Registered User Joined: 5/20/2005 Posts: 178
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Dear Trainers,
I created a pcf trying to find stocks that are in a downtrend and have gone up the past 7 days with lower volume comparing to the avg volume of the last 21 days before the 7 day rally. Can you tell me if I have written this pcf correctly
AVGV7<AVGV21.7
thanks,
james
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Registered User Joined: 1/28/2005 Posts: 6,049
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As long as youre aware that you are comparing a 7day avg with a 21 day avg seven bars ago.
If you want to use the same avg length you would do something like:
AVGV21<AVGV21.7
This asks that the 21avg today is less than the 21 avg 7 bars ago.
Also your PCF doesnt check price.
You may want to add:
AVGV21<AVGV21.7ANDC>C7
Thanks
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Registered User Joined: 5/20/2005 Posts: 178
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Thank you, Diceman
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