 Gold Customer
Joined: 11/17/2007
Posts: 28
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Can a Trainer write a PCF or scan for following. 1) Find stocks with Trending Channel with retracement within channel & also when breakout from channel. 2) PCF or scan for stks still showing strength during S&P (ie mkt) pullbacks.
Thx for your help.
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Gold Customer
Joined: 11/17/2007
Posts: 28
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If I had a pcf column to add to watch list of channel trending stocks & a col for when they breakout I could easily see when this occurs. And also a col for strong stongs even during mkt weakness.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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What are your particular unambiguous objective definitions of "channel", "trending", "retracement" and "breakout"?
Would any stock where price is below say TC2000 version 7's Lower Linear Regression Channel 20,20 of a Linear Regression Line with a positive slope qualify as a retracement?
C < AVGC20 - 9.5 * (9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665 + 20 * (ABS(C18 - AVGC2.18) + ABS(C17 - AVGC3.17) + ABS(C16 - AVGC4.16) + ABS(C15 - AVGC5.15) + ABS(C14 - AVGC6.14) + ABS(C13 - AVGC7.13) + ABS(C12 - AVGC8.12) + ABS(C11 - AVGC9.11) + ABS(C10 - AVGC10.10) + ABS(C9 - AVGC11.9) + ABS(C8 - AVGC12.8) + ABS(C7 - AVGC13.7) + ABS(C6 - AVGC14.6) + ABS(C5 - AVGC15.5) + ABS(C4 - AVGC16.4) + ABS(C3 - AVGC17.3) + ABS(C2 - AVGC18.2) + ABS(C1 - AVGC19.1) + ABS(C - AVGC20)) / 400 AND 9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19 > 0
Would any stock where price is above say TC2000 version 7's Upper Linear Regression Channel 20,20 of a Linear Regression Line with a negative slope qualify as a breakout?
C > AVGC20 + 9.5 * (9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665 + 20 * (ABS(C18 - AVGC2.18) + ABS(C17 - AVGC3.17) + ABS(C16 - AVGC4.16) + ABS(C15 - AVGC5.15) + ABS(C14 - AVGC6.14) + ABS(C13 - AVGC7.13) + ABS(C12 - AVGC8.12) + ABS(C11 - AVGC9.11) + ABS(C10 - AVGC10.10) + ABS(C9 - AVGC11.9) + ABS(C8 - AVGC12.8) + ABS(C7 - AVGC13.7) + ABS(C6 - AVGC14.6) + ABS(C5 - AVGC15.5) + ABS(C4 - AVGC16.4) + ABS(C3 - AVGC17.3) + ABS(C2 - AVGC18.2) + ABS(C1 - AVGC19.1) + ABS(C - AVGC20)) / 400 AND 9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19 < 0
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
Linear regression channel calculations
Spotting trend changes using linear regression channel sorts
EasyScan for stocks pulling back from an uptrend
As far as creating a Personal Criteria Formula to identify stocks showing strengths, I cannot think of an automated method. You could create a formula for Price Percent Change over specific periods of time in which SP-500 was undergoing a pullback and sort for a positive Price Percent Change or create a Condition Formula for a Price Percent Change being at least a certain value over that period.
For example, a formula for the Price Percent Change between April 26, 2010 and July 1, 2010 would be:
100 * (C'07/01/2010' / C'04/26/2010' - 1)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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