| glitterbear |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Sunday, January 9, 2005 |
| Monday, June 25, 2007 11:47:58 AM |
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How can I start scanning for stocks completing ascending triangle patterns?
Thanks,
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Doug,
What I mean by a stage 1 is a stock that is bouncing/consolidating between support and resistance for a long time (more than two years). I am looking for a stock that has just recently broken out from such a trend like by 10% or less on heavy volume. A look at the chart of FORD from 2003 to 2005 shows the type of stock I am looking to scan for. It bounced between 2.00 and 3.50 for a long time until it broke out into new territory and then ran up to 30 within a few months. I am looking for stocks that are under 6.00 moving sideways/consolidating for more than three years and then breaking out into virgin territory. Can you help ? I tried using the PCF for consolidating 25 day by changing the 25 to a higher number like 400, but that didn't seem to work.
I would really appreciate your help.
Meg
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Thanks for your help. I am looking for stocks under 3.00 that have been in a stage 1 consolidation for three years and whose closing price has moved out of this consolidation by 5% or less. Does that clarify?
Thanks
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I have read Stan Weinstein's Making Money in Bull and Bear markets and I really want to use TC to scan for stocks that have been trading in a tight range for atleast three years. I am having trouble getting the setting correct. I am looking for stocks under 3.00 that have been trading in a tight range for atleast three years and are 5% above a new high. A stock like FORD from 2003 to 2005 is a good example of what I am looking for. Could you please advise about the formula I should use for this and also any tutorial I should watch to help me get these types of stocks?
Thanks,
Meg
Also, I have not used TC 2000 in about two months and I don't know if I still have the CD. What do I need to do to update my stock bank to current times?
Thanks again for your time.
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Craig,
How do I put the PCFs "60 day directional move" and "Trend/Consolidate 60 days" into the conditions list? When I click add new condition...they are not there.
Meg
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Hi, Craig,
I have realized that I have only been putting in the first formula...the one under "trend consolidate 60 days." So, I need to watch the video more slowly to figure out where to put the other formulas...
custom indicator, 60 day directional move, and the watchlist tab PCF.
Wish me luck!
Meg
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Thanks so much for the response. I tried finding stocks consolidating for 400 days by changing the 60 day formula to 400 and I retrieved lots of stocks....none of which were long time basers. I am not sure what I am doing incorrectly.
I am basically looking for stocks that have been basing for atleast two years and are making a new two year high, but are only slightly above that high.
Here is the formula I used.
(MAXH400 - MINL400) / ((AVGH400 - AVGL400) * 400) * 99
Thanks for your help.
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I am using the free trial and Iam interested in
becoming a full member, but I have not been successful
at writing the scans I want to run. Could you help me
write a formula for these scans? I am trying to implement the Stan Weinstein method referred to in his book,
Secrets for Profiting in Bull and Bear Markets.
Basing for past 2 years AND the stock has experienced increased
volume surge. STock is just barely moving out of base.
ALSO, I am interested in scanning for sector charts
containing the same chart pattern.Thank you in advance
for your time. 
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