Registered User
Joined: 10/19/2006
Posts: 18
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Hello, I consider myself fairly novice with Telechart and I am looking to incorporate the following characteristics into 1 scan:
Uptrend for the last 30 days
Low volume for the stock over the past 2-3 days
Decrease in price by 2-5% over the past 3 days
Price of stock approaching 10 moving average
Optionable Stocks
What would be the best way to incorporate these criteria
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (moychris) Uptrend for the last 30 days
How do you want to define uptrend? Something simple like a positive 30-Period Linear Regression Slope with a positive Net Change over the same Period may or may not fit your specific requirements:
(29 * C - C29) + 27 * (C1 - C28) + 25 * (C2 - C27) + 23 * (C3 - C26) + 21 * (C4 - C25) + 19 * (C5 - C24) + 17 * (C6 - C23) + 15 * (C7 - C22) + 13 * (C8 - C21) + 11 * (C9 - C20) + 9 * (C10 - C19) + 7 * (C11 - C18) + 5 * (C12 - C17) + 3 * (C13 - C15) + C14 - C15 > 0 AND C > C29
QUOTE (moychris) Low volume for the stock over the past 2-3 days
How do you want to define Low Volume? Low Volume compared to what? Comparing the current 3-Period Simple Moving Average of Volume to the 90-Period Simple Moving Average of Volume to the period before that may or may not fit your specific requirements:
AVGV3 < AVGV90.3
QUOTE (moychris) Decrease in price by 2-5% over the past 3 days
.95 * C3 <= C AND C <= .97 * C3
QUOTE (moychris) Price of stock approaching 10 moving average
Simple:
ABS(C - AVGC10) < ABS(C1 - AVGC10.1) AND SGN(C - AVGC10) = SGN(C1 - AVGC10.1)
Exponential:
ABS(C - XAVGC10) < ABS(C1 - XAVGC10.1) AND SGN(C - XAVGC10) = SGN(C1 - XAVGC10.1)
QUOTE (moychris) Optionable Stocks
Just use the built in Optionable Stocks Fundamental System Criteria as an EasyScan Condition.
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
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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