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jande05
Posted : Saturday, August 19, 2006 11:08:41 AM
Registered User
Joined: 8/13/2006
Posts: 2
I am trying to build pcf's in ez scan. My examples are: 20 day SMA at or below current price, 5 day average volume at or below 30 day average volume.

Another scan I would like to have would be trading range over a certain timeframe. This one I don't have specifics for yet and would need to play with the formula a bit but if you could get me started on this I would be very helpfull...
diceman
Posted : Saturday, August 19, 2006 11:20:02 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
Try:

C>=AVGC20

and:

AVGV5<=AVGV30

You may be interseted in this video:


Scan for stocks bouncing in a lateral channel

thanks
diceman
Bruce_L
Posted : Saturday, August 19, 2006 3:48:59 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
jande05,
Here's an example of a 15-Period Trading Range:

MAXH15 - MINL15

It can be adjusted by changing each instance of 15 in the formula to the desired period. You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Handy PCF example formulas to help you learn the syntax of PCFs!
Personal Criteria Language Function List

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
henrietta
Posted : Sunday, August 20, 2006 8:41:23 AM
Registered User
Joined: 6/1/2006
Posts: 23
Hi,

I am trying to put in a formula for watchlist: all stocks
stocks that have risen over 4% for the last 3 days:
price per share of 20.14 to max
volume average 5 days : 80 - 99
it's a post that i read today on worden.
i am fairly new to worden so pls bear with me.
is it like that:
Watchlist: all stocks
click PCF and input:
((H-L)+(H1-L1)+(H2-H2))/3>4
after that i am stuck. how do i and where do i click to scan from the results stocks of the specified price range and volume that i want. please walk me through.
tx.
henrietta
Posted : Sunday, August 20, 2006 8:50:45 AM
Registered User
Joined: 6/1/2006
Posts: 23
also, how do i custom RSI 5 day onto the chart?

thanks
Bruce_L
Posted : Sunday, August 20, 2006 11:42:35 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
QUOTE (henrietta)
Watchlist: all stocks
click PCF and input:
((H-L)+(H1-L1)+(H2-H2))/3>4
after that i am stuck.

You will need to create the formula as a Personal Criteria Formula (review the video if you need help):

How to create a Personal Criteria Forumula (PCF)

Select New | New Personal Criteria Formula.
Name it Average Price Range 3-Day and select OK.
Copy and paste the following formula into the Editing formula window and select Save:

AVGH3 - AVGL3

After updating your PCFs, you can create your EasyScan (review the video if you need help):

Using EasyScan to find stocks that meet your own criteria

Select New | New EasyScan.
- Watchlist: All Stocks
- Average Price Range 3-Day: Value: 4 to Max
- Price Per Share: Value: 20 to Max
- Volume 5-Day: List Rank: 80 to 99

As mentioned in the tutorial video, left clicking on an EasyScan Condition will bring up a Rangefinder that can be adjusted (Boolean (True/False) EasyScan Conditions will not bring up the Rangefinder because it is not necessary in that case).

QUOTE (henrietta)
stocks that have risen over 4% for the last 3 days:

It should probably be mentioned that the formula provided represents a the Average Range over the last 3-Periods. A 3-Period Price Percent Change formula could be written as follows:

100 * (C / C3 - 1)

QUOTE (henrietta)
how do i custom RSI 5 day onto the chart?

Please try the following (review the video if you need help):

Adding, removing and saving indicators to a chart template

Select Chart Template | Add Indicator | Wilder's RSI.
- RSI Period: 5
- Use Wilder's Smoothing: Checked or Unchecked?
- Avg Period: ? (should probably be 1 if Use Wilder's Smoothing is Checked)
- Average Type: Simple or Exponential? (doesn't matter if Avg Period is 1)

You may also wish to review the following related topics:

Worden Report, 8/18
yesterday's worden report
If you are new to TeleChart READ THIS FIRST!
Customize your charts using Chart Templates
Handy PCF example formulas to help you learn the syntax of PCFs!
Personal Criteria Language Function List

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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