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Registered User
Joined: 2/5/2005
Posts: 1
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To Whom it may concern:
I was wondering if the Scanning Software has the capability of identify stocks or ETF's that might be below the 20's and above the 80's on Stochastics? I am trying to catch stocks that are breaking up on a buy signal on Stochastics below 20 and giving a sell signal above the 80 on Stochastics.
If so what is the formula? Thanks in advance----- Bernard
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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!
Any formulas would depend on the settings of your Stochastic.
- Period: ?
- SK Period: ?
- SD Period: ?
- Average Type: Simple or Exponential?
You may wish to review the following:
Understanding Stochastics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/19/2009
Posts: 8
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Jayflight,
I would like to see the formula you come up with on the STOC scan if its ok.
Currently I am trying to create onwe and am in the learning curve .
Thx
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Administration
Joined: 9/30/2004
Posts: 9,187
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Using a Stochastics with a period of 12 and a %K period of 5:
Stochastics above 80
STOC12.5 > 80
Stochastics below 20
STOC12.5 < 20
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Registered User
Joined: 12/19/2009
Posts: 8
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Another question.
I see the default scan to find stocks that the STOC is crossing the 80 or 20% range.
My focus is to create a scan that can detect the two lines in the STOC as to when the "SK period" crosses down thru the "SD period".
Look at typical example LRCX in October 2009 about mid month. About the 9th a cross down thru of periods occured.
This phenomina I would like to be able to scan for.
Thx
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (zobcity1) Look at typical example LRCX in October 2009 about mid month. About the 9th a cross down thru of periods occured.
We can't look at your example without knowing your particular settings.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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