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Corrected Earlier Post
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In simple words Bargain List is a Relative Strength plus Price/Sales based trading system.
Kirkpatrick Relative Strength
c/avgc126
Create this scan in PCF
Price to sales ratio is System criteria in Telechart. Look under "Price" below Price Percent Change Today
Capitalization is system criteria and is in billions (in the book it is 1 million but according to the author it was a typo and is actually 1 billion..
Easyscan for Kirrkpatrick Bargain List Entry Criteria
Kirkpatrick Relative Strength=>97 (list rank)
Price to Sales Ratio =>17 and = 1000 million (value)
Price>=10
Exit Rules for this system are
If Kirkpatrick Relative Strength rank =67
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In simple words Bargain List is a Relative Strength plus Price/Sales based trading system.
Kirkpatrick Relative Strength
c/c121
Create this scan in PCF
Price to sales ratio is System criteria in Telechart. Look under "Price" below Price Percent Change Today
Capitalization is system criteria and is in millions. So 1=1 million
Easyscan for Kirrkpatrick Bargain List Entry Criteria
Kirkpatrick Relative Strength=>97 (list rank)
Price to Sales Ratio =>17 and =<42 (list rank)
Capitalization=> 1 million (value)
Price>=10
Exit Rules for this system are
If Kirkpatrick Relative Strength rank =<52
Or
If Price to Sales Ratio Rank=<7
Or
If Price to Sales Ratio Rank =>67
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There is no harm in trying anything, but just building scans and changing parameters for sake of changing them will not necessarily give you the same results. The system is purposefully built to use the 260 days low. There is a very significant reason for that.
A scan without understanding thoroughly the basic assumptions and concepts behind the system and why they work is unlikely to lead anywhere. You can backtest the 260 days low based approach as against the one suggested by the earlier poster of using 260 day ago price, the suggestion will significantly under perform.
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I am the author of the blog mentioned in the above post and the Double Trouble trading system.. To understand the philosophy behind Double Trouble you need to see my lengthy discusion on "Significant Moves"
If you are trying to replicate the scans then you can try this:
(100 * ((C + .01) - ( MINC260 + .01)) / (MINC260 + .01))>=100 and c>=.75*maxc130 and ( 100 * (C - C1) / C1) >= 5 AND V >= 1000 AND V > V1)
However this will not give you stocks which have doubled in less than 260 days.
What I do is pull the data from TC Gold in to my own software using the Worden provided interface and crunch data in it.
To get the chart to show the yellow spike just add the same formula as indicator (% true) in the last panel and set your color to yellow.
To illustrate the concept I gave very simple rules but if you adjust the rules you will get better results.
Pradeep Bonde
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