Registered User
Joined: 10/7/2004
Posts: 30
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Hi,
I tried using the following PCF to locate setups like the example in the graph below;
(XAVGC30.10 > XAVGC20.10) AND (XAVGC20.10 > AVGC10.10 ) AND (XAVGC30 < XAVGC20) AND (XAVGC20 < AVGC10 ) AND (C < MINC4.2)
This setup involves a short pullback after a change in trend following an extended price decline. The realignment of the 3 moving averages defines the change in trend.
The problem I am having is how to define the 'extended decline' ? Even if I pick a period of say, 50 days, how do I say the order of the 3 averages "(XAVGC30.10 > XAVGC20.10) AND (XAVGC20.10 > AVGC10.10 )" must have remained in that order for the 50 days upto 10 days ago ?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You could try counting the number of days the averages
were in the bearish mode.
See this:
http://forums.worden.com/Default.aspx?g=posts&t=25705
I would probably put a column in my watch list that
show the percent change from 10 days ago to 50 or 60
days ago.
Once you get your candidates.
You could sort them by the extent of the decline.
Thanks
diceman
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