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Registered User
Joined: 10/7/2004
Posts: 15
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My Telechart has an easyscan for stocks rallying from a short term bottom. I'd like to do one for stocks dropping from a short term top. I would then use this with a scan and charts for ten day MA crossing down through 30 Day MA on a Weekly chart.
Would appreciate some help with this.
Cheers,
NC
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Are you 10 and 30-day MAs simple or exponential?
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 15
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Craig I am using simple moving averages on these.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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NCStockGuy,
Let's start with the Personal Criteria Formula:
10-Week SMA xDown 30-Week SMA:
2 * (C + C5 + C10 + C15 + C20 + C25 + C30 + C35 + C40 + C45) < (C50 + C55 + C60 + C65 + C70 + C75 + C80 + C85 + C90 + C95 + C100 + C105 + C110 + C115 + C120 + C125 + C130 + C135 + C140 + C145) AND 2 * (C5 + C10 + C15 + C20 + C25 + C30 + C35 + C40 + C45 + C50) >= (C55 + C60 + C65 + C70 + C75 + C80 + C85 + C90 + C95 + C100 + C105 + C110 + C115 + C120 + C125 + C130 + C135 + C140 + C145 + C150)
Now let's look at the EasyScan you wish to modify:
Rallying from a Short-term Bottom:
- Watchlist: All Items in System
- Capitalization: Value: 63 to Max
- Price Growth Rate 1-Year: List Rank: 1 to 20
- Price Growth Rate 2-Year: List Rank: 1 to 20
- Price Per Share: Value: 0.69 to Max
- Price Percent Change 5-Day: List Rank: 50 to 99
- Volume (Dollars) 90-Day: List Rank: 50 to 99
- Price Percent Change 1 Month: List Rank: 50 to 99
Based on your requested requirements, we'll probably want to change the Watchlist to scan from All Items in System to All Stocks.
Capitalization, Price Per Share and Volume (Dollars) 90-Day appear to be a "My Universe" type conditions and should probably be left alone.
Price Groth Rate 1-Year and 2-Year appear to be identifying a long term downtrend and probably need to be reversed.
Price Percent Change 5-Day and Price Percent Change 1 Month appear to be designed to find a recent rally and need to be reversed.
stocks dropping from a short term top:
- Watchlist: All Stocks
- Capitalization: Value: 63 to Max
- Price Growth Rate 1-Year: List Rank: 80 to 99
- Price Growth Rate 2-Year: List Rank: 80 to 99
- Price Per Share: Value: 0.69 to Max
- Price Percent Change 5-Day: List Rank: 1 to 49
- Volume (Dollars) 90-Day: List Rank: 50 to 99
- Price Percent Change 1 Month: List Rank: 1 to 49
You may wish to review the following:
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!
Definitions of all built in scanning and sorting criteria
Moving Average PCF Templates
Things to check if your moving averages don't "seem right" or "seem to match"
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 15
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Thanks Bruce, that's what I needed. Works just fine. I am building a new watchlist from this scan.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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NCStockGuy,
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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