| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 3/3/2005
Posts: 15
|
Hi:
I'm looking to come up with a few simple scans. First, I would like to scan for all stocks that:
1. The stock trades greater than 500K volume daily average.
2. Price is above a rising 50 Simple Period Moving Average.
3. The stock has at least 2 consecutive lower daily highs (i would also like it to say that these lower daily highs, there could be more of them - but not less).
I would then like the same scan done for a weekly timeframe:
1. The stock trades greater than 500K daily average.
2. Weekly closing price is above its rising Weekly 50 Simple Moving Average.
3. The stock has at least 2 consecutive LOWER WEEKLY HIGHS(again, it could be more than 2, but not less).
I'm then looking for the exact same scans; but, for a downtrending stock:
First Scan:
1. The stock trades an average daily volume of at least 500K
2. The stock's closing price is below a declining daily 50 simple period moving average.
3. The stock has at least 2 consecutive HIGHER DAILY LOWS (it could be more than 2; but not less)
Second Scan (same scan; but on a weekly timeframe):
1. The stock trades an average daily volume of at least 500K
2. The stock's weekly closing price is below a declining WEEKLY 50 simple 50 period moving average.
3. The stock has at least 2 consecutive HIGHER WEEKLY LOWS (it could be more than 2; but not less.
Thanks so much for your time and consideration.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
QUOTE2. Price is above a rising 50 Simple Period Moving Average.
For how many bars should the MA be rising? Does the change need to just be positive OR should the MA move up each bar?
- Craig
Here to Help!
|
|
Registered User
Joined: 3/3/2005
Posts: 15
|
That's a great question. I would say that every closing price would need to be above it's simple 50 period moving average. That (i guess) would mean the stock needs to close above it's simple 50MA at least 50 prior times.
thanks
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Gotcha:
QUOTE1. The stock trades greater than 500K volume daily average.
2. Price is above a rising 50 Simple Period Moving Average.
3. The stock has at least 2 consecutive lower daily highs (i would also like it to say that these lower daily highs, there could be more of them - but not less).
1) Add Volume 90-days and set the value range to 5000 to MAX
3) Create and add the following PCF:
(H<H1)AND (H1<H2)
This will limit the results to only stocks with two (or more) consecutive lower highs.
back to 2) I think you save your scan and then sort by this condition in ascending order. It will rank the results by the value of the lowest price in 50 days as a percent of the highest value of the 50-day MA of price. You will understand the PCF once you sort by it and see the charts:
((((MINC10/MAX(AVGC50,10))+(MINC10.10/MAX(AVGC50.10,10))+(MINC10.20/MAX(AVGC50.20,10))+(MINC10.30/MAX(AVGC50.30,10))+(MINC10.40/MAX(AVGC50.40,10)))/5)+(C/AVGC50))*50
This is PCF gives you some flexibility. If a stock barely dips below the average it will not take it out of the scan. Sorting by this still brings the best performers for your condition to the top of the list, though.
- Craig
Here to Help!
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
QUOTE
1. The stock trades an average daily volume of at least 500K
2. The stock's closing price is below a declining daily 50 simple period moving average.
3. The stock has at least 2 consecutive HIGHER DAILY LOWS (it could be more than 2; but not less)
1) Add Volume 90-days and set the value range to 5000 to MAX
3) Create and add the following PCF:
(L>L1)AND (L1>L2)
This will limit the results to only stocks with two (or more) consecutive higher lows.
2) Use the same PCF from #2 above but sort in ascending order
((((MINC10/MAX(AVGC50,10))+(MINC10.10/MAX(AVGC50.10,10))+(MINC10.20/MAX(AVGC50.20,10))+(MINC10.30/MAX(AVGC50.30,10))+(MINC10.40/MAX(AVGC50.40,10)))/5)+(C/AVGC50))*50
- Craig
Here to Help!
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
..now for the weekly requests:
1) Add Volume 90-days and set the value range to 5000 to MAX
3) Create and add the following PCF:
(MAXH5<MAXH5.5)AND (MAXH5.5<MAXH5.10)
or
((MINL5>MINL5.5)AND (MINL5.5<MINL5.10)
2) Create and sort by(change sort direction depending on the scan)
AVGC250/AVG(AVGC250,250)*100
- Craig
Here to Help!
|
|
Registered User
Joined: 3/3/2005
Posts: 15
|
Now...if i wanted 3 consecutive lower daily highs (again, it could be more than 3; but not less) - how would i go about doing that?
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Take a look at the ones I posted above.
H = high today
H1 = high 1-day ago
H2 = high 2-days ago
The syntax is easy. Just extend the PCFs you already have above using the same patterns/syntax.
Make sense?
- Craig
Here to Help!
|
|
Registered User
Joined: 3/3/2005
Posts: 15
|
Yes, thanks!
|
|
Registered User
Joined: 3/3/2005
Posts: 15
|
For Scan #2 you said:
2) Use the same PCF from #2 above but sort in ascending order
((((MINC10/MAX(AVGC50,10))+(MINC10.10/MAX(AVGC50.10,10))+(MINC10.20/MAX(AVGC50.20,10))+(MINC10.30/MAX(AVGC50.30,10))+(MINC10.40/MAX(AVGC50.40,10)))/5)+(C/AVGC50))*50[/quote]
This i dont understand...can you explain why this is so? And, when i bring all of the criteria together in an "easy scan," it askes me to edit the condition: Condition type (List rank etc.) and then set a value to it...am i doing this right? I didnt think there was any subjectivity to the question - the stock either is or is not closing above (or below)the 50SMA...?
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Don't put this condition in the EasyScan. Once you create the EasyScan and save it you will have a WatchList of the stocks that meet the conditions. You should sort the list (using the SORTED BY pulldown) by this PCF.
This PCF gives the average difference between the low point of price and the high point of the average in 10-block segments for the 50-day period. It is then weighted by the most recent difference. Stocks with a high value for this condition were the most, on average, above their MA, the ones with low values were the most, on average, below their MA.
Once you sort any WatchList by this condition with a 50-bar MA on it you will see what it does.
Here is a video on sorting if you are not familiar with it.
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
|
|
|
Guest-1 |