Registered User
Joined: 9/11/2012
Posts: 92
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Bruce,
I would like to scan for symbols matching the following conditions:
Within the last x bars, in an uptrend, a shorter sma "y" should be greater than a longer sma "z" in "p" percent of the bars. Example: During the last 100 bars, the sma 50 is above the sma 100 in 80% of the cases (bars).
Of couse I would try, with this kind of condition, to look for sort of continuing uptrend, including the many unevitable deviations.
Do you think there is a way to write this as an TC2000 formula?
thank you,
Franz J.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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This should do what you want:
SUM(IIF(AVGC50>AVGC100,1,0),100)
Thanks
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Registered User
Joined: 9/11/2012
Posts: 92
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Thanks, but it seems to me this is an indicator summing up the days with sma50>sma100 true, with that condition met every day (I may be wrong). What I am looking for is a scan, which can show which symbols met that condition in x % of the last z bars. Setting set formula = 1 as a condition, I don´t get the desired results.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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This part of the formula returns 1 if AVGC50 > AVGC100 and 0 otherwise.
IIF(AVGC50>AVGC100,1,0)
The SUM(w, 100) portion adds together these values over the most recent 100 bars.
So you are correct that this is a count of the number of bars where AVGC50>AVGC100.
The key to this being a percent is that the count is over 100 bars. If it were for a different number of bars, the formula would be more complicated, although only slightly. For example:
100 * SUM(IIF(AVGC50 > AVGC150, 1, 0), 59) / 59
Would return the percentage of bars where AVGC50 > AVGC150 over the most recent 59 bars.
Checking for this to be at least 10% would be:
100 * SUM(IIF(AVGC50 > AVGC150, 1, 0), 59) / 59 >= 10
-Bruce
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