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Registered User
Joined: 10/7/2004
Posts: 16
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Is there a way to scan for stock prices based on 1 year time frame, when the avg high price is at 90% of the high? And when the price is at 10% of the avg low. This should tell me when a stock price is ready to start down and form a new base or should tell me when the price hit a low and should start back up again. It would be great to have a 1 yr chart - line showing the 90% line of the avg high price and a line showing 10% of the low price line. This would show trends, trend reversals, when to watch to get in and when to tighten stops.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I don't quite understand...
Are you looking to compare the average closes for the past year to the highest high or lowest low fo the year? Are you looking to just compare price today to the 52-week high and low?
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 16
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Craig,
I am looking for the range of 90% of the time for the 52 week low price and the range of 90% of the time for the 52 week high price. Stocks that are trending upward for the 52 weeks. Stocks that have the last 3 quarters of increased earnings, stocks with a price growth of the stock price. Stocks that have pulled back in price and are ready to take off.
I currently use another software displaying this on a chart for easy visability and would like to consolidate this into TC Net for easy scans and PCF's.
Kash
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Try this for me.
Create the following EasyScans:
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price as a Percent of 52-week High (VALUE: 90 to MAX)
Price Growth Rate (LIST RANK: 80 to MAX)
EPS Percent Change Latest QTR (VALUE: 0 to MAX)
EPS Percent Change (2nd Q back) (VALUE: 0 to MAX)
EPS Percent Change (3rd Q back) (VALUE: 0 to MAX)
The other side as a another EasyScan:
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price as a Percent of 52-week High (VALUE: MIN to 10)
Price Growth Rate (LIST RANK: MIN to 20)
EPS Percent Change Latest QTR (VALUE: MIN to 0)
EPS Percent Change (2nd Q back) (VALUE: MIN to 0)
EPS Percent Change (3rd Q back) (VALUE: MIN to 0)
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Now for plotting them
Watch this short video:
Plotting Custom Indicators with Examples
Create one CI with the following settings
Use Price Scale (checked)
Formula: MAXH250*.9
for the other CI one
Use Price Scale (checked)
FOrmula: MINL250*1.1
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 16
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Craig,
Here are examples forthe past 12 months:
LSE @ $10.95
Price Grwoth -0.3%
Earnings Growth -89.4%
Currently near it's high of $11.04
CHK @ $31.69
Price Grwoth 65.1%
Earnings Growth 235%
Currently near it's 90% low of $30.40
NFI @ $32.30
Price Growth -27.3%
Earnings Growth 19.5%
Currently near it's high $32.19, possibly ready to change from it's downward trend.
PTF @ $22.70
Price Growth 46%
Earnings Growth 135.4%
Currently at it's high, ready for a pull back. Now I can tighten my stop so it can continue to run up, or get stopped out on the way back down before entering back in again.
Does this help?
Kash
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Have you built the scans and plotted the custom indicators Craig provided in the above two posts?
- Doug
Teaching Online!
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Registered User
Joined: 10/7/2004
Posts: 16
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Yes I have built the scan & plotted the custom indicators. None of which is working.
Should I use the 10 as the smoothing avg?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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We need to clarify then.
You want two lines drawn on the price chart. One will plot at 90% the value of the 52-week high, the other at 110% of the 52-week low. Correct? If so, than the indicators I gave above will work. Smoothing average is 1 for both and you have to check the USE PRICE SCALE OPTION.
If not, I need you to explain where you want these lines drawn.
After you created the EasyScans and looked at the charts what problems did you see? Can you share some tickers they found that are nowhere close to what you wanted?
- Craig
Here to Help!
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