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joemcc572004
Posted : Thursday, October 1, 2015 6:58:35 PM
Registered User
Joined: 7/2/2009
Posts: 27

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

Bruce_L
Posted : Friday, October 2, 2015 10:05:16 AM


Worden Trainer

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

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
joemcc572004
Posted : Saturday, October 3, 2015 10:38:52 PM
Registered User
Joined: 7/2/2009
Posts: 27


Could there be a way to do it with the zig zag indicator?

Bruce_L
Posted : Monday, October 5, 2015 10:12:57 AM


Worden Trainer

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

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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