jalabuda 13 posts msg #82999 - Ignore jalabuda modified |
11/13/2009 11:46:30 AM
My Universe with room to grow scan
I have a scan in TC2000 that I would like to convert to Stockfetcher code.
It finds Optionable stocks priced between $9.84 and $49.90 with average volume over 1mm shares. Average true range 5 days is > 5% price and where price change for the past 5 days is between -2 and +3%. Price is off the high of the last 40 days of $7.50 or more. Price is greater than 20 day MA.
I have attempted to upload my first screen shot below.
Thanks for your assistance.
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jalabuda 13 posts msg #83000 - Ignore jalabuda modified |
11/13/2009 12:01:04 PM
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jalabuda 13 posts msg #83001 - Ignore jalabuda modified |
11/13/2009 12:05:40 PM
http://i37.tinypic.com/25jczuo.jpg
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karennma 8,057 posts msg #83003 - Ignore karennma |
11/13/2009 12:50:49 PM
Jalabuda:
"where price change for the past 5 days is between -2 and +3%. "
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Does this mean you want stocks that are EITHER down not more than 2% or up not more than 3% ... ???
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jalabuda 13 posts msg #83017 - Ignore jalabuda modified |
11/13/2009 3:41:49 PM
Yes - I do not want stocks that have increased too much or fallen too much. They are more of a consollidation phase with upside potential.
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jalabuda 13 posts msg #83018 - Ignore jalabuda |
11/13/2009 3:43:02 PM
I finally got the image to post correctly.
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chetron 2,817 posts msg #83024 - Ignore chetron modified |
11/13/2009 4:28:13 PM
maybe....
It finds Optionable stocks priced between $9.84 and $49.90 with average volume over 1mm shares.
Average true range 5 days is > 5% price
where price change for the past 5 days is between -2 and +3%.
Price is off the high of the last 40 days of $7.50 or more. Price is greater than 20 day MA.
edit: did you mean ema(20).....
edit: did you mean -3...
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jalabuda 13 posts msg #83026 - Ignore jalabuda |
11/13/2009 5:30:44 PM
Chetron:
Thanks for the filter! The closing price change over the past 5 days should be bewteen -2% and +3% showing some consolidation before a breakout. We want the ATR to be high as the stock will likely move up faster than a stock with a low ATR.
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chetron 2,817 posts msg #83028 - Ignore chetron |
11/13/2009 5:38:40 PM
THE EXAMPLE YOU GAVE, CDE WAS AT -2.158271 WHICH IS LESS THAN -2
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jalabuda 13 posts msg #83029 - Ignore jalabuda |
11/13/2009 5:55:45 PM
Chetron:
You are correct - the TC2K filter range is -2.158271% to +3.020309% over the past 5 days. I believe that the Price change from the last 5 days is not greater than +3.020309% nor greater than -2.158271%
I was rounding in my post for expediency. The exact number of decimal place accuracy is not significant.
The purpose of the scan is to develop a watch list for the next day's trading and trade the breakouts that occur within the next day or two.
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