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Registered User
Joined: 4/2/2006
Posts: 38
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Hey craig,
I've noticed something wonderful base on a previous formula that you wrote for me a week or so ago, it's awesome !!! I aske you to send me a really simple formula for price trading below it's 20day and 50day moving avg and you sent it.
I've noticed one thing more, when price breaks below it's 20 day moving avg by one bar you can go short on that bar and set your stop loss and it works.
Based on this finding can you send me another little formula for the first price bar that has traded below its 20day moving avg. I only want see the first bar within a previous uptrend that breaks below it's 20day moving avg no matter how long the uptrend was, it doesn't matter to me.
I 'd rather have this formula plotted on a SIMPLE MOVING AVG, I don't like the EMA for my trading style.
So to recap, I 'm looking for all stocks that have a price bar that broke below it's 20day moving avg by one price bar no matter how long or short the previous uptrend. I only want the break below the 20day moving average to be one bar below it 's 20day ma, that's it.
Thanks Craig
You are the greatest !!!!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Try this for me:
H<AVGC20 AND L1>AVGC20.1 AND L2>AVGC20.2 AND L3>AVGC20.3 AND L4>AVGC20.4 AND L5>AVGC20.5 AND L6>AVGC20.6
- Craig
Here to Help!
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Registered User
Joined: 4/2/2006
Posts: 38
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Thanks Craig, Worden wouldn't be worth subscribing to if you were not here to help us and I'm dead serious about that.
Thank you very much for your responses and the help that you provide for us out here.
Enjoy your holiday and be safe.
Tony
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Registered User
Joined: 4/2/2006
Posts: 38
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Craig, sorry to bother you but the formula didn't work for the one bar below the 20 day moving avg that you sent to me. I doulble checked on my end to see if I may have made a mistak on the easy scan and the cut and paste into the pcf's.
It's giving me a lot more days below the 20 day ma, more like 10 to 20 days below which means the move is too far gone.
Could you check the formula for me to see what may be wrong with it.
Thanks Craig
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Do me a favor....
Edit the PCF and test it on IBM.
It should come back with this info:
80.86 < 81.74 AND 79.65>81.82 AND 79.06 > 82 AND 79.64>82.18 AND 79.40>82.32 AND 79.51>82.43 AND 80.03>82.50
RESULT: FALSE
If this matches your version then go through this check list for me:
Things to check if your moving averages don't "seem right" or "seem to match"
Last but not least, create an EasyScan with only this PCF in it. Give me any tickers that show up in the scan that you think should not.
I am only showing 6 stocks were TRUE for this condition on Friday.
....this actually concerns me. I think I made it too restrictive. Right now it is written so that:
For 6 days the price low is above the 20-day simple average then today the high is below it.
Here is a version that does not use highs and lows but uses closes:
C<AVGC20 AND C1>AVGC20.1 AND C2>AVGC20.2 AND C3>AVGC20.3 AND C4>AVGC20.4 AND C5>AVGC20.5 AND C6>AVGC20.6
this found 38 stocks on Friday....
- Craig
Here to Help!
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Registered User
Joined: 4/2/2006
Posts: 38
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Thanks Craig, this works !!!!
I don't know what we would do without you and you alone, thanks a million. See you next time.
Tony
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Great!
- Craig
Here to Help!
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