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Registered User
Joined: 3/19/2005
Posts: 5
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Hi, I want to setup my personal watchlist where I can scan the stocks for buy, the stock is in an uptrend and cuts and goes above the 50Day MA or 200Day MA. MA is in an uptrend. Stochastic is at bottom and moving up but below the overbought territory i.e. 80 level, RSI is at bottom and moving up but below the overbought territiory i.e. 70 level. ADX is moving up and is above 16. MACD should has a crossover at the bottom and moving upward.
For sell the stock is in an downtrend and cuts and goes down below the 50Day MA or 200Day MA. MA is in an downtrend. Stochastic is at top and moving down but above the oversold territory i.e. 20 level, RSI is at top and moving down but above the oversold territiory i.e. 30 level. ADX is moving up and is above 16. MACD should has a crossover at the top and moving downward.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
We will need to create one or more Personal Criteria Formulas for your requirements and use them as EasyScan Conditions to create a Watchlist containing the desired stocks.
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
PCF Formula Descriptions
QUOTE (mansinghani) Hi, I want to setup my personal watchlist where I can scan the stocks for buy, the stock is in an uptrend... MA is in an uptrend.
How do you want to define uptrend?
QUOTE (mansinghani) ...and cuts and goes above the 50Day MA or 200Day MA.
The formula would depend on if the Moving Averages are Simple or Exponential:
Moving Average PCF Templates
Things to check if your moving averages don't "seem right" or "seem to match"
Simple:
C > AVGC50 AND C > AVGC200
Exponential:
C > XAVGC50 AND C > XAVGC200
QUOTE (mansinghani) Stochastic is at bottom and moving up but below the overbought territory i.e. 80 level...
This would depend on your specific Stochastic settings:
Understanding Stochastics
- Period: ?
- SK Period: ?
- SD Period: ?
- Average Type: Simple or Exponential?
Are you interested in the SK or SD line?
How long ago can the bottom (I'm assuming bottom is a local minima) have happened?
QUOTE (mansinghani) ...RSI is at bottom and moving up but below the overbought territiory i.e. 70 level.
This would depend on your specific RSI settings:
- RSI Period: ?
- Use Wilders Smoothing: Checked or Unchecked?
- Avg Period: ?
- Average Type: Simple or Exponential?
How long ago can the bottom have happened?
QUOTE (mansinghani) ADX is moving up and is above 16.
It is not practical to create a Personal Criteria Formula for this, but it is possible to sort by ADX.
Sorting by the ADX indicator
Average Directional Index (ADX)
PCF for Wilder's Directional Movement DMI-crossovers
PCF for Wilder's DX, and/or a CI for Wilder's ADX
QUOTE (mansinghani) MACD should has a crossover at the bottom and moving upward.
This would depend on your specific MACD settings:
Understanding MACD
- Short: ?
- Long: ?
- Period: ?
- Average Type: Simple or Exponential?
- Plot MACD as Histogram: Unchecked
How long can it be since the crossover at the bottom?
QUOTE (mansinghani) For sell the stock is in an downtrend and cuts and goes down below the 50Day MA or 200Day MA. MA is in an downtrend. Stochastic is at top and moving down but above the oversold territory i.e. 20 level, RSI is at top and moving down but above the oversold territiory i.e. 30 level. ADX is moving up and is above 16. MACD should has a crossover at the top and moving downward.
The answers to the above questions should allow us to help you create the sell versions as well.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/19/2005
Posts: 5
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Stochastic is 14,3,5 where Period is 14, SK Period is 3, SD Period is 5. Simple. Plot SD Line
MACD is 12,26,9 where Short is 12, Long is 26, and Period is 9. Plot MACD as histogram. Simple
Ignore RSI
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You will create each of the Personal Criteria Formulas indivdually and then use the desired combinations as EasyScan Conditions. You could also connect the various PCFs you wish to combine by putting AND in between the formulas.
Price below SMA50 and SMA200:
C < AVGC50 AND C < AVGC200
Price below EMA50 and EMA200:
C < XAVGC50 AND C < XAVGC200
Simple Stochastic 14,3,5 SD increasing below 80:
AVG(STOC14.3,5) > AVG(STOC14.3.1,5) AND AVG(STOC14.3,5) < 80
Simple Stochastic 14,3,5 SD decreasing above 20:
AVG(STOC14.3,5) < AVG(STOC14.3.1,5) AND AVG(STOC14.3,5) > 20
Simple raw MACD 12,26 xUp its SMA9 Signal Line below 0:
AVGC12 - AVGC26 > AVG(AVGC12,9) - AVG(AVGC26,9) AND AVGC12.1 - AVGC26.1 <= AVG(AVGC12.1,9) - AVG(AVGC26.1,9) AND AVGC12 - AVGC26 < 0
Simple raw MACD 12,26 xDn its SMA9 Signal Line above 0:
AVGC12 - AVGC26 < AVG(AVGC12,9) - AVG(AVGC26,9) AND AVGC12.1 - AVGC26.1 >= AVG(AVGC12.1,9) - AVG(AVGC26.1,9) AND AVGC12 - AVGC26 > 0
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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