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Registered User Joined: 1/23/2013 Posts: 80
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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!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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
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Registered User Joined: 1/23/2013 Posts: 80
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Thank you Bruce, much appreciated!
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Registered User Joined: 1/23/2013 Posts: 80
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One more question Bruce, how would I add to the previous conditions the one which will detect stock making new low as well?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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
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Registered User Joined: 1/23/2013 Posts: 80
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I think that will do it Bruce, thank you!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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