Registered User Joined: 11/23/2015 Posts: 13
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Hi Bruce.
I would like to have a PCF to search for stocks that are 5% higher tha their 52 week low.
I also want te same for stocks that are 5% above their 2 yr and 3 yr low.
Thanks in advance
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Registered User Joined: 4/30/2015 Posts: 197
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I AM NOT an expert and the only reason i am responding is so you can try this today over the weekend.
1st if you scan for this almost 95% of stocks are 5% higher than there 52 week low. So i assume you want to know when a stock has made a 52 week low and bounced 5% and be notified thru your scan
YOU can plot with PCF the following
MINL52 (on a weekly chart that is your 52 week low)
MINL52 * 1.05 (on a weekly chart that is your Low plus 5%)
you can scan for price cross up this plot (of course it will be there then entire week) if you want stocks that crossed Last week add PCF C1 and scan it crossing up the Line
MINL104 (2YEAR on weekly)
MINL156 (3 Year on weekly)
Hope this helps
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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As Aces4Me already said, the basic formulas are pretty much going to be true for most stocks. Using a weekly time frame:
C >= 1.05 * MINL52
For 2 years:
C >= 1.05 * MINL104
For 3 years:
C >= 1.05 * MINL156
If you want price to have also been at its low during say the most recent 4 weeks.
C >= 1.05 * MINL52 AND MINL4 = MINL52
For 2 years:
C >= 1.05 * MINL104 AND MINL4 = MINL104
For 3 years:
C >= 1.05 * MINL156 AND MINL4 = MINL156
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/23/2015 Posts: 13
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Thanks Guys.
I'll give those a try.
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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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