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Registered User
Joined: 12/27/2004
Posts: 15
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here is a moneystream PCF that holds well for strong moneyflows.
Other criteria can of course be added to reduce search.
Moneystream criteria should show high volume (enthust buying)however, not much price movement yet.
here goes
avgv10>1.3*avgv30.5 AND
avgc3>1.1*avgc20 AND
avgc3<1.3*avgc20
results are very descent, and scan is simple.
of course, by altering the formula for average price <<<, you can scan for stock heading south under enthust selling ...
any comments are welcomed, like to hear how others scan.
Gz
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I will move this to the EasyScan forum.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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What MoneyStream pattern are you trying to uncover with this PCF? I am not making the relationship to the formula and it being called a MoneyStream PCF.
- Craig
Here to Help!
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Registered User
Joined: 12/27/2004
Posts: 15
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Hi Craig
look here:
avgv10>1.3*avgv30.5 : average volume last 10 days is at least 30% higher than over the last 30 days (5 days back) .... increased volume
avgc3>1.1*avgc20 : average close last three days is 10% highesr than average last 20 days
HOWEVER
avgc3<1.3*avgc20 : average price last 3 days is lower than 30% increase over average of last 20 days.
Net result is: significant increase in volume and price has moved up a minimum of 10% but no more than 30%
make the PCF, sort all stocks if you like, and look at the moneystream. Very strong. And since price has moved, one would expect that the ideal entry will be on a pullback
Note that this simple scan often shows very good BOP and TSV's also.
(same can be down for down prices with a little adjustment)
comments welcome.
Gz
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I understand. Even though we don't know the formula for BOP and MoneyStream we do know that Price and Volume are a part of their calculation. You are scanning for a certain volume and price pattern then looking to the indicators.
I like it!
My only comment....
If you are scanning for strong BOP and/or MoneyStream, why not scan for the indicator pattern itself vs. scanning for a certain price and/or volume pattern?
Nothing wrong with what you are doing. I wonder if scanning for the actual indicators might be more effecient.
Did you see these PCFs I posted for MoneyStream?
Link to other thread on scanning for MoneyStream
Check them out. You might have fun with them!
- Craig
Here to Help!
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