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cunparis
Posted : Sunday, July 15, 2012 2:32:24 AM
Registered User
Joined: 2/24/2009
Posts: 25

Is it possible to scan for stocks in a watchlist pulling back to a moving avearge?  I can see how this is possible with v7 but I don't see a way to do it with V12.

Thanks

 

Bruce_L
Posted : Monday, July 16, 2012 9:52:45 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

What technique for finding this in particular can you do in TC2000 version 7 that you can't do with TC2000 version 12.2?

In any case, one possibility in TC2000 version 12.2 would be to add an Envelope Channel with the same period as the desired Moving Average. You could then click on Price and select Create Scan Condition for Crossing Down Chan Top.

Adjust the Std Dev setting of the Envelope Channel to how close as a percentage of the Moving Average you need to get to the Moving Average to be considered pulling back to the Moving Average.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
cunparis
Posted : Tuesday, July 17, 2012 4:06:11 AM
Registered User
Joined: 2/24/2009
Posts: 25

I thought one could make a PCF where you just take the close price subtract the moving average and if it's less than a threshold then the scan is true.

I haven't found a way to make my own scans with v12, it seems we're limited to the scans built-in.  Is this true?  This seems to be a major limitation if it's true.  for example I can run the landry pullback scan with V12.. I have to run it on V7 and then copy the symbols and import it into v12.  it's a bit cumbersome..

 

 

Bruce_L
Posted : Tuesday, July 17, 2012 8:53:45 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

TC2000 version 12.2 has Personal Criteria Formulas and EasyScans just like TC2000 version 7 and can also create Conditions by clicking on Indicators and selecting Create Scan Condition.

Personal Criteria Formula Conditions
Creating Scan and Sort Conditions

To create a Condition Formula to use in an EasyScan, click on Conditions (along the left hand side) and choose New Condition Formula.

You can even import all of your Personal Criteria Formulas and EasyScans from TC2000 version 7 into TC2000 version 12.2 by selecting File | Import TC2000 v7 (aka. TeleChart).



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
cunparis
Posted : Tuesday, July 17, 2012 12:09:44 PM
Registered User
Joined: 2/24/2009
Posts: 25

I fell a little stupid but I totally missed the conditions button.  I couldn't find a way to do it and now I know why.  this makes total sense.  I'm really loving telechart.  Thanks for taking the time to explain things to people in the forums, I've found most of my answers searching the forums and it's a great resource.

 

Bruce_L
Posted : Tuesday, July 17, 2012 12:11:19 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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