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Pullback to 20SMA scan

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theboyplunger

Posted : Monday, October 13, 2014 8:06:31 AM

Registered User
Joined: 6/4/2013
Posts: 15

Hi Bruce,

Can you help me out with scan for stocks that are pulling back to the 20 SMA from above on the daily and are quite near it.

Thank you!

Bruce_L

Posted : Monday, October 13, 2014 10:12:29 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

It kind of depends on exactly what you mean. A Condition Formula for price being above the SMA20, but within 0.5% and moving down between the previous bar and current bar could be written as follows.

AVGC20 < C AND C <= 1.005 * AVGC20 AND C < C1 AND AVGC20.1 < C1

Altering the definitions used would require changing the formula.

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

theboyplunger

Posted : Tuesday, October 14, 2014 3:52:06 AM

Registered User
Joined: 6/4/2013
Posts: 15

Thank you very much Bruce, I will play a bit with it and tweak it.

Kind regards

Bruce_L

Posted : Tuesday, October 14, 2014 8:22:11 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles

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