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Registered User
Joined: 6/10/2010
Posts: 20
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I would like to scan for stocks that have broken up thru the 50 ma or 20 and now come back to test this as support. Has someone alrearyd written this real code? Also would like to reverse this and now the 50 acts as resistance.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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What is your particular objective definition of "test this as support"? Does Price need to come within a particular percentage of the Moving Average? Something else?
-Bruce
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Registered User
Joined: 6/10/2010
Posts: 20
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Hi Bruce, would like to see a bullish candle on the test and would have to be near the spport of resistance
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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What do you see as a "bullish candle"? What do you see as "near"? Specific objective definitions are required in order to create an algorithm to identify something. You generally can't get a computer to identify something based on subjective, "I know it when I see it", type descriptions.
-Bruce
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TC2000 Support Articles
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Registered User
Joined: 6/10/2010
Posts: 20
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As far as near I was using stockfinders choices near nearlry and crossing. So near would be at or within 2 pts of the 50 with a downswing in effect and the next day a B. Harami,doji,B engulfing etc. Basicall looking for support or resitance and the 50, 20 Moving average.
Does this help?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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QUOTE (cra768)
As far as near I was using stockfinders choices near nearlry and crossing. So near would be at or within 2 pts of the 50
Remember 2 points is a lot different with a $10 stock vs a $100 stock.
Thanks
diceman
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The only way to use StockFinder's built in Conditions for Crossing, Almost Crossing, Pretty Close, Above, A Little Above, Clearly Above or Way Above is to actually create the Condition using Drag and Drop. I do not know what how these levels are determined.
Creating Conditions
You could create Combo Condition for the Candlestick Patterns of interest and then use that Combo Condition as the second part of a Sequence Condition with the first part being your check for Price being A Little Above (or Almost Crossing) the Moving Average.
You could use the built in Conditions for various Candlestick Patterns or those we previously worked on creating in PCF to Stockfinder 5.
-Bruce
Personal Criteria Formulas
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Registered User
Joined: 6/10/2010
Posts: 20
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OK thanks bruce.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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