Registered User Joined: 10/7/2004 Posts: 50
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I tried to create an easy scan that would alert me on an end of day basis about a stock thats resting on an 8 day exponential avg after a previous move up basically creating a flag or pennant. I would love some help on this .
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Are you just asking for the entire previous bar to be above the average with the current bar intersecting the average?
L <= XAVGC8 AND XAVGC8 <= H AND XAVGC8.1 < L1
If not, what other requirements do you to use to identify the previous move up and flag or pennant?
PCF Formula Descriptions
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