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Pullback is assumed with a short sharp 35% move over just a few days...I didn't want to box it in by requiring current price to be lower than that pivot high-thus the reason for allowing strong consolidation after the spike to take the price higher than the original spike with this part of the formula:
AND C < 1.15*MAXH2.1
Yes, I don't know how I missed that space after looking at it 10X...yikes! But much better scan now-only 19 showed up and several look good!
Thanks for your help with this...
Does V19 highlight any mistakes in PCF code before I embed it in a scan?
Hi-I'm getting all kinds of junk showing up in this scan that shouldn't be there (45 stocks...some under $2...etc-list below)
C > 2 AND C < 12 AND AVGV30 > 500 AND C < (1.15*MAXH2.1) AND MAXH 2.1 > MAXH2.4 AND MAXH2.1 > 1.35*MINL5.2
I either have a part of this formula out of kilter or I have some broken data...basically trying to scan for stocks between $2-$12 that in the last 1-5 days broke out for a 35% gain off of the lows and is in a pullback from that initial spike (though am allowing the following few days to consolidate in a bull flag up to about 15% greater than the original spike...
Many of these are not even close to filling the bill:
Is the ability to scan for OTC stocks unavailable in Version 7?
Bruce that worked great! Thanks for your help!
Stockguy-I would think that whereever the channel width falls based on a 5 MA based on highs and 5 MA based on lows-I guess I would want the natural width and not a deviation...
I'm using TC 2007 version and I don't see an option for setting that up in the indicator window: https://www.screencast.com/t/hJ2ZUpP87rB3
Are you referring to the web version 12?
I was unable to find an actual formula in the forum for a moving average channel of the highs and lows for a 5 SMA..
And there is apparently no way to do it in the indicator window..
Can someone please point me to a solution for this? Thanks
Yep 7 on the scan today-it worked...much appreciated!!
Thanks Bruce-I tried that-zero stocks came up-probably because the market cratered today...I'll try it again next week...thanks for your help!
Although I viewed the Rate of Change threads I didn't see how to actually write one that would do this:
-After for example 25 bars below the 11 MA it crosses on current bar:
Thanks for any help!