < MINL5.1



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
FugitiveTrader
Posted : Tuesday, July 15, 2014 2:31:38 PM
Registered User
Joined: 1/23/2013
Posts: 80

I think that will do it Bruce, thank you!

Bruce_L
Posted : Tuesday, July 15, 2014 2:40:03 PM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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