Rate of Change % and Momentum are pretty much the same thing. The only difference between a Rate of Change % and Momentum of the same period is the Rate of Change % indicator will be 100 less than the Momentum indicator.

We would need to know the exact settings of the Rate of Change %, Momentum, RSI and MACD indicators to create a Custom PCF % True indicator which would spike on the chart when all three requirements are true.

Thank you Bruce; I am still trying to figure out a formula that will help me day trade.

I came out with this " plot: 100 * (C / C10 - 1) > 01 if 100 * C / C10 > 100.5 and RSI1.1.1". I don't think I really need the RSI. I will read some more and see if there is any other indicator I can use.

The Rate of Change % and Momentum indicators in your formulas appear to be 10-period versions.

100 * C / C10 > 100.5 will always be true if 100 * (C / C10 - 1) > 1.

I'm not really sure of the usefulness of a 1-period RSI. Is the RSI the Wilder's version or the plain RSI indicator?

If we use the most common settings for the MACD (exponential, 12,26,9), then the raw MACD will be above zero when the 12-period exponential moving average is above the 26-period exponential moving average.

If we are to use the 10-period Rate of Change %, 1-period plain RSI, and the common MACD settings, we would get:

C >= 1.01 * C10 AND XAVGC12 > XAVGC26 AND C > C1

Note that the C > C1 section would work for checking if a 1-period RSI is greater than 50.

Thank you

CCI is an excellent indicator. You can use in conjunction with others.!!!

Hi. I am trying to create a scan that would look for stocks that are popping, even in the pre market, but definitely identify stocks that have popped up in the opening ticks, and minutes.  I have experimented with Open and Close changing time periods to minutes and nothing seems to be working.  I have tried things as simple as  c>c1 on a one minute chart, or O>O1 which makes sense to me but the scans are not working to my expectations. Any ideas?  

It is not yet possible to scan based on pre and post market data. You could check for the open being above the previous close on a daily time frame using:

O > C1

You would want to use a daily time frame because you are interested in the daily open being up compared to the close of the previous daily bar.

Thanks Bruce.  Ok so now I have the start of my scan, with today's opening being higher than yeasterday's close. Would I be correct in saying that using o>c1 as a first condition, and then % change since the open set as say 90% would give the top 10% of price jumpers, as a 2nd condition,  And then include with that today's volume surge set high would be a good indication of intial movers .  Changing that intial time period to say one or two minutues would show poppers during the day. Or am I off on that?

Basically I'm trying to scan for any stock that is jumping up at any particular point in time from the open throughout the day, as often as the scn is run.

....with my prior post, I meant to say popping in price, but I would like to scan for a volume spike as well as the price spike

If you are going to use % Change Since Open as an EasyScan Condition set to 90%, make sure you are using Rank and not value. A 90% percent change since the open would be dramatic enough that it would probably not return very many results.

I may be misunderstanding, but you would probably want to use a daily time frame for all of the EasyScan Conditions. If you change the time frame to something else, the open will not refer to the open of the trading day.

Building a Scan with Multiple Conditions

Thanks Bruce.  The information provided in the attached video you sent,  gave me the answer I needed to create the scans I was trying to build.  Much appreciated !

You're welcome.