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Registered User
Joined: 6/5/2006
Posts: 39
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Hi,
Is it possible for Telechart to scan for stocks that meet criterea defined on an intraday basis. If so, I would like to create a scan for trade candidates that finds stocks where:
20 bar simple moving average trending up
price trending up
200 bar simple moving average under 20 day simple moving average
in addition I would like to create a scan that reverses the above criterea.
20 bar simple moving average trending down
price trending down
200 bar simple moving average above 20 day simple moving average.
I would like to scan for five minute price bars.
Thank you very much for your help.
Best Regards,
Brian Bernstein
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Personal Criteria Formulas and EasyScans are based on twenty minute delayed daily data. It is possible to use a Custom Percent True Indicator along with Real Time Indicator based on a 5-Minute Time Frame for this, but it will be limited to the top 200 symbols in the Watchlist.
You would need to objectively define "trending up" for us to help you write a Boolean Formula for this if you decide the basic technique would meet your needs (it uses sorting, not a filter or EasyScan). You may wish to review the following:
Visually Backtesting Specific Symbols
Real time indicator sorting (available at the Platinum level)
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 6/5/2006
Posts: 39
|
Hi,
Thank you so much for your reply. Due to the fact that it isn't possible to run scans on five minute bars I have reconsidered my approach. I would now like to create the following four scans.
1. Stock=Optionable
2. stock price >= 10$
3. avg. 50 day vol >= 1 million shares
The above criterea are for all scans, long and short
Variation 1:
1.price > 20 sma
2.price > 50 sma
3.20 > 50 sma
4. macd 2,21,5 > 0
5. Price trending up 3 days(price today higher than yesterday, yesterday higher than two days ago)
short variation 1:
1.price < 20 sma
2.price < 50 sma
3. 20 < 50 sma
4. macd 2,21,5 < 0
5. Price trending down 3 days(opposite of above definition of trending up)
Variation 2:
macd crossing above zero line
Short Variation 2:
macd crossing below zero line
If you can help me to create these scans I would greatly apreceate it.
Best Regards,
Brian Bernstein
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
QUOTE (brianhbernstein) 1. Stock=Optionable
You will just need to use the built in Optionable Stocks System Criteria as an EasyScan Condition.
Definitions of all built in scanning and sorting criteria
Using EasyScan to find stocks that meet your own criteria
QUOTE (brianhbernstein) 2. stock price >= 10$
3. avg. 50 day vol >= 1 million shares
Variation 1:
1.price > 20 sma
2.price > 50 sma
3.20 > 50 sma
4. macd 2,21,5 > 0
5. Price trending up 3 days(price today higher than yesterday, yesterday higher than two days ago)
Please try adding using the following Personal Criteria Formula as an EasyScan Condition.
C > 50 AND AVGV50 >= 10000 AND C > AVGC20 AND AVGC20 > AVGC50 AND XAVGC2 - XAVGC21 - XAVG(XAVGC2,5) + XAVG(XAVGC21,5) > 0 AND C > C1 AND C1 > C2
How to create a Personal Criteria Forumula (PCF)
Understanding MACD
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
QUOTE (brianhbernstein) short variation 1:
1.price < 20 sma
2.price < 50 sma
3. 20 < 50 sma
4. macd 2,21,5 < 0
Please try adding using the following Personal Criteria Formula as an EasyScan Condition.
C > 50 AND AVGV50 >= 10000 AND C < AVGC20 AND AVGC20 < AVGC50 AND XAVGC2 - XAVGC21 - XAVG(XAVGC2,5) + XAVG(XAVGC21,5) < 0 AND C < C1 AND C1 < C2
QUOTE (brianhbernstein) Variation 2:
macd crossing above zero line
Please try adding using the following Personal Criteria Formula as an EasyScan Condition.
C > 50 AND AVGV50 >= 10000 AND C > AVGC20 AND AVGC20 > AVGC50 AND XAVGC2 - XAVGC21 - XAVG(XAVGC2,5) + XAVG(XAVGC21,5) > 0 AND XAVGC2.1 - XAVGC21.1 - XAVG(XAVGC2.1,5) + XAVG(XAVGC21.1,5) <= 0 AND C > C1 AND C1 > C2
QUOTE (brianhbernstein) Short Variation 2:
macd crossing below zero line
Please try adding using the following Personal Criteria Formula as an EasyScan Condition.
C > 50 AND AVGV50 >= 10000 AND C < AVGC20 AND AVGC20 < AVGC50 AND XAVGC2 - XAVGC21 - XAVG(XAVGC2,5) + XAVG(XAVGC21,5) < 0 AND XAVGC2.1 - XAVGC21.1 - XAVG(XAVGC2.1,5) + XAVG(XAVGC21.1,5) >= 0 AND C < C1 AND C1 < C2
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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