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Registered User
Joined: 9/2/2007
Posts: 2
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Hey guys,
I like to take trades where the price is bouncing off a moving average, mostly the 200 and 89 SMA's. Is there a PCF to find these? The price doesn't necessarily have to touch the MA but be very close to it. Any help will be greatly appreciated.
Brandon
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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A few questions:
1. How many days do you want the stock to be going up or down before it "bounces"
2. Mathmatically, how do you want to define "very close to it"? What makes once stock pass and another one fail this condition?
3. When do you want to find these stocks? Bounce today, yesterday, last week?
- Craig
Here to Help!
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You could try this:
L1<AVGC89.1ANDL>AVGC89
This says that yesterdays low was below yesterdays
89 SMA and today's low is above today's value.
If more detail is needed you will need to respond to
Craig's questions.
You may be interested in this:
Thanks
diceman
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Registered User
Joined: 11/19/2006
Posts: 1
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craig I have about the same question so maybe you can help both of us. I am looking for stocks bouncing off their moving averages. I didn't think I would be able to do this, so originally I was just trying to do a scan for stocks within 10% of its 40 day moving average and I couldn't get that to work. So if you can help this guy you can help me also and I do greatly appreciate the help.
Here is what I tried:
c < (XAVGC40 + (0.1 * XAVGC40)) AND c > (XAVGC40 - .1 * XAVGC40)
Basically I am trying to do the same thing that brandonG was asking, so to answer your questions I am looking for stocks that are bouncing off the 40 day MA yesterday, by bouncing I am thinking within 10% of the MA, and is now higher then the 40 day MA.
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