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Help On A New Scan

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chepopr

Posted : Friday, February 8, 2008 9:35:17 PM

Registered User
Joined: 1/20/2007
Posts: 9

Good afternoon. I'm trying to setup a scan with the following parameters:

1. Price momentum crossing the 50DMA to the upside.
2. MACD crossing above 0.
3. Stochastics Oversold.
4. Strong Volume to the upside.

How can I setup this one in telechart?

Thanks for the help.

diceman

Posted : Sunday, February 10, 2008 1:50:04 AM

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Joined: 1/28/2005
Posts: 6,049

What would all your settings be?

Thanks
diceman

chepopr

Posted : Sunday, February 10, 2008 3:50:46 PM

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Joined: 1/20/2007
Posts: 9

Those mainly. Any other settings I might be needing?

diceman

Posted : Sunday, February 10, 2008 4:04:41 PM

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Joined: 1/28/2005
Posts: 6,049

You must define "strong volume".

(example: 2 times greater than average for

last 10 days)

Stoc lengths and smoothing?

MACD lengths and smoothing?

(histogram?)

(12,26,9?)

(exp or simple smoothing?)

Momentum length?

What level you consider "oversold"?

Thanks

diceman

chepopr

Posted : Sunday, February 10, 2008 5:58:14 PM

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Joined: 1/20/2007
Posts: 9

Strong Volme exactly... 2 times greater than average for the last 20 to 50 days.

Fast stochastics turning up from the 0 line.

MACD 12,60 crossing over EMA 9 at the 0 line

Overall, stock price crossing over it's 50 dma.

Oversold, I consider by Stochasticks closing to the 0 line.

Does that help?

Thanks!

Jose.

diceman

Posted : Monday, February 11, 2008 8:18:26 AM

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Joined: 1/28/2005
Posts: 6,049

What would be the length/period of the fast stochastic?

You want it to equal zero, then trigger the first day

it is positive?

For "price momentum" what is the period/length?

(I assume you are using something like rate of change?)

(or are you calling just price "price momentum"

Price crossing its 50 day moving average?)

Thanks

diceman

chepopr

Posted : Tuesday, February 12, 2008 12:08:14 AM

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Joined: 1/20/2007
Posts: 9

Stochastic is equal to 0 then trigger the first day it's positive.

Price momentum = crossing it's 50DMA.

Thanks!

Chepo.

diceman

Posted : Tuesday, February 12, 2008 8:17:23 AM

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Joined: 1/28/2005
Posts: 6,049

How many days are used to calculate the Stocastic?

Example:

Are you using a 5 period Stocastic?

A 14 period Stocastic?

Thanks

diceman

chepopr

Posted : Wednesday, February 13, 2008 12:19:31 AM

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Joined: 1/20/2007
Posts: 9

5 period Stochastic.

Thanks!

Chepo.

diceman

Posted : Wednesday, February 13, 2008 7:59:13 PM

Registered User
Joined: 1/28/2005
Posts: 6,049

1. Price momentum crossing the 50DMA to the upside
2. MACD crossing above 0.
3. Stochastics Oversold.
4. Strong Volume to the upside.

chepopr

Try these:
-----------------------------------------------------------------

C>AVGC50ANDC1<AVGC50.1

(close above the 50 simple today below yesterday)
------------------------------------------------------------------

(XAVGC12-XAVGC60)>(XAVG(XAVGC9,12)-XAVG(XAVGC60,9)) AND (XAVGC12.1-XAVGC60.1)<(XAVG(XAVGC9.1,12)-XAVG(XAVGC60.1,9))

(MACD histogram 12,60,9 above zero today below
yesterday)
--------------------------------------------------------------------------

STOC5.1.1=0ANDSTOC5.1>0

(5 day STOC equal zero yesterday and above today)
--------------------------------------------------------------------------

V>(2*AVGV20)

(volume greater than 2 time average volume for 20 days)
--------------------------------------------------------------

Realize that its very unlikely that all these will trigger
on the same day. You may want to consider these as parts
of scans and also custom or watchlist tab indicators.
If you use them in an easyscan keep an eye on the
stock count to see how many you are eliminating.