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Registered User
Joined: 8/7/2006
Posts: 14
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Please assisted me with a scan producing stocks that have just bounced off their 30-week weighted moving average on their weekly charts. The 30-week weighted moving average on their weekly charts should have just started uptrending when the bounce occurs.
thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm going to start by providing the formulas for the Current and Previous Week's 30-Week Weighted Moving Averages:
Current 30-Week Weighted Moving Average:
(30 * C + 29 * C5 + 28 * C10 + 27 * C15 + 26 * C20 + 25 * C25 + 24 * C30 + 23 * C35 + 22 * C40 + 21 * C45 + 20 * C50 + 19 * C55 + 18 * C60 + 17 * C65 + 16 * C70 + 15 * C75 + 14 * C80 + 13 * C85 + 12 * C90 + 11 * C95 + 10 * C100 + 9 * C105 + 8 * C110 + 7 * C115 + 6 * C120 + 5 * C125 + 4 * C130 + 3 * C135 + 2 * C140 + C145) / 465
Current 30-Week Weighted Moving Average:
(30 * C5 + 29 * C10 + 28 * C15 + 27 * C20 + 26 * C25 + 25 * C30 + 24 * C35 + 23 * C40 + 22 * C45 + 21 * C50 + 20 * C55 + 19 * C60 + 18 * C65 + 17 * C70 + 16 * C75 + 15 * C80 + 14 * C85 + 13 * C90 + 12 * C95 + 11 * C100 + 10 * C105 + 9 * C110 + 8 * C115 + 7 * C120 + 6 * C125 + 5 * C130 + 4 * C135 + 3 * C140 + 2 * C145 + C150) / 465
How do you define "just bounced off"? Does Price need to touch or go below the Moving Average or can it just approach? If it needs to touch or go below, how long can it stay there? If it can just approach, how close does it need to get?
How do you define "just started uptrending"?
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: 8/7/2006
Posts: 14
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Bruce,
I would like for Price to touch the 30 week weighted moving average on the weekly chart, then bounce during the next 5 trading days.
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