Registered User
Joined: 12/15/2004
Posts: 81
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hOW WOULD i CREAT A pcf FOR A 1,2,3 FORMATION.
high and low, or is this something I would have to contract for.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here is how I would find a 1-2-3 Low (formed in the last 10 days):
Create the following PCFs:
Recent New Low
MINL10<MINL125.10
Recent Bounce
MAXL4.3>MINH10
Low Test
H>H1 AND L>L1 AND L1<L2 AND L2<L3 AND L3<L4
Once you create all three, add them to any EasyScan along with Price Percent Change 26-weeks set to VALUES below zero.
Here is how I would find a 1-2-3 High(formed in the last 10 days):
Create the following PCFs:
Recent New High
MAXH10>MAXH125.10
Recent Bounce
MINH4.3<MAXLH10
High Test
L<L1 AND H<H1 AND H1>H2 AND H2>H3 AND H3>H4
Once you create all three, add them to any EasyScan along with Price Percent Change 26-weeks set to VALUES above zero.
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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AWESOME !
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Let me know what you think...
I can change the time frames as needed.
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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OK...I AM GOING TO WORK ON IT TOMORROW...
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 Platinum Customer
Joined: 3/29/2005
Posts: 16
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Craig, This is what I was looking for,from my previous concerning price formations.Could you give me the code for a 5-day period?
Thanks alot!!
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Registered User
Joined: 12/15/2004
Posts: 81
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123 formulas
It does not like the days,,
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I am not sure what "it does not like the days" means...
Here are my 5-period versions:
Recent New Low
MINL5<MINL125.5
Recent Bounce
MAXL3.1>MINH5
Low Test
H>H1 AND L>L1 AND L1<L2 AND L2<L3
Once you create all three, add them to any EasyScan along with Price Percent Change 26-weeks or Price Percent change 1-month set to VALUES below zero.
Here is how I would find a 1-2-3 High(formed in the last 10 days):
Create the following PCFs:
Recent New High
MAXH5>MAXH125.5
Recent Bounce
MINH3.1<MAXL5
High Test
L<L1 AND H<H1 AND H1>H2 AND H2>H3
Once you create all three, add them to any EasyScan along with Price Percent Change 26-weeks or Price Percent change 1-month set to VALUES above zero.
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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MINL5<MINL125.5
when I rest it says market days need to calciulate 131
I think I am going to have to go through 2583 tickers,
and find potential 123 paterns
Thanks for you help ( 2000 to go )
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Platinum Customer
Joined: 3/29/2005
Posts: 16
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Craig, I copied and pasted, the 123 low pcf works fine,but I get a syntax error on the
MINH3.1<MAXLH5 part of the 123 high pcf ????
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Registered User
Joined: 12/15/2004
Posts: 81
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when I do that it says " make days to calculate
criterion 4
????
That is for the low
H>H1 AND L>L1 AND L1<L2 AND L2<L3
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I fixed the syntax error in that formula.
When you create these EasyScans be sure to include other conditions like Price Per Share and Volume. You should find a lot less than 2000 tickers. Feel free to decrease the range on the Price Percent Change conditions. I am sure only being up or down 1 or 5% in 6-months is likely not enough to constitute a trend.
You are using all three conditions for each of these EasyScans, right?
Be sure to also sort the resulting WatchList. Sort by Price Growth Rate 1-yr or Price Percent Change 1-month in the direction that fits the desired trend.
I don't understand what you are asking in this post:
QUOTE when I do that it says " make days to calculate
criterion 4
????
That is for the low
H>H1 AND L>L1 AND L1<L2 AND L2<L3
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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No Craig, I am not....
I am an Future trading, option buying, chart reading
guy, not a pcf guy, it is greek to me.....
I have no clue how to wite it, I just put in what you said to find a 1 2 3 move
Thanks for your help..the 2000 is all the optionable stocks ( 2584 ) I have to go theough since I cannot figure out the PCF for the whole thing...
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Have you watched this video?
How to create a Personal Criteria Forumula (PCF)
What questions do you have after watching it?
There is no reason to look through thousands of stocks when we can narrow the field. I want to save you hours of time. You don't have to be a PCF guy, you only have to learn how to copy what I give you and put it in your system.
Above I gave you three PCFs for high and three for lows. Create all six of these PCFs. You can then put them into an EasyScan to find the patterns.
Take a deep breath and trust me, if you are smart enough to read charts and understand the futures market, this is going to be a cake walk. I will help you along each step.
If you are not sure how to create the EasyScans following my instructions in my first reply, watch how an EasyScan is built in this video:
Using EasyScan to find stocks that meet your own criteria
You will build your 123 EasyScan the same way except you will use the conditions I gave you.
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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Craig, I will watch again a littler closer, either way, you guys have the best and most awesome software amd the most awesome support.
I like to see the pattern develop over 6-9 months, watching it pass through its last support or trsistance area.
Then I price the option by probability of hiyying and probability of ending worthless, and ;oke stocks price and potential profit is a consideration. Of coutse volume with options is a biggie as I am a medium term trader.
So I am not as smart as you think as computers help a lot.
Thanks so much for your help, you have been terrific.
Steve
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I appreaciate your patience as you learn these tools.
- Craig
Here to Help!
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Registered User
Joined: 12/15/2004
Posts: 81
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Hi Craig,
I watch the videos, re-read your message, put in the PCF and it worked...WATCH THE VIDEO ! WOW
WHAT A CONCEPT, DUH ! I guess I am just a hard headed guy.....
Thanks again for your help and I say again...
Best Software...Best Support
Steve
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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*wipes brow*
Glad we made it!
- Craig
Here to Help!
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