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PiersP
Posted : Tuesday, July 14, 2015 7:35:31 AM
Registered User
Joined: 5/28/2009
Posts: 39

Hi...I want to scan for stocks that have been trending up in an orderly fashion over the last 6 months.

I want to avoid stocks that have gapped up massivly and just moved sideways since...or stocks that make large moves up and down.

A good example of what I am looking for is HTLF. If you plot a 150 day linear regression line you can see how closely price has stuck to this line...it's been a fast but orderly ascent.

Is such a scan possible?

Many thanks!

busterram
Posted : Tuesday, July 14, 2015 9:32:09 AM
Registered User
Joined: 10/9/2011
Posts: 485

There has been lot of discussion in this forum for defiing uptrends and associated forumulas.

You may want to search for the same to get more ideas.

Bruce_L
Posted : Tuesday, July 14, 2015 10:41:19 AM


Worden Trainer

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

Ideally based on your description we would subtract the actual price at each bar from the value of the linear regression at each bar.

We would either take the absolute value of the difference at each point and average them or we would square the difference at each point and add them together before take a square root of the total.

We'd then probably need to express this as a percentage of price or something to make comparisons between symbols make sense.

But implementing that particular algorithm in Personal Criteria Formula in TC2000 would result in a formula which is way too long and slow to be practical or post in the forums.



-Bruce
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