Registered User Joined: 7/2/2009 Posts: 27
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Hello,
I am a swing trader, and I was hoping to get some help creating a easy scan to scan the daily chart for stocks that have made higher swing highs, and a higher swing lows to identify an uptrend, and now after making a new swing high, it retraced down lower than its' previous swing low, and then went back up to break the high of the previous swing high.
Is there any way I can create a scan for this?
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No, there really isn't a way to do this in TC2000. We can get as far is identifying things like a higher swing high than the previous swing high.
NEW HIGH/NEW LOWS EASY SCAN CONDITION ?
But those formulas are complicated enough. Anything that would then want to follow up and look for retracements and breakthroughs through previous swing highs and swing lows used to identify a trend would be way too long and slow to be practical or post in the forums.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 7/2/2009 Posts: 27
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Could there be a way to do it with the zig zag indicator?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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TC2000 doesn't have a Zig Zag indicator. Even if it did, we would need a way to track previous points where the Zig Zag indicator changed direction (which we don't).
-Bruce Personal Criteria Formulas TC2000 Support Articles
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