| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 5/12/2005
Posts: 19
|
Is it possible to construct a pcf that will enable us to scan for stocks that are in a trading range? By trading range I'm referring to stocks that have been trading within a specified price range for a period of time. Range is defined by either a flat percentage variance or price variance. I'd like to get a pcf that I could set the range either by a flat percentage or by price. And, the same for period of time, being able to specify in the pcf for the number of days the specified trading range is true be it set for percentage or price. I've been told that this is not possible in TC, but before totally abandoning this idea, I'd like to run this by Worden to see if they know of a way of writing a pcf to accomplish this. If it possible could you show an example of one for for a time range of 20 days and a price variance of 5% or less and one with a time range for 20 days and a price range of $5 dollars. Thanks
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I think this is what you are looking for: Scan for stocks bouncing in a lateral channel
- Craig
Here to Help!
|
|
Registered User
Joined: 5/12/2005
Posts: 19
|
Thanks Craig I beleive I can make some adjustments to the pcfs and accomplish what I'm after.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Great
- Craig
Here to Help!
|
|
Registered User
Joined: 10/7/2004
Posts: 7
|
As the scan is to be used as a predictive scan, is 60 days enough?
I would like to use this for a short term calendar spread buying, say a December and sell an October of the same strike price.
Thanks
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
BKBob
No one can answer this question.
(unless we have a crystal ball)
You are basically asking what the future holds.
What you may want to try. Make a few watchlists
of different lengths. See which lengths do the
best for your trading style.
Thanks
diceman
|
|
|
Guest-1 |