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easyscan for elder "impulse system" Rate this Topic:
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jfgunter
Posted : Friday, June 8, 2007 11:55:33 AM
Registered User
Joined: 12/2/2004
Posts: 29
I want to scan a list of preferred stocks for weekly change in "impulse" meaning change in both 13 wk EMA and MACD-H. Need to know when both have ticked up, and when both have ticked down.

I need a PCF to assess up or down movement in 13 wk. EMA and weekly MACD-H.

Perhaps indicate (in watchlist value +1 for up, 0 for no change, -1 for down.

I don't see how to do a PCF which looks at MACD-H. Would also appreciate help on how to implement EMA PCF.

Sorry, Im a long-time worden subscriber, but newbie to programming.

Thanx in advance.
Bruce_L
Posted : Friday, June 8, 2007 12:53:03 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You may wish to try creating something like the following as a Personal Criteria Formula (the MACD Histogram is 12,26,9):

SGN(C - .142996048056393 * (C5 + 6 / 7 * (C10 + 6 / 7 * (C15 + 6 / 7 * (C20 + 6 / 7 * (C25 + 6 / 7 * (C30 + 6 / 7 * (C35 + 6 / 7 * (C40 + 6 / 7 * (C45 + 6 / 7 * (C50 + 6 / 7 * (C55 + 6 / 7 * (C60 + 6 / 7 * (C65 + 6 / 7 * (C70 + 6 / 7 * (C75 + 6 / 7 * (C80 + 6 / 7 * (C85 + 6 / 7 * (C90 + 6 / 7 * (C95 + 6 / 7 * (C100 + 6 / 7 * (C105 + 6 / 7 * (C110 + 6 / 7 * (C115 + 6 / 7 * (C120 + 6 / 7 * (C125 + 6 / 7 * (C130 + 6 / 7 * (C135 + 6 / 7 * (C140 + 6 / 7 * (C145 + 6 / 7 * (C150 + 6 / 7 * (C155 + 6 / 7 * (C160 + 6 / 7 * (C165 + 6 / 7 * (C170 + 6 / 7 * (C175 + 6 / 7 * (C180 + 6 / 7 * (C185 + 6 / 7 * (C190 + 6 / 7 * (C195 + 6 / 7 * (C200 + 6 / 7 * (C205 + 6 / 7 * (C210 + 6 / 7 * (C215 + 6 / 7 * (C220 + 6 / 7 * (C225)))))))))))))))))))))))))))))))))))))))))))))) + SGN(119 * C + 117.797991844221 * (C5 + 11 / 13 * (C10 + 11 / 13 * (C15 + 11 / 13 * (C20 + 11 / 13 * (C25 + 11 / 13 * (C30 + 11 / 13 * (C35 + 11 / 13 * (C40 + 11 / 13 * (C45 + 11 / 13 * (C50 + 11 / 13 * (C55 + 11 / 13 * (C60 + 11 / 13 * (C65 + 11 / 13 * (C70 + 11 / 13 * (C75 + 11 / 13 * (C80 + 11 / 13 * (C85 + 11 / 13 * (C90 + 11 / 13 * (C95 + 11 / 13 * (C100 + 11 / 13 * (C105 + 11 / 13 * (C110 + 11 / 13 * (C115 + 11 / 13 * (C120 + 11 / 13 * (C125 + 11 / 13 * (C130 + 11 / 13 * (C135 + 11 / 13 * (C140 + 11 / 13 * (C145 + 11 / 13 * (C150 + 11 / 13 * (C155 + 11 / 13 * (C160 + 11 / 13 * (C165 + 11 / 13 * (C170 + 11 / 13 * (C175 + 11 / 13 * (C180 + 11 / 13 * (C185 + 11 / 13 * (C190 + 11 / 13 * (C195 + 11 / 13 * (C200 + 11 / 13 * (C205 + 11 / 13 * (C210)))))))))))))))))))))))))))))))))))))))))) - 4.81954488991197 * (C5 + 25 / 27 * (C10 + 25 / 27 * (C15 + 25 / 27 * (C20 + 25 / 27 * (C25 + 25 / 27 * (C30 + 25 / 27 * (C35 + 25 / 27 * (C40 + 25 / 27 * (C45 + 25 / 27 * (C50 + 25 / 27 * (C55 + 25 / 27 * (C60 + 25 / 27 * (C65 + 25 / 27 * (C70 + 25 / 27 * (C75 + 25 / 27 * (C80 + 25 / 27 * (C85 + 25 / 27 * (C90 + 25 / 27 * (C95 + 25 / 27 * (C100 + 25 / 27 * (C105 + 25 / 27 * (C110 + 25 / 27 * (C115 + 25 / 27 * (C120 + 25 / 27 * (C125 + 25 / 27 * (C130 + 25 / 27 * (C135 + 25 / 27 * (C140 + 25 / 27 * (C145 + 25 / 27 * (C150 + 25 / 27 * (C155 + 25 / 27 * (C160 + 25 / 27 * (C165 + 25 / 27 * (C170 + 25 / 27 * (C175 + 25 / 27 * (C180 + 25 / 27 * (C185 + 25 / 27 * (C190 + 25 / 27 * (C195 + 25 / 27 * (C200 + 25 / 27 * (C205 + 25 / 27 * (C210 + 25 / 27 * (C215 + 25 / 27 * (C220 + 25 / 27 * (C225 + 25 / 27 * (C230 + 25 / 27 * (C235 + 25 / 27 * (C240 + 25 / 27 * (C245 + 25 / 27 * (C250 + 25 / 27 * (C255 + 25 / 27 * (C260 + 25 / 27 * (C265 + 25 / 27 * (C270 + 25 / 27 * (C275 + 25 / 27 * (C280 + 25 / 27 * (C285 + 25 / 27 * (C290 + 25 / 27 * (C295 + 25 / 27 * (C300 + 25 / 27 * (C305 + 25 / 27 * (C310 + 25 / 27 * (C315 + 25 / 27 * (C320 + 25 / 27 * (C325 + 25 / 27 * (C330 + 25 / 27 * (C335 + 25 / 27 * (C340 + 25 / 27 * (C345 + 25 / 27 * (C350 + 25 / 27 * (C355 + 25 / 27 * (C360 + 25 / 27 * (C365 + 25 / 27 * (C370 + 25 / 27 * (C375 + 25 / 27 * (C380 + 25 / 27 * (C385 + 25 / 27 * (C390 + 25 / 27 * (C395 + 25 / 27 * (C400 + 25 / 27 * (C405 + 25 / 27 * (C410 + 25 / 27 * (C415 + 25 / 27 * (C420 + 25 / 27 * (C425 + 25 / 27 * (C430 + 25 / 27 * (C435 + 25 / 27 * (C440 + 25 / 27 * (C445 + 25 / 27 * (C450)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) - 163.962380476583 * (C5 + .8 * (C10 + .8 * (C15 + .8 * (C20 + .8 * (C25 + .8 * (C30 + .8 * (C35 + .8 * (C40 + .8 * (C45 + .8 * (C50 + .8 * (C55 + .8 * (C60 + .8 * (C65 + .8 * (C70 + .8 * (C75 + .8 * (C80 + .8 * (C85 + .8 * (C90 + .8 * (C95 + .8 * (C100 + .8 * (C105 + .8 * (C110 + .8 * (C115 + .8 * (C120 + .8 * (C125 + .8 * (C130 + .8 * (C135 + .8 * (C140 + .8 * (C145 + .8 * (C150 + .8 * (C155))))))))))))))))))))))))))))))))

It should return:

+2 Both are Up
-2 Both are Down

Anything in between would indicate contradictory or flat results. The PCF can be used as a Watchlist Column and/or EasyScan Condition. You may wish to review the following:

Customize the Information Displayed in the WatchList
Elder's Triple Screen #1 - Weekly Chart
Understanding MACD
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Handy PCF example formulas to help you learn the syntax of PCFs!
Cascades of Moving Averages
PCF for Elder Impulse System
Dr. Alexander Elder's "Elder-Ray"
Method for displaying Elder impulse system using Data bar
Blocks for Elder Ray
Learn how to use the forums: post a new topic, reply, Search existing topics

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
jfgunter
Posted : Friday, June 8, 2007 4:08:29 PM
Registered User
Joined: 12/2/2004
Posts: 29
Thanks, Bruce. Are you saying this formula alone, as a watchlist column, monitors BOTH change in MACD-H and in weekly EMA?
diceman
Posted : Saturday, June 9, 2007 12:16:09 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
jfgunter

Yes.

Each will equal 1 when up and -1 when down.

It sums both together.

(EMA direction )+(MACD direction)

So the result will be:

+2 when MACD and EMA move up
-2 when MACD and EMA move down

When not +2 or -2 . They are moving in different
directions.


Thanks
diceman
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