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Registered User
Joined: 6/24/2008
Posts: 17
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hi, can someone help me? i'm trying to write a scan that would identify stocks in a trading range - stocks trading in a 5% range over the last two weeks etc. with a specific volume etc. - could this be done with an easyscan? i am really starting to appreciate the power of this program - thanks in advance
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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This can be done with PCFs.
Can you specify the range? Do you want the highest high for the period to be no more than 5% above the lowest low for the same period?
- Craig
Here to Help!
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Registered User
Joined: 6/24/2008
Posts: 17
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thanks craig! yes something like that - also with a specific vol. lets say all all stocks over 2 million shares per day - trading between 5 and 15 dollars or something like that. i want to get a hang on how to use the personal criteria formula variables. thanks again, john
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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A few questions:
1. How many days should the period be for this trading range?
2. Do you want a minimum or average of 2 million shares?
3. Over what period (in days) do you want to check for this volume requirement?
4. Should the price per share now be 5 to 15 or for the entire trading range (it stayed between 5 and 15 for all the days)?
- Craig
Here to Help!
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Registered User
Joined: 6/24/2008
Posts: 17
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1. 30 days
2. average 2 millions shares
3. 60 days
4. no - stocks trading between 5 - 15 dollars with a trading range of lets say 10%
thanks again craig -
john
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You seemed to of changed from 5% to 10%. I will use your 10% number. Below are a series of separate PCFs. Create each and then combine them into the same EasyScan, if you like.
In a 10% range
MAXH30<=MINL30*1.1
Average Volume over 2mil
AVGV60>=20000
Price between 5 and 15
C>=5 AND C<=15
Be sure to check these out:
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!
- Craig
Here to Help!
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Registered User
Joined: 6/24/2008
Posts: 17
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thanks - can i enter all three into a pcf and then into the 1 easy scan - or do i have to do each pcf seperately and then enter them into 1 easyscan seperately?
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Worden Trainer
Joined: 7/11/2006
Posts: 332
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foxbat426,
You will want to create the PCF's separately. You can then create the EasyScan.
Thanks for your post!
Tal_E
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Registered User
Joined: 6/24/2008
Posts: 17
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also craig, do i even have to enter them into an easyscan? - can i put all three variables into one PCF and then run that or do pcf's contain only one test condition (i.e. MAXH30<=MINL30*1.1)
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Registered User
Joined: 6/24/2008
Posts: 17
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thanks tal! also how does vol. work in telechart? for instance 2,000,000 (two million shares) is represented how? are the last two digits knocked off to represent volume in telechart?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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foxbat426,
Yes, you can AND the Personal Criteria Formulas together into a single PCF if desired (but this means you can't use them indivdually in other EasyScans):
MAXH30 <= MINL30 * 1.1 AND AVGV60 >= 20000 AND C >= 5 AND C <= 15
Volume in TeleChart is reported in blocks of 100 shares. So, you need to add two zeros to get the Volume in Shares or knock two zeros off the desired number of shares when writing a PCF. You way wish to review the following:
PCF Formula Descriptions
Definitions of all built in scanning and sorting criteria
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Volume in TC is in hundreds.
I think you best bet is to create the PCFs as separate conditions then combine them into EasyScan.
- Craig
Here to Help!
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Registered User
Joined: 6/24/2008
Posts: 17
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ok - i made each a pcf and then put them in an easy scan - the easyscan is coming back with only one stock! i'll try it again, but i think i have it right as i copied and pasted your formulas write into the pcf's
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Your conditions are pretty restrictive. One hit does not surprise me.
- Craig
Here to Help!
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Registered User
Joined: 6/24/2008
Posts: 17
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craig,
in this PCF that you wrote MAXH30<=MINL30*1.1, does the 1.1 represent the 10% trading range? - if i made it 1.3 would that be 30% - please be patient i am getting the hang of this and thanks again in advance. john
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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foxbat426,
You have it exactly right. The 1 is the equal to 100% and the .1 is equal to 10%. So 1.1 equals 110% and 1.3 would be 130%.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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