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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » PCF for three day low method

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NCStockGuy
Posted : Tuesday, December 8, 2009 8:59:32 PM
Registered User
Joined: 10/7/2004
Posts: 15
 I'm trying to make a PCF that follows a method posted by Larry Connors in SFO magazine. Criteria is ETFs that are above the 200 MA and today closes below its five day MA. Two days ago the high and low were below the previous day's high and low, yesterday the high and low were below the previous day's high and low.  Today's high and low are below yesterday's.
You then buy on the close and sell when the ETF moves back up above its five day MA.
Would like to test this out.  Would appreciate help with the PCF to put in a scan.
Thanks
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StockGuy
Posted : Tuesday, December 8, 2009 10:20:13 PM

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Joined: 9/30/2004
Posts: 9,187
 This PCF will find stocks that meet your entry criteria above. I assumed simple averaging, if you need exponential, just change AVGC200 to XAVGC200 and AVGC5 to XAVGC5.

C > AVGC200 and C < AVGC5 and H2 < H3 and L2 < L3 and H1 < H2 and L1 < L2 and H < H1 and L < L1

Ran this against the Exchange Traded Funds list tonight and the following ETFs passed:


AGQ Proshares Ultra Silver
BJK Market Vectors Gaming ETF
BNZ WisdomTree Dreyfus New Zealand Dollar Fund ETF
BWX SPDR Lehman International Treasury Bond Fund ETF
DAG DB Agriculture Double Long ETN
DBB PowerShares DB Base Metals Fund
DBP PowerShares DB Precious Metals Fund
DBS PowerShares DB Silver Fund
DFE WisdomTree Europe SmallCap Dividend Fund
DGL PowerShares DB Gold Fund
DGP DB Gold Double Long ETN
DIM WisdomTree International MidCap Dividend Fund
DOO WisdomTree International Dividend Top 100 Fund
DPU DB Commodity Long ETN
DRW WisdomTree International Real Estate Fund
DTH WisdomTree DIEFA High-Yielding Equity Fund
EPP iShares MSCI Pacific ex-Japan Index Fund ETF
ERO iPath EUR/USD Exchange Rate ETN
EU Wisdom Tree Dreyfus Euro ETF
EWA iShares MSCI Australia Index Fund ETF
EWG iShares MSCI Germany Index Fund ETF
EWK iShares MSCI Belgium Index Fund ETF
EWL iShares MSCI Switzerland Index Fund ETF
EWO iShares MSCI Austria Index Fund ETF
EXB Claymore Clear Global Exchanges Brokers & Asset Index ETF
EZU iShares MSCI EMU Index Fund ETF
FEZ Spdr Index Dj Euro Stoxx 50 Fd
FGD First Trust Dow Jones Global Select Dividend Index Fund ETF
FXA Rydex CurrencyShares Australian Dollar Trust ETF
FXE Rydex CurrencyShares Euro Trust ETF
FXF Rydex CurrencyShares Swiss Franc Trust ETF
FXS Rydex CurrencyShares Swedish Krona Trust ETF
GCC GreenHaven Continuous Commodity Index Fund ETF
GDX Market Vectors Gold Miners ETF
GLD SPDR Gold Trust
GWX SPDR S&P International Small Cap ETF
HHH HOLDRS Internet ETF
IAU iShares COMEX Gold Trust ETF
IBB iShares Nasdaq Biotechnology Index Fund ETF
ICN Wisdom Tree Dreyfus Indian Rupee ETF
IDV iShares Dow Jones EPAC Select Dividend Index Fund ETF
IGE iShares Goldman Sachs Natural Resources Index Fund ETF
IPN SPDR S&P International Industrial Sector ETF
IXG iShares S&P Global Financials Sector Index Fund ETF
JJP iPath Dow Jones-AIG Precious Metals Total Return Sub-Index ETN
LD iPath Dow Jones-AIG Lead Total Return Sub-Index ETN
MXI iShares S&P Global Materials Sector Index Fund ETF
PAF PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio ETF
PSAU PowerShares Global Gold & Precious Metals Portfolio ETF
PTM E-TRACS UBS Long Platinum ETN
PWB PowerShares Dynamic Large Cap Growth Portfolio ETF
PXF PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio ETF
PXI PowerShares Dynamic Energy Sector Portfolio ETF
RJA ELEMENTS Linked to the Rogers International Commodity Index - Agriculture Total Return ETN
RJI ELEMENTS Linked to the Rogers International Commodity Index - Total Return ETN
SCJ iShares MSCI Japan Small Cap Index Fund ETF
SGG iPath Dow Jones-AIG Sugar Total Return Sub-Index ETN
SLV iShares Silver Trust ETF
UAG E-Tracs UBS Blombrg CMCI Agriculture
UDN PowerShares DB US Dollar Bearish Fund ETF
UGL Proshares Ultra Gold
ULE ProShares Ultra Euro
USV E-Tracs UBS Blmbrg CMCI Silver
VEA Vanguard Europe Pacific Etf
WIP SPDR DB International Government Inflation-Protected Bond ETF
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diceman
Posted : Wednesday, December 9, 2009 12:33:28 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
You may also want to consider this.
It requires the close to be above the 5MAV 3 days ago and
the close to be beneath the 5MAV each day of the 3 day signal:
 
 
 
C>AVGC200ANDC<AVGC5ANDH2<H3ANDL2<L3ANDH1<H2ANDL1<L2ANDH<H1 ANDL<L1ANDC3>AVGC5.3ANDC1<AVGC5.1ANDC2<AVGC5.2
 
 
 
Thanks
diceman
 
 
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NCStockGuy
Posted : Wednesday, December 9, 2009 8:51:05 PM
Registered User
Joined: 10/7/2004
Posts: 15
 Thanks very much,  I will give them both a try using ETFs.  Appreciate the help.
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NCStockGuy
Posted : Saturday, December 12, 2009 7:02:18 PM
Registered User
Joined: 10/7/2004
Posts: 15
 Here is another PCF I would appreciate some help with. This is also based on a method by Larry Connors. 
In this one the ETF must be above its 200 day MA, and has dropped below its 5 day MA.
It has dropped four out of the last five days, so the closing prices were
lower than the day before for four out of the last 5 days.
On this one you then buy, and then exit when the ETF closes above its 5 day moving average.
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diceman
Posted : Sunday, December 13, 2009 3:06:35 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 Try this:

C > AVGC200 AND C < AVGC5 AND ABS(C < C1) + ABS(C1 < C2) + ABS(C2 < C3) + ABS(C3 < C4) + ABS(C4 < C5) >= 4 AND C5 > AVGC5.5 AND C4 < AVGC5.4 AND C3 < AVGC5.3 AND C2 < AVGC5.2 AND C1 < AVGC5.1

I just had 2 profitable trades off this. Buying EWA (3day) and XES(5 day)
and selling when they went above the 5mav.


Thanks
diceman
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NCStockGuy
Posted : Tuesday, December 15, 2009 8:57:50 PM
Registered User
Joined: 10/7/2004
Posts: 15
 Thanks, I'll give that PCF a try.
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