CANSLIM Components (sly_capt)
According to Mr. O'Neil, CANSLIM is as follows:
= Current quarterly earnings
- Current Quarterly earnings => 25% (5-7 qtrs)
high volume spikes, maybe we start there, add strong RSI , put a couple
of earnings factors ???? and top it off with a new high criteria.
CANSLIM summary on the net(danu3)
Got this from
Daily Graph product from IBD, that is why you see it keep on mentioning
CANSLIM related sites(TAN JOSEPH98)
Infomation: stock ranking:
us crash index - interesting:
I wrote a
Almost everyday I run the easyscan
NEW 52 WEEK HIGH ( you guessed it ) Tonite there are 77 hits. I scan these charts using Tools | slide show. I flag those that look interesting. I have created a bulleted watchlist appropriately called: New 52 week high ( you guys are good) I add the flagged stocks to this list. You will notice that you don’t have to do this everynight because stocks that make new highs seem to continue doing so, some for a long time, so you will catch them eventually. To name a few: SCH, GPS, PGTV, HRZ. Look at WCAP (4/5 there is even a worden comment just before the big move started. I have set up a daily chart zoom 5 with 13 day-EMA and 50day-EMA. These stocks will pull back to the 13 day-EMA, sometimes even the 50 day-EMA. You can scan this list using the SORT, making use of all your pcf’s and easyscans. Look at ITVU 3/16 as a good example.
CANSLIM focus Stocks(ejr39)
((AVGC89 - AVGC89.27) > 0)
((V - AVGV63) / (AVGV63 + .001)) * 100
Relative Strength Value
(((C / (.001 + C62)) * .04) + ((C63 / (.001 + C125)) * .02) + ((C126 / (.001 + C188)) * .02) + ((C189 / (.001 + C251)) *.02)) * 100
<Media General Fundamentals>
. . .( C ) = <EPS Percent change latest year> (Value) 18 to Max
. . .( A ) = <Earnings Growth Rate 5-Yr> (Value) 20 to Max
. . .( N ) = <Price as Percent of 52 Week High – H> (Value) 80 to Max
. . .<Price per Share - H (Value) 12 to Max
. . .( S ) <Capitalization> adjust to your style
. . .( S ) = PerCent Volume (Value) 1 to Max
. . .( L ) = Relative Strength Value (Rank) 80 to 99
. . .( M ) = Dahl(89)
WatchList to Scan: All Stocks
<Save> Name <Scan>
Add or change any criteria to fit your investing style.
( I ) is a look up in IBD
Compare the daily list with IBD; adjust the PCFs and EasyScan criteria until you are comfortable with the results. Keep in mind that this is a focus group – you must perform the additional due diligence (DD).
Now I dont use the volumepercent part.
What I am looking for is something I am still working on.. a lack of volume in a strong stock and strong uptrend
I use my lack of volume pcf
Im going to post more on what Im working on as soon as im happy with the results. (so far so good) Ill post more as soon as I feel good about the results, I dont like putting anything out that I wouldnt use.
The volume is only the starting point, im tring to work out is a macd scan on a faster macd. (5/10/6), Im also working with a a lack of volume and a rising price over a few days.. (hoping to catch the 'pop' to the magical 52 week high)
This is a work in progress I hope im on the right track
Canslim - revisited(ejr39)
Revised / Updated CANSLIM PCFs
From the Club’s website: 26 Weeks to Success. O’Neil expands on the CANSLIM selection process.
Strength: A Key Technical Tool
(C / (C250 + .001))
Add the Relative Strength PCF to the weekly CANSLIM Easy Scan; remove the QP2 Relative Strength Value PCF (It’s too restrictive).
Week08 The Importance of Volume, Sponsorship Volume % Change
((V - AVGV50) / 100)
Remove the PerCent Volume PCF (Incorrect results for CANSLIM strategy).
The IBD "Acc.-Dis." rank tracks the last 13 weeks (65 days) of trading volume.
Use an EasyScan Range selector to DETERMINE the Accumulation/Distribution rate i.e.
An A or B rating means the stock is being bought;
. . .A rating = Range selector (Rank) > 80
. . .B rating = Range selector (Rank) > 60 AND < 80
A rating C indicates a neutral setting
. . .C rating = Range selector (Rank) > 40 AND < 60
A D or E rating means the stock is being sold
. . .D rating = Range selector (Rank) > 20 AND < 40
. . .E rating = Range selector (Rank) < 20
Screen Tab# Indicator settings
. . . Balance of Power – check Visible
. . . . Moving Average – 65 bars – Simple
. . Volume Bars
. . . Moving Average – 50 bars – Simple
CANSLIM and volume scans(Sputnick55)
Once again you have came to my aid. You are truly appreciated!
PCF for buying on low volume
(V < ( AVGV180.1 * .3))
(Stay away from thinly traded stocks when using this method).
Sputnick55, you might try a volume oscillator,
This seems to do the trick very well..(from the link) volume oscillator 5-30
(place at 50% and below) couple this with your canslim profile and you do appear to have some very good stocks to work with.. (looking for a "dryup of volume" with stock moving slowly on low volume) I think the low volume could work also on good stocks, over a 3-4week time frame.. (thats next) Im still testing it, the other day was good. Ill see how it works on down days etc. (I dont update the system on friday so I can test it over the weekend, this came back with very good results.. only one day though)
Today sunday I scanned it and it came back with 35 stocks. (The ones in group 'a' are : csco kron ossi kare krb roh ait sns bio-a) most are carryovers from thursday I just put the scan in on friday. Waiting in group 'b' are (csco, tlab ir trb vci nvh gcp (nvh should move to groupe a )
They seem to just roll in and you have to put up several "watch groups" and re-rank them daily. The idea is that these stocks are designed to beheld for a short time frame.
The PCF for buying on low volume is the original formula for TC2000 version 3
(V < ( AVGV180.1 * .3))
The AVGV180 is 6 months; you might try using 6 trading months:
(V < ( AVGV126.1 * .3))
As before, YOU are on the right track. Building a strategy from the beginning keeps YOU in control; there's no second guessing as to what the author's indicators and oscillators are telling you - 'cause you are the author.
I'm delighted that you persisted in wanting to know more about CANSLIM EasyScans and PCFs.
I have been using the avgbops scans among others
For dryup in volume today
Bop Value today (67-30 value)
(wait for the next rush of volume to tell me the trend and have the orders in place respectivly, the 1 day bop is a trigger" day for me. sometimmes you get a few days but the stocks are on your hotlist and you have a clue to get ready to watch the volume and press the shiney red button)
(AVGC34 - AVGC34.9) > 0
(skipping the eps etc)
some data on stocks with low-mid floats run it through excell with avgerage
volume of 100k etc. and at least 25% ownership by institutinial