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Registered User
Joined: 11/12/2007
Posts: 5
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In S and C magazine they put the following criteria for flat base breakouts that led to huge gains.
Please help if anyone knows how.
Thank you so much. I joined yesterday and I really appreciate the help.
Copied verbatim from January 2006 page 47
"For the last market close, Nasdaq stocks with:
Daily close for today is greater than maximum close over 60 days, starting yesterday
Daily close for today is less than 50 days
Daily close for today is greater than daily open for today
Daily close for today is greater than or equal to 2
63 day exponential moving average of volume for yesterday is less than or equal to 500,000
Daily close for today is greater than the daily close for yesterday
Daily volume for today is greater than or equal to minimum volume over 60 days (starting today) multiplied by 5 and
Daily volume for today is greater than or equal to daily volume for yesterday, multiplied by 3.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please start by creating the following Personal Criteria Formula:
C > MAXC60.1 AND C > O AND C >= 2 AND XAVGV63.1 <= 5000 AND V >= MINV60 * 5 AND V > V1 *3
It does not include the "Daily close for today is less than 50 days" as this would seem to be a direct contradiction of the first condition.
You will wish to create an EasyScan using the PCF as an EasyScan Condition along with the built in Exchange Criteria set for Nasdaq (add the Exchange Criteria first). 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
Definitions of all built in scanning and sorting criteria
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 11/12/2007
Posts: 5
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Bruce
Thank you very much.
The part of "daily close today is less than 50 days" made no sense to me -it must have been a typo in the magazine.
I appreciate your help.
Chance
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Registered User
Joined: 10/7/2004
Posts: 2
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Another article about this system indicates that the second conditon should read "daily close of less than 50 dollars", not days. They are basically looking for a closing price of between $2 and $50.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You can add:
(to Bruce's PCF)
AND C<= 50
------------------------------------
(the C >= 2 is already there)
Thanks
diceman
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Registered User
Joined: 1/12/2007
Posts: 23
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I entered the PCF* as advised, but when I run the scan, there are no values in the "Sort Value" column. Any suggestions?
Les
*C > MAXC60.1 AND C > O AND C >= 2 AND XAVGV63.1 <= 5000 AND V >= MINV60 * 5 AND V > V1 *3
(Per Bruce L Posted : Monday, December 03, 2007 4:14:03 PM )
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Registered User
Joined: 10/7/2004
Posts: 2
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I tried it as well and TCNet didn't like XAVGV63.1 in the pcf. Actually a pcf containing XAVGC63, XAVGV63 and XAVGH63 didn't work either. 61 or 62 period exponential averages worked for me as did 63 period simple, but something about the exponential 63 period returns a "not enough data to calculate" message when testing the pcf. That was with MSFT as the test symbol, so the data is there.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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lescohn and Islander3,
My only suggestion would be to verify that Include criteria which require more than 250 days of history (slower) is checked under Databank | Personal Criteria Formulas. The Market Days Needed to Calculate Criterion for XAVGV63.1 should be 317.
If this does not resolve the issue, please contact technical support.
All e-mail communication sent to support@worden.com during business hours (Monday through Friday 9AM-11PM and Saturday and Sunday 9AM-3PM ET) should be answered within 20 minutes of arrival.
For an even quicker response to tech support questions, we recommend calling our voice line at (919) 408-0542 (there is no phone support on Sundays, some Market Holidays or after 9PM ET on weekdays).
You can also contact us using Live Chat Support during business hours.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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