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Registered User
Joined: 10/7/2004
Posts: 17
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I would like to create one or more PCF's that I can use to scan intraday stock lists for gaps and high volatility. I would run the scans at various times throughout the day. Can you help me with this?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Try these PCF. I would update during the day then sort any WatchList by each of them in descending and look at the stocks at the top of the list (looking at a daily chart).
PCF #1 "Gap"
((H<L1)*(100*ABS(H-L1)/L1))+((H1<L)*(100*ABS(L-H1)/H1))
PCF#2 "Range Surge"
100*(H-L)/(AVGH21.1-AVGL21.1)
PCF#3 "Total Move"
100*((H-O) + (H-L) + (C-L))/L
Try all three and let me know what you think about the stocks that sort to the top of your WatchLists.
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 17
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Hello Craig,
Thanks for the prompt reply. These PCF's appear to calculate based upon daily moves. If that's the case, in order to to get intraday information, I would need to compare changes to the top stocks in the list as I run scans throughout the day. Correct?
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Registered User
Joined: 10/7/2004
Posts: 17
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Can you please describe the "Total Move" PCF for me in English? It appears to be providing me with interesting picks and I'd like to know what it's doing.
Thanks,
Al
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The PCFs will be based on daily data. You can use them to find stocks having intraday volatility and then use intraday charts to look at the ones you find.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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PCF#3 "Total Move"
100*((H-O) + (H-L) + (C-L))/L
H=High Today
L=Low Today
C=Close Today
O=Open Today
It takes the total sum of the move from the open to the high, the high to the low and the low to the close then gives you this sum as a percent of the daily low (so you can compare across stocks of different price per shares.)
It basically looks for the distance covered by the stock since the open as a percent of the value of the low.
Does that help?
- Craig
Here to Help!
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