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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Easy scan off of PCF

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hawesdj
Posted : Thursday, September 11, 2008 4:33:03 PM
Registered User
Joined: 9/9/2008
Posts: 10
 I have created a pcf, tested it with no syntax error, updated everything and I go to sort all stocks with the scan and it comes up with all 7000 stocks. I was wondering what i am missing in my operation
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Bruce_L
Posted : Thursday, September 11, 2008 4:37:59 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:

If you are new to TeleChart READ THIS FIRST!

An EasyScan is a type of Watchlist that is limited to symbols meeting its Conditions. It doesn't filter or sort another Watchlist (except arguably the Watchlist to Scan upon which the EasyScan is based), it is a filtered Watchlist.

Using EasyScan to find stocks that meet your own criteria

You can use an EasyScan with the Sublist feature to return a list of symbols that are on both the EasyScan and the Active Watchlist.

Techniques for using the Sublist feature

You can use the Personal Criteria Formula (or a System Criteria) upon which your EasyScan is based to sort the Watchlist.

Create your own stock rankings using WatchLists and Sort conditions
How to create a Personal Criteria Forumula (PCF)
Definitions of all built in scanning and sorting criteria
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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hawesdj
Posted : Thursday, September 11, 2008 4:50:33 PM
Registered User
Joined: 9/9/2008
Posts: 10
 I went to the easy scans to find stocks that fit your criteria and that is what I did. I created a watchlist of just "All stocks" and then under that pu the condition of the pcf I created. So when I go to see what it sorted out it shows 4k stocks, sorry I was wrong last time, and yet it includes stocks that are under $10 or over $200...two criteria I specifically set...Here is my syntax
C >= 10 AND C <= 200 
AVGV50 >= 1000000 
AVGC35 > AVGC35.1 
AVGC35.10 > AVGC35.11 
XAVGC7 > XAVGC7.3 
L < L2 
STOC8.3 < 75 AND STOC8.3 < STOC8.3.1 
MAXH65 - MINL65 > 10 OR (MAXH65 - MINL65) / C > 0.30
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Bruce_L
Posted : Thursday, September 11, 2008 4:58:59 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 I suspect there are two issues with your Personal Criteria Formula.

The first is that Volume in TeleChart is reported in blocks of 100 shares. I suspect you want the Average Volume to be at least one million shares instead of the one hundred million shares in your version (although I could certainly be wrong on this point).

The second issue is that there are a bunch of missing AND statements. You need to generally connect various Boolean (True or False) PCF components in a PCF using either AND or OR. Without these types of statements, TeleChart doesn't know how they are supposed to interact with each other. Please try the following instead:

C >= 10 AND C <= 200 AND AVGV50 >= 10000 AND AVGC35 > AVGC35.1 AND AVGC35.10 > AVGC35.11 AND XAVGC7 > XAVGC7.3 AND L < L2 AND STOC8.3 < 75 AND STOC8.3 < STOC8.3.1 AND (MAXH65 - MINL65 > 10 OR (MAXH65 - MINL65) / C > .30)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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hawesdj
Posted : Thursday, September 11, 2008 5:04:17 PM
Registered User
Joined: 9/9/2008
Posts: 10
 Im sorry I did not realize a pcf couldnt have all the crieria in it on one
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StockGuy
Posted : Thursday, September 11, 2008 5:07:41 PM

Administration

Joined: 9/30/2004
Posts: 9,187
QUOTE (hawesdj)
Im sorry I did not realize a pcf couldnt have all the crieria in it on one


It can if you join them with AND like Bruce indicated above.
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