hello, one more question I need help creating this condition:

50 day average volume greather than 1% of float

Add a Custom PCF Indicator with the following settings to the same pane and scale as a Latest Float fundamental indicator.

- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: 100 * AVGV50

Then click on the Custom PCF Indicator and select Create Scan Condition to create a condition for the Custom PCF Indicator being above Latest Float.

Plot historical fundamentals from Morningstar (7:00)
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How best to create this set of PCF's 1. A stock must have an ascending channel in which it is trading. 2. A stock's price must have retraced to the lower boundaries of that channel recently, 3. A stocks price must have stabilized into a trading channel within the longer ascending channel.  4. A stocks price must be breaking out of the stabilization channel with momentum. Boundaries could be BB 20,2           Thank you in advance!

This is going to be a bit convoluted, but I've broken down the problem into three components. The first and simplest component is just to test for the current price to be above the upper Bollinger Bands.

C > AVGC20 + 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20)

The second two parts involve creating Custom PCF % True Indicators. The first Custom PCF % True Indicator checks for the centerline of the Bollinger Bands to be increasing and the closing price to be inside the Bollinger Bands for at least 20 bars when the Custom PCF % True Indicator returns 100.

- Period: 20
- Average Type: Simple
- Formula: C1 > C21 AND ABS(C1 - AVGC20.1) <= 2 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 + C20 ^ 2 - 20 * AVGC20.1 ^ 2) / 20)

You would need to click on this Custom PCF % True Indicator and select Create Scan Condition to create a condition for the Custom PCF % True Indicator being greater than 99.99 to create this condition.

And the second Custom PCF % True Indicator checks for the low of at least one bar to be at or below the lower Bollinger Band at least once during the most recent 10 bars when the Custom PCF % True Indicator is greater than 0.

- Period: 10
- Average Type: Simple
- Formula: L1 <= AVGC20.1 - 2 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 + C20 ^ 2 - 20 * AVGC20.1 ^ 2) / 20)

You would need to click on this Custom PCF % True Indicator and select Create Scan Condition to create a condition for the Custom PCF % True Indicator being greater than 0.00 to create this condition.

You would then need to add all three conditions to the same EasyScan.

Note that you can adjust the periods of the two Custom PCF % True Indicators. Checking for at least 20 bars where price is inside an increasing channel is entirely arbitrary as is using 10 bars to check for price having retraced to the bottom of the channel.

Thank You!

You're welcome.