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Registered User
Joined: 8/21/2007
Posts: 58
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Hi,
I created the following PCF to Scan for stocks that have closed above the 52w high, but this doesn't seem to work as it didnt find a single stock.
C>MAXH251
Any suggestions on why?
nick
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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C can't be greater than MAXH251 because MAXH251 includes C. You may wish to try something like the following instead:
Price > Previous 251-Period High:
C > MAXH251.1
Price = Current 252-Period High:
C = MAXH252
Price > Previous 251-Period Max Close:
C > MAXC251.1
Price = Current 252-Period Close:
C = MAXC252
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/21/2007
Posts: 58
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Bruce,
This is very helpful, as I just recently got stuck trying to create a formula for volume. It was V<MINV5, I was looking for volume today should be smaller than the smallest volume in the last 5 days. But it didnt give me anything useful untill i started to add MIN5.1 at the end.
So how does the .X method work?
If I say V<MINV5.1 does this mean: Volume Today Must be Less than the Lowest Volume a) In the Last Five days?, or 2) In the Last Five Days Excluding Today, or 3) In the Last Five Days starting from Yesterday.
What if I put V<MINV5.5, What would that mean?
Thank you,
nick
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (nikolail) If I say V<MINV5.1 does this mean: Volume Today Must be Less than the Lowest Volume a) In the Last Five days?, or 2) In the Last Five Days Excluding Today, or 3) In the Last Five Days starting from Yesterday.
I would think three, although I would probably say, "Volume is less than the lowest Volume for the five days ending yesterday."
QUOTE (nikolail) What if I put V<MINV5.5, What would that mean?
Volume is less than the lowest Volume for the five days ending five days ago.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/21/2007
Posts: 58
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Good stuff Bruce,
Thanks!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/21/2007
Posts: 58
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Bruce,
Just out of curiosity, what strategies do you use when you trade?
I have spent a lot of time lately developing and testing different strategies and was curious as to what other people do. I guess next step for me would be to move into Blocks (proper testing) once I have got some grasp of what i'm doing.
nick
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The trainers can't give setting, interpretation or investment advice. As a result, we can't share our own strategies either.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/21/2007
Posts: 58
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No problem,
I was quite certain that would be your response.
I love this forum, it has a wealth of information. However it is easy to get lost in it. Would you at least be able to recommend some links that you have personally found most useful? I am focusing a lot on breakouts (ie the narrow range breakouts, (coiled spring method: eg candle with narrowest range in the last 7 bars, + low volatility etc). What links do you personally think would be useful for that kind of method?
Thank you,
Nick
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Registered User
Joined: 8/21/2007
Posts: 58
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Oh, another question while we'r at it
Is there an objective way to assess Relative Strength, instead of just having to look at the industry comparison line?
Thanks,
nick
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Have you plotted a relative strength line on your chart yet?
- Craig
Here to Help!
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Registered User
Joined: 8/21/2007
Posts: 58
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Hey Craig,
Yep, I just learnt about it a few days ago. I plotted it against INDUSTRY. But I don't know how to visually figure out if its a 'strong' share or not. I tried to muddle with beta as well, but i'm not sure if that links to Relative Strength.
Any suggestions?
nick
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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How do YOU define "relative strength"?
- Craig
Here to Help!
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Registered User
Joined: 8/21/2007
Posts: 58
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Hey Craig,
Sure, its the standard definintion:
A measure of price trend that indicates how a stock is performing relative to other stocks in its industry.
How do you define it Craig?
nick
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Based on your description, I think these videos may help:
Uncover the stocks driving the strongest industry groups
Use Comparison and Relative Strength graphs to compare a stock to the rest of its industry group
Industries With Consistent Performance over Specific Time Periods
Compare price trends and price performance using Comparison Symbol and $100 scale
Finding Consistent Out-Performers over the Last Year Plus
Sorting Stocks by their Absolute or Relative Performance
- Craig
Here to Help!
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Registered User
Joined: 8/21/2007
Posts: 58
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Hey Craig,
This is legendary,
Thanks!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You are very welcome.
- Craig
Here to Help!
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