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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » 5days Basing

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myway123
Posted : Friday, July 15, 2005 11:01:10 AM
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Joined: 10/7/2004
Posts: 35
 How can I write a formula that shows a stock that has been basing for 5 days then increases following last closing day with volume then increseing 1.255

mIKE
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Craig_S
Posted : Friday, July 15, 2005 11:08:49 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 I need you define this more for me. What makes a stock "basing" in your mind? Is the lastest close up from the recent close or up relative to the previous highs? I am not sure what you mean by this (can you elaborate more?):

QUOTE (Patience05)
with volume then increseing 1.255

- Craig
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myway123
Posted : Friday, July 15, 2005 11:31:23 AM
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Joined: 10/7/2004
Posts: 35
 the formula i want is having a stock flat for 5 days in a row, then its next closing days trade it increases above the last close price with closing volume 1.25%greater than the previously days close.
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Craig_S
Posted : Friday, July 15, 2005 11:43:09 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Here is a start:

Create these PCFs:

5-day range vs. 50-day range:

(MAXH5-MINL5)/(MAXH50-MINL50)*100

Volume Percent Change:
(V-V1)/V1*100

Now create an EasyScan with the following conditions and limits:

Price Percent Change Today
(Value 0 to MAX)

Volume Percent Change:
(Value 1.25 to MAX)

Sort the resulting WatchList in ASCENDING order by 5-day range vs. 50-day range

Here are some videos if you are not familiar with PCFs, EasyScan or Sorting

How to create a Personal Criteria Forumula (PCF)

Using EasyScan to find stocks that meet your own criteria

Create your own stock rankings using WatchLists and Sort conditions
- Craig
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Fcarp
Posted : Sunday, July 17, 2005 1:24:06 PM
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Joined: 5/20/2005
Posts: 30
 What settings do you do for each scans? value, rank, etc and how much for each?
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Craig_S
Posted : Sunday, July 17, 2005 3:12:49 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Under each condition above I say "VALUE" and the limit (0 to MAX),etc.
- Craig
Here to Help!
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