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Registered User
Joined: 10/7/2004
Posts: 5
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I need to set up an easy scan that gives me only stocks whose 50day SMA is parallel to its 200 day SMA. Can I get help with how to create?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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For how long?
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 5
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Craig, for say the last 12 months.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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So for the last twelve months they both have been running sideways?
Can they cross each other during this time?
(this is a very long period, BTW)
Should one be above the other?
Can you give me an example ticker to reference where this happened?
In order for both to consolidate (vs trend) for a year you are looking for one heck of a long consoldidation period. If the 50 is above the 200 then the stock must be in a very shallow uptrend for this time. If the 200 is above the stock has to be in a steady but shallow downtrend for well over a year...
Let me know.
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 5
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UPL is an example. I should modify my request to read 50day SMA continuosly above the 200 day for the last 12months. These stocks should be trending (no long term consolidation). Definitly the usual retracement or short term consolidation will occur which will narrow the destance betweem 50 and 200 from time to time. But in these scan, the PCF should bring up only stocks whose trend remains strong enough not to allow the 50 to violate the 200.
My final objective is to scan stocks with above 75% institutional ownership, trending as above, and use candle sticks ( engulfing white or hammer head to go in, while using short term 20/40 days RSMA to go in and out.
I trade only options and will come back with another post on 1% rule latter.
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Gotcha...
So they only need their 50 to be above the 200 for a whole year... not actually parallel to each other.
You could do it the long way:
AVGC50>AVGC200 AND
AVGC50.1>AVGC200.1 AND
AVGC50.2>AVGC200.2 AND
[continue the pattern until you get to]
AVGC50.248>AVGC200.248 AND
AVGC50.249>AVGC200.249
I would be more tempted to create a PCF that "spot checked" for the two and you can visually dismiss any that slip in if need be:
I would use this:
AVGC50>AVGC200 AND AVGC50.50>AVGC200.50 AND AVGC50.75>AVGC200.75 AND AVGC50.100>AVGC200.100 AND AVGC50.150>AVGC200.150 AND AVGC50.200>AVGC200.200 AND AVGC50.249>AVGC200.249
Whichever you would like to do....
- Craig
Here to Help!
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Registered User
Joined: 10/3/2005
Posts: 49
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What should i sort this easy scan by. thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You can sort it by anything you like. Sorting only changes the order of the stocks, it does not change the results of the EasyScan.
- Craig
Here to Help!
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