Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Volume based Scan with Price Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
moychris
Posted : Monday, October 12, 2009 10:17:04 AM
Registered User
Joined: 10/19/2006
Posts: 18
Hello, I consider myself fairly novice with Telechart and I am looking to incorporate the following characteristics into 1 scan:

Uptrend for the last 30 days
Low volume for the stock over the past 2-3 days
Decrease in price by 2-5% over the past 3 days
Price of stock approaching 10 moving average
Optionable Stocks

What would be the best way to incorporate these criteria
Bruce_L
Posted : Monday, October 12, 2009 11:00:23 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
QUOTE (moychris)
Uptrend for the last 30 days

How do you want to define uptrend? Something simple like a positive 30-Period Linear Regression Slope with a positive Net Change over the same Period may or may not fit your specific requirements:

(29 * C - C29) + 27 * (C1 - C28) + 25 * (C2 - C27) + 23 * (C3 - C26) + 21 * (C4 - C25) + 19 * (C5 - C24) + 17 * (C6 - C23) + 15 * (C7 - C22) + 13 * (C8 - C21) + 11 * (C9 - C20) + 9 * (C10 - C19) + 7 * (C11 - C18) + 5 * (C12 - C17) + 3 * (C13 - C15) + C14 - C15 > 0 AND C > C29

QUOTE (moychris)
Low volume for the stock over the past 2-3 days

How do you want to define Low Volume? Low Volume compared to what? Comparing the current 3-Period Simple Moving Average of Volume to the 90-Period Simple Moving Average of Volume to the period before that may or may not fit your specific requirements:

AVGV3 < AVGV90.3

QUOTE (moychris)
Decrease in price by 2-5% over the past 3 days

.95 * C3 <= C AND C <= .97 * C3

QUOTE (moychris)
Price of stock approaching 10 moving average

Simple:

ABS(C - AVGC10) < ABS(C1 - AVGC10.1) AND SGN(C - AVGC10) = SGN(C1 - AVGC10.1)

Exponential:

ABS(C - XAVGC10) < ABS(C1 - XAVGC10.1) AND SGN(C - XAVGC10) = SGN(C1 - XAVGC10.1)

QUOTE (moychris)
Optionable Stocks

Just use the built in Optionable Stocks Fundamental System Criteria as an EasyScan Condition.

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
Definitions of all built in scanning and sorting criteria
PCF Formula Descriptions

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.