PCFs:
GBS
Volume:
(AVGV42.1 >=
1000) AND (V >= (1.5 * AVGV42.1))
Long
or buy Candidates:
Identifies
stocks that are oversold AND HOOKING up
(STOC13.3 >=
25) AND (STOC13.3.1 < 25)
Short
Candidates:
Short
or sell Candidates:(ejr39)
Identifies stocks
that are overbought AND HOOKING down  Adjust the Stocahstic to
fit your style;
I'm comfortable with a 58 day trading range (5 + 8 = 13).
(STOC13.3.1 >
75) AND (STOC13.3 < 75)
I use a variety
of candlestick patterns and Jeff Cooper PCFs to mechanically narrow
the search.
The rest is a mixture of identifying the trend, luck, and common
sense for an average of 3 trades per week (2 up, 1 down)
 I keep the account small using the profits for longer term investments.
KISS  Keep It Simple (and) Succinct. Many of the "theories" are
in the eye of the beholder
 if one looks hard enough one is bound to find one stock that fits
the theory; but what a waste of time.
Add those ideas and theories (as PCFs to your TC2000) that you understand,
test the rest in your "spare time"
.Short Formula:(Based on
Gary Smith tactics)
C >= 25 AND
C < AVGC42.1 AND (C1  C) > 1 AND V > (1.5 * AVGV42.1)AND
AVGV42.1 > 1000
The closing price
is greater than or equal to $25; you may wish to remove that part
of the formula
and make price adjustments in an EasyScan.
Translated
from Quotes Plus:(ejr39)
(C >= MAXC40.1
* .95) AND (C <= MAXC40.1) AND (MINC40.1 >= MAXC40.1 * .8)
AND
(C >= 12) AND (AVGC150 <= AVGC150.9) AND (RSI13 >= 60)
AND (V > 1000)
BBB
Scan:(Richard
Estes)
(C>(C5*1.05))AND(V>(AVGV63))AND(C>.85*(MAXC250))
The BBB is a
scan for potential Long candidates  it is NOT AN INDICATOR! After
running BBB,
run your favorite INDICATORs and OSCILLATORs for the stocks that
fit your investing style.
Smart
Scan:(ejr39)(aka
Richard's BUY, BUY, BUY Scan)
(AVGV126 >
1000) AND (C > (MAXC252.1) * .85) AND (V >= AVGV63) AND (C
> (MINC5) * 1.05)
Keep your $$$
safe and on the sidelines until Smart Scan and the InSync give decent
signals.
BOP
Turns Green Today:
(BOP1>30)AND(BOP1.1<30)
BOP
Turns Red Today:
(BOP1<(30))AND(BOP1.1>(30))
BreakOut
on congestion:(Crz4money)
C>=20 AND
(CMAXC42.1)>=1 AND V>=(1.5*AVGV42.1) AND (AVGV42.1)>=1000
Brookins
Buys:
AVGC9>AVGC21)AND(C2<C3)AND(C1<C2)AND(C>C1)AND(C>(C3*.9))
Kononov’s
Inertia Indicator:
13 * (C / C1)
 5.1 * (C1 / C2)  4 * (C2 / C3)  1.9 * (C3 / C4)  2 * (C4 /
C5)
Get
Rich Quick:(from
WOW)
(C>MAXH2.1)AND(V>2*V20)
Shark
Scan:
The focus of
the shark scan is a break of the top of the shark formation.
A shark formation is a set of 3 consecutive inside days.
IOW. day one high and low > and < day two high and low and
day two high and low > and < day three. sort of a small symetrical
triangle.
The buy signals are produced when the stock closes higher than day
one on the formation.
The sell signal is produced when the stock closes lower than day
one.
Shark Scan –
Long:
(H3>H2)AND(H2>H1)AND(L3<L2)AND(L2<L1)AND(H>H3)
Shark Scan –
Short:
(H3>H2)AND(H2>H1)AND(L3<L2)AND(L2<L1)AND(L<L3)
Price
Spread:(to
get the average price spread for four days ending yesterday.)
AVG(H4.1)AVG(L4.1)
Up
3 consecutive days on expanding volume:
C>C1 AND C1>C2
AND C2>C3 AND V>V1 AND V1>V2 AND V2>V3
Stocks
that have risen 50 points a month for the past two months:
O50 >= O30
AND O3050 >= O60
. . . This part
of the equation is optional:
AND C <= O
+ (O*.3) OR C >=C1 (.3*C1)
30%
price change today:
If you are looking for a "High" of the day to be 30% higher than
the "Open"
H > O*1.3
. . . If you
want the "Close to be 30% higher than the "Open" use:
C > O*1.3
Strong
chart:(anthonymdavis)
This will find stocks w/ a 50/200 day crossover, good BOP, TSV,
increasing RSI and
increasing volume over 3 days. I look at All Stocks and then sort
by the "Strong Chart" PCF
(STOC12.5 >
22) AND (BOP25.1 > 22) AND (TSV25 > 60) AND (RSI30.9 >
RSI30.9.2) AND (AVGC50 >AVGC200) AND (V > V3)
Catch
a rally:(cpratsch)
This scan is designed to catch a rally before its starts or catch
insider trading before the news comes out
V >= V1*1.5
AND TSV1 > TSV1.2 AND STOC12.5 > STOC12.5.2 AND C <= O
+ (O*.3) OR C >=C1 (.3*C1)
. . . This part
of the equation is optional:
AND C <= O
+ (O*.3) OR C >=C1 (.3*C1)
Close
up >5% and vol 2 to 4x 20da avg:
C>(C1*1.05)
and V>(AVGV20*2)
Turn
Up:(cpratsch)
(STOC41.5.3 <
20) and (STOC41.5.2 > 20) and (STOC41.5.2 < STOC41.5.1) and
(STOC41.5.1 < STOC41.5)
Selloffs:(Taftoony)
Making lower lows for the last 5 days and average 3 day volume today
is 150% of the ssame 5 days ago
L < L1 AND
L1 < L2 AND L2 < L3 AND L3 < L4 AND L4 < L5 AND AVGV5
>= AVGV5.5 * 1.5
Movers:(Taftoony)
9 day ma crossing 4 day ma, gapping up or down today
(AVGC4.1 >
AVGC9.1 AND AVGC4 > AVGC9) OR (AVGC4.1 > AVGC9.1 AND AVGC4
< AVGC9) AND (AVGV3 > AVGV3.3)
Easy scan:
. .
. BOP Value TodayH Rank 74 to 99
. .
. Gap UpH
. .
. Gap DownH
. .
. Volume 5DayH Rank 49 to 99
Reversal:(Taftoony)(These
are the bottoming or topping stocks)
O >= C1 AND
H > O AND C < O
Easy scan:
. .
. Stochastic crossing down through 80
. .
. price per shareH Rank 72 to 99
Open>High:(Taftoony)("I
find that those opening above yesterday's high, not closing but
intraday, tend to run")
O > (H1 +
1)
Easy scan:
. . . Price per
shareH Val 16.94 to Max, Rank 64 to 99
Turn
Around Day:(Taftoony)
((C1
< C2) OR (H1 < H2 AND L1 > L2))
Prev. day was down or inside
AND
V > 1.1* AVGV4.1
at least 10% vol increase over prev 4 days
AND
((H + L) / 2) < C
current price is in the upper half of today's trading range
AND
((H  L) / 8  O) < C
current price is not more than 1/8 of today's trading range below
the open
Turn
Around Day  Deep:(Taftoony)
((C1
< C2) OR (H1 < H2 AND L1 > L2)) AND V > 1.1*AVGV4.1
same as above
AND
((H < (1.05 * O))
hasn't made a serious run yet: high not more than 5% above open
OR
(H < (1.05 * C)))
or if it has, is the curr price within 5% of the high?
AND
L < (.95 * O)
low was at least 5% below the open
AND
C > (1.02 * L)
current price is at least 2% off the low
AND
C > (.95 * O)
current price is not more than 5% below the open
Established
Trend:(asmae)(
This scan is simple, but effective for finding a stock in an established
trend.)
(AVGC13.1
< AVGC26.1 AND AVGC13 > AVGC26) OR (AVGC13.1 > AVGC26.1
AND AVGC13 < AVGC26)
Scan
for Bases:(EmJaa)(I
set up a personal criteria called "Range Percent 20 Day" as follows.
Then I sort by this criteria. The stocks with low numbers are consolidating
 high numbers are flying (up and down).
(maxh20minh20)/minh20*100
Force
Index:(cpratsch)
Elder
in his 1993 book "Trading for a Living" on page 227 brings the
formula
Force Index = Volume x (Close today  Close yesterday). I created
a watch list with highvalue Force index stocks and am watching
them for a while to see what this tells us. Low force index stocks
are going down, high force index stocks are going up. For me the
question exists how much longer they are going up once they make
the top. There are big names in the uplist, could be good for a
future market turnaround. A similar indicator may be TSV. I created
a tab with TSV 18 and TSV 4 with short moving averages and watch
this. Both TSV settings try to tell us something: The short one
TSV4 acts like RSI3.3, the longer one TSV18 has its own power. TSV
contains volume, this is the interesting point. Has anybody experience
with the force index or with short TSVs?
(C  C1)*V
Buying
Uptrending stock on low volume:(ejr39)
When volume is
really low i.e.less than 30% of 180 day moving average of volume,
you have run out of sellers and a trend change should occur .
High volume
doesn't last long and comes at extremes.
You would probably make fair returns, buying on low volume and selling
on 23X's 180 day average of volume.
Low Volume is <1/3 of 180 day MA of volume and high is
> than 200 % of 180 MA.
Best time to buy when volume is 1/3 of 180 DMA of volume.
Time to sell:
When volume is 23 times the average.
(Stay away from thinly traded stocks when using this method).
(V < ( AVGV180.1
* .3))
%
of Daily Range:(ejr39)
(((C  L) / ((H
 L) + .001)) * 100)
Time
and Money D/V:(Sputnick55)
A concept stolen
from another world. Its a "daily varience" pcf. I use it as a
sort.
If there are several stocks I like and cant choose what one, I put
this in the sort section.
It is not the determining factor, however, It can be usefull in
what issue I pick.
What is it?
It just measures the daily highs and lows and gives a weighted daily
varience.
The higher the rank the possible more increase (and loss also) the
Lower, the less increase (or safety?)
Does it work ? Well the Tech stocks are typically the top
ranked issues! (can we say ulcers?)
The Higher the rank number the more of a variance there is between
the open and close.
Or the "faster moving stocks".(it does not consider price just up/down
movement per dayso gappers are considered but the "gap space" is
not) or you can make it a % also. thats all it is.. really simple..
I use it as a sort. You can use it for what ever you like.
The higher the ranking the "faster moving" it can be..
If you put it in tc2000 you will see all the TECH stocks right up
on top. They have the highest daily varience (say aol today has
a weighted 10 day varaince of $6.56 and yhoo 11.97 ... thats a weighted
11.97+/ difference from low to high a day! Big difference than
say IBM at $2.81 a day or cpu(compusa) at $.31 per day..)
So what would be your poison ? The three scans look at it different
way, depending upon your
flavore of investing. What one you use depends on you. Try all three
and see if you like them and
what one suits your style. If any. (my style is short term, usally
under 10days. If there are a few issues I like and can't decide
what one. I throw this in the sort and the higher ranked one will
get a extra gold star on its forehead.. thats my style, your mileage
will vary)
Want to daytrade.. put the ranking at 97%+ and have a ball...
To me its just a extra tool.
#1 D/V Heavy:
(((H9  L9) *
1) + ((H8  L8) * 2) + ((H7  L7) * 3) + ((H6  L6) * 4) + ((H5
 L5) * 5) + ((H4  L4) * 6) +
((H3 L3) * 7) + ((H2  L2) * 8) + ((H1  L1) * 9)+ ((H  L) * 10))/55
#2 D/V Light:
(((H9  L9) *
4) + ((H8  L8) * 4) + ((H7  L7) * 4) + ((H6  L6) * 4) + ((H5
 L5) * 5) + ((H4  L4) * 5) +
((H3 L3) * 5) + ((H2  L2) * 6) + ((H1  L1) * 6)+ ((H  L) * 7))/50
#3 D/V None:
((H9  L9) +
(H8  L8) + (H7  L7) + (H6  L6) + (H5  L5) + (H4  L4) + (H3
 L3) + (H2  L2) + (H1  L1) +(H10  L10)) / 10
Consolidation
10 day:(For
10 days, the formula is:)
((MaxC10MinC10)/MinC10
* 100) < 0.5
Scan
for Co's that have a defined market cap:(ejr39)
In an EasyScan:
from the Criterion Library, select <Media General Fundamentals>
Select <Capitalization> Adjust Range Selector for your values.
ATR:
ATR:(ejr39)
The
True Range indicator is the greatest of the following:
True
Range INDICATORS (5 days)
. .
. 1. The distance from today's high to today's low.
((HL)+(H1L1)+(H2L2)+(H3L3)+(H4L4)/5)
. . . 2. The
distance from yesterday's close to today's high.
(((C1H)+(C2H1)+(C3H2)+(C4H3)+(C5H4))/5)
. . . 3. The
distance from yesterday's close to today's low.
(((C1L)+(C2L1)+(C3L2)+(C4L3)+(C5L4))/5)
The Average True
Range is a moving average (typically 14days) of the True Ranges.
From:
http://www.equis.com/free/taaz/avertrurang.html
Average True
Range  5 day value (moving average of the True Ranges)
((((HL)+(H1L1)+(H2L2)+(H3L3)+(H4L4))/5)+
(((C1H)+(C2H1)+(C3H2)+(C4H3)+(C5H4))/5)+
(((C1L)+(C2L1)+(C3L2)+(C4L3)+(C5L4))/5))/3
Adjust the number
of days to suit your style.
ATR:(Gahsb)
Try
this for calculating ATR (Average True Range):
((ABS(H
 L) + ABS(H1  L1) + ABS(H2  L2) + ABS(H3  L3) + ABS(H4  L4)
+ ABS(H  C1) +
ABS(H1  C2) + ABS(H2  C3) + ABS(H3  C4) + ABS(H4  C5) + ABS(L
 C1) + ABS(L1  C2) +
ABS(L2  C3) + ABS(L3  C4) + ABS(L4  C5)) / 15) /(2/3)
This
is of course only for 5 days. Expand it for as many days as desired.
If you want 20 days the "15" becomes "60" but the "2/3" remains
the same.
Congestion:
(MAXH25  MINL25)
/ (((AVGH25  AVGL25) * 25) + .001) * 100
Vertical
Horizontal Filter VHF(14):
http://www.equis.com/free/taaz/verthorizfilter.html
< Probably
the biggest dilemma in technical analysis is determining if prices
are
trending or are in a tradingrange. Trendfollowing indicators
such as the MACD
and moving averages are excellent in trending markets, but
they usually generate
multiple conflicting trades during tradingrange (or "congestion")
periods.
On the other hand, oscillators such as the RSI and Stochastics
work well when prices fluctuate within a trading range, but they
almost always close positions prematurely during trending markets.
The VHF indicator ATTEMPTS to determine the "trendiness" of
prices to help you decide which indicators to use. >
Last
Updated: 02162001
VHF(14) PCF:
(MAXC14MINC14)/(.001+ABS(CC1)+ABS(C1C2)+ABS(C2C3)+ABS(C3C4)+ABS(C4C5)+
ABS(C5C6)+ABS(C6C7)+ABS(C7C8)+ABS(C8C9)+ABS(C9C10)+ABS(C10C11)+ABS(C11C12)+
ABS(C12C13)+ABS(C13C14))
The
VHF PCF simply defines a Range for the past 14 days –
the highest high (resistance) and the lowest low (support).
Trending
stocks – both up and down – have higher VHF values;
use trendfollowing or lagging indicators such as MACD, moving averages,
and Bollinger Bands
(Volitility).
‘Range bound’ or consolidating stocks have lower
VHF values. Oscillators, the anticipatory indicators, including
Wilder’s RSI, Stochastics, Momentum, StochRSI, Williams %R,
and the Ultimate Oscillator work well when prices fluctuate within
a trading range. For a quick visual of the price’s direction,
apply a 14day Linear Regression line to the price chart. Adjust
the VHF PCF to suit your investment style.
Price
Action Indicator(PAIN):(ejr39)
If you
were only given today's open, high, low and close, how could you
make heads or tails of it? The Price Action Indicator (PAIN) can
help. The formula returns a single value that weighs
. .
. 1. intraday momentum (CO)
. .
. 2. Late Selling Pressure (LSP) (CL)
. .
. 3. Late Buying Pressure (LBP) (CH)
The
output is shown to be consistent with the interpretation of Japanese
candlestick patterns. See Michael B. Geraty (1997). "Getting Better
Directions" Futures Vol. 26: Aug.
PAIN:
((CO)+(CH)+(CL))/2
PAIN can help
separate winning spreads from loosing spreads! A stock’s price
must have momentum to continue a move. If the intraday momentum
(CO) is too narrow, the day’s price action lacks momentum;
i.e. if the intraday momentum is a doji (C = O) or a near doji,
the price action is decisive and lacks momentum. If the Close is
near the Low (LSP), the stock’s price is under selling pressure
– the Bears are ‘pushing’ the price down. If the
Close is near the High (LBP), the stock’s price is under buying
pressure – the Bulls are ‘driving’ the price up.
So, if the overall market conditions remain favorable, a high PAIN
value with the close near the high (LBP) will be an excellent potential
long.
EasyScan filter
for PAIN:
. .
.volume5day
. .
.volume90day
. .
.capitalization
. .
.BOP value today
Other
suggestions: Is
the stock trading within a range or trending? Or is it a breakout?
If you are unsure, try the Vertical Horizontal Filter. Yes, the
stock can trend within the range i.e. rolling stock; support (MINLnperiods)
and resistance (MAXHnperiods) define the range. If the stock is
trading within a range, which oscillators and what time frames will
you apply? If the stock is trending, what moving averages will be
in the ‘stack’? Which moving average will be the trigger?
What is the MACD’s time frame? Is an MACD divergence evident?
What is the Momentum time frame?
Breakouts:
Is it
a breakout based on moving averages (trend) i.e. 2/20day BreakOut?
http://www.traders.com/Documentation/FEEDbk_docs/Archive/1296/Abstracts1296/1296Landry.html
http://www.traders.com/Documentation/FEEDbk_docs/Archive/1296/Abstracts1296/2_20
DaySdbar.html
2/20day
breakout:
(L2<AVGC20)AND(L1>AVGC20)AND(L>AVGC20)
Consolidation
breakout(upside) – translated from
MS:
((MAXC80MINC80)/(.001+MINC80))*100>=10AND((MAXC80.5MINC80.5)/(.001+MINC80.5))*100<
10AND(C>MAXC80.5AND(AVGV5>=(1.5*AVGV60.5))
Is the stock
being accumulated i.e. BOP greater than its 10dma? Now, looking
at candlestick charts with the PAIN sort values in the left window
decide which values have enough LBP and intraday momentum for the
stock’s price to continue upward? Adjust the PAIN EasyScan
Range Selector Rank or Value to fit your observations of the candlestick
charts.
P.S.
Befriend the trend, maintain a DNS WatchList containing trending
stocks – check the club’s website for DNS PCFs.
http://www.tradeon.com/tradeon/tc2000/index.html
Scans
for 410 week basing pattern:(ejr39)
Trending
/ Consolidating (4) (for 4 weeks or 20 trading days):
(MAXH20MINL20)/(.001+(AVGH20AVGL20)*20)*100
Trending
/ Consolidating (8) (for 8 weeks or 40 trading days):
(MAXH40MINL40)/(.001+(AVGH40AVGL40)*40)*100
Equis
Consolidation Index:
((MAXC80MINC80)/(.001+MINC80))*100
http://www.equis.com/free/hotstocks/upbreak.htm
http://www.equis.com/free/hotstocks/dnbreak.htm
EasyScan:
From
the Criterion Library select
<Technical>
. .
<Price as Percent of 52 Week High H> (Value) 90 to Max
<Personal
Criteria>
. .
.<Trending / Consolidating (4) PCF>. . . (Value) Min to 20
OR
. .
.<Trending / Consolidating (8) PCF>. . . (Value) Min to 20
OR
. .
.<Equis Consolidation Index PCF >. . .(Value) Min to 20
Add
minimum price per share, 5day and 90day volume, and capitalization
criteria to eliminate closed end funds, illiquid stocks, and penny
stocks. Adjust the Consolidating / Consolidation PCFs for % range
in which you wish consolidation.
PullBack
ScanHelp:(ejr39)
C within 90%
of MAXH:
(C > MAXH250
* .9)
or
(C > MAXH125
* .9)
or
(C > MAXH60
*.9)
From Big Dog
Bounce bdb pullback:
(MAXH5.1 >
C * 1.1)
or
5 down days (pullback):
H5>H4ANDH4>H3ANDH3>H2ANDH2>H1ANDH1>HANDL5>L4ANDL4>L3ANDL3>L2ANDL2>L1ANDL1>L
or
4 down days (pullback):
H4>H3ANDH3>H2ANDH2>H1ANDH1>HANDL4>L3ANDL3>L2ANDL2>L1ANDL1>L
. . . In an EasyScan,
add 1 <C within 90% of MAXH> PCF and 1 <pullback> PCF.
Suggestions:
To the
EasyScan, add capitalization, 5day and 90day volume criteria to
eliminate closedend funds and illiquid stocks add a custom DAHL
that includes the number of days in the MAXH PCF to assure stock
is uptrending. add price per share criteria greater than $10.
Equis
Consolidation Index:(ejr39)
Equis
consolidation index upbreak:
((MAXC80.5MINC80.5)/(.001+MINC80.5))*100<10AND((MAXC80MINC80)/(.001+MINC80))*100>=10AND
(C>MAXC80.5)AND(AVGV5>=AVGV60.5*1.5)
http://www.equis.com/free/hotstocks/upbreak.htm
Equis
consolidation index downbreak:
((MAXC80.5MINC80.5)/(.001+MINC80.5))*100<10AND((MAXC80MINC80)/(.001+MINC80))*100>=10AND
(C<MINC80.5)AND(AVGV5>=AVGV60.5*1.5)
http://www.equis.com/free/hotstocks/dnbreak.htm
Consolidating:(babynuke)
(MAXH25  MINL25)
/ (((AVGH25  AVGL25) * 25) + .001) * 100
Breaking
up/down out of a trading range:(Hammerhead
Jake)
I just recently
updated my TC2000 account and have been playing with a few scans
that bring up stocks that have just broken up or down out of a trading
range. Below is the basic formula for stocks breaking down:
(MAXH20  MINL20)/(MAXH20
+ MINL20)/2 < .15 AND C < MINL20.1
The formula can
be backtested by the following:
(MAXH20.60 
MINL20.60)/(MAXH20.60 + MINL20.60)/2 < .15 AND C60 < MINL20.61
This will return
the same results as the first, but 60 days in the past. The formula
can be reversed for finding stocks that are breaking up out of a
trading range:
(MAXH20  MINL20)/(MAXH20
+ MINL20)/2 < .15 AND C > MAXH20.1
Finding
IPO's:(ejr39)
#0 IPO:
C40
or
C’9/28/99’
Adjust
the number of days in the past or the calendar date to see that
day's Closing value. Calculate for all stocks. Update all criteria.
At the main chart screen, select All Stocks from the WatchList dropdown
menu select #0 IPO PCF from the Sort dropdown menu. Move the Chart
List window’s slider (at the right side of the window) down
to the bottom of the list; those stocks with a blank value are new
to the exchanges
–
probably IPOs.
Pennant
Formations:
Pennant
Formations:(joebhernandez)
I use this scan
that works pretty good for pennants:
MAXC20 >=
C * 1.15 AND C >= AVGC40
You can also
filter it further using something like this:
( AVGH5  AVGL5
) / 2  (AVGH34  AVGL34 ) / 2
You're looking
for a negative number for stocks consolidating so you could add
" < 0 to 2nd scan or leave it that way and look at the actual
number.
Pennant
Formations:(ejr39)
(MAXH5<MAXH10)AND(MAXH10<MAXH20)AND(MINL5>MINL10)AND(MINL10>MINL20)
PCF is best used
with bar charts and confirmed by trendlines.
Updated: 111801 Bollinger
Bands:(ejr39)
This tutorial
on BBands by Mr. Bollinger is a MUST READ  Introduction 
http://www.bollingerbands.com/bb_tutorial_1.asp
Introduction
to %b and Band Width 
http://www.bollingerbands.com/bb_tutorial_5.asp
Figure 7 within
the %b and Band Width section shows formulas for Band Width and
%b.
Avoiding
Multiple Counting:
(or the use of indicators derived from the same data to confirm
each other)
http://www.bollingerbands.com/bb_tutorial_6.asp
%b (From the
InSync Index):
(C(AVGC20(C*.01)))/(.001+((AVGC20+(C*.99))(AVGC20(C*.01))))
Band Width:
(((AVGC20+(C*.99))(AVGC20(C*.01)))/(.001+AVGC20))
"The indicator
%b tells us where we are WITHIN the bands…" "At 100 we are
at the upper band, at 0 we are at the lower band. Above 100 we are
above the upper bands and below 0 we are below the lower band."
"Indicator %b lets us compare price action to indicator action."
(repeat) COMPARE PRICE ACTION TO INDICATOR ACTION i.e. Stochastics
< 20 AND %b < (0) or RSI > 80 AND %b < 100
From Kevin Haggerty’s
ShortTerm Volatility Trading Bands article:
www.tradehard.com
(trial or full membership required)
. .
under Advanced Trader’s Strategies
"Remember,
don’t take a position blind at the trading bands. There must
be some reversal pattern out of the level as the stock and market
dynamics tell you it’s a go.
%b – Upper
Band:
(C(AVGC20(C*.99)))/(.001+((AVGC20+(C*.99))(AVGC20(C*.01))))*100
%b – Lower
Band:
(C(AVGC20(C*.01)))/(.001+((AVGC20+(C*.99))(AVGC20(C*.01))))*100
%b – Mid
Band:
(C(AVGC20(C*.5)))/(.001+((AVGC20+(C*.99))(AVGC20(C*.01))))*100
For
comparison to the Bollinger Bands, use the extreme relative values
in EasyScans or Sorts. In the overall scheme, I'm finding I prefer
to make the comparison between price action to indicator action
using the Mid Band PCF.
===
Updated:
111801
Bollinger
Band PCFs Message
106 by jdh1344
http://clubs.yahoo.com/clubs/auxiliarytc2000usergroup
Upper band
AVGC20
+ 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3
* C3 + C4 * C4 + C5 * C5 + C6 *C6 + C7* C7 + C8 * C8 +
C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13 *
C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17 +
C18 * C18 + C19 * C19)  (AVGC20*20) * (AVGC20*20)) /
(20 * 20))
C
above upper band
C>(AVGC20
+ 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 +
C3 * C3 + C4 * C4 + C5 * C5 + C6 *C6 + C7* C7 + C8 *
C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13
* C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17
+ C18 * C18 + C19 * C19)  (AVGC20*20) * (AVGC20*20))
/ (20 * 20)))
Lower
band
AVGC20
 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3
* C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 + C8 * C8
+ C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13 *
C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17 +
C18 * C18 + C19 * C19)  (AVGC20 * 20) * (AVGC20 *
20)) / (20 * 20))
C
below lower band
C<(AVGC20
 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 +
C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 + C8 *
C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13
* C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17
+ C18 * C18 + C19 * C19)  (AVGC20 * 20) * (AVGC20 *
20)) / (20 * 20)))
Mid
band
AVGC20
Band width = upper band  lower band / middle band
(Those with lower values are contracted, higher values are expanded)
((AVGC20
+ 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 +
C3 * C3 + C4 * C4 + C5 * C5 + C6 *C6 + C7* C7 + C8 *
C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13
* C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17
+ C18 * C18 + C19 * C19)  (AVGC20 * 20) * (AVGC20 *
20)) / (20 * 20)))  (AVGC20  2 * SQR((20 * (C * C +
C1 * C1 + C2 * C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 *
C6 + C7 * C7 + C8 * C8 + C9 * C9 + C10 * C10 + C11 *
C11 + C12 * C12 + C13 * C13 + C14 * C14 + C15 * C15 +
C16 * C16 + C17 * C17 + C18 * C18 + C19 * C19) 
(AVGC20 * 20) * (AVGC20 * 20)) / (20 * 20)))) / AVGC20
%b
= close  lower band / upper band  lower band
(Tells where close is "percentage wise" within the band)
(C
 (AVGC20  2 * SQR((20 * (C * C + C1 * C1 + C2 *
C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 +
C8 * C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12
+ C13 * C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17
* C17 + C18 * C18 + C19 * C19)  (AVGC20 * 20) *
(AVGC20 * 20)) / (20 * 20)))) / (((AVGC20 + 2 *
SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3 * C3 + C4 *
C4 + C5 * C5 + C6 *C6 + C7* C7 + C8 * C8 + C9 * C9 +
C10 * C10 + C11 * C11 + C12 * C12 + C13 * C13 + C14 *
C14 + C15 * C15 + C16 * C16 + C17 * C17 + C18 * C18 +
C19 * C19)  (AVGC20 * 20) * (AVGC20 * 20)) / (20 *
20)))  (AVGC20  2 * SQR((20 * (C * C + C1 * C1 + C2
* C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7
+ C8 * C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 *
C12 + C13 * C13 + C14 * C14 + C15 * C15 + C16 * C16 +
C17 * C17 + C18 * C18 + C19 * C19)  (AVGC20 * 20) *
(AVGC20 * 20)) / (20 * 20)))))
Message
108 by jdh1344
http://clubs.yahoo.com/clubs/auxiliarytc2000usergroup
The
last two formula come from John Bollinger's website:
http://www.bollingerbands.com/services/bb/bandwidth.asp
where
he briefly tells you how he uses them.
The
width formula expresses bandwidth as a percentage of the moving
average. It may not be all that predictive of a visual squeeze pattern.
It seems to me that a visual squeeze would be somewhat relative
to the previous bandwidth that a given stock had been in.
He indicates that when bandwidth drops below 2% (.02 ) a sharp expansion
in volatility usually occurs in the very near future.
%b is quite useful as it seems to me.
If you
use it as a qualifying PCF in the sort window against any given
WatchList, speaking of the close, anything above 1.0 is above the
top band, anything at 1.0 is on the top band anything at .5 is at
midband anything at 0.0 is on the lower band anything 0.01and
lower is below the lower band.
EF
ratio:(BigJDawson)
Was
doing some house cleaning on my files, thought some of you might
be interested in this. It is Perry Kaufman's "Efficiency Ratio",
also known as fractal efficiency. It is supposed to determine how
smooth a move is, or a market is. He uses it over a longer time
frame, or uses rolling periods to see the tendancy of a market.
A smoother market is better for trend following systems. Generally
he is refering to futures markets because certain ones have a tendancy
to trend more than others. But it also works with stocks. His original
formula doesn't go from + to , so you don't know the trend direction.
This one does. Basically, the more movement it takes to get from
point A to B, the choppier the market is. If it makes a straight
line it is more efficient. And hopefully less moves against you
along the way. Two things to watch for is a market with a spike,
or is flat will have a high value. So it is best to use with another
filter such as a momentum indicator to eliminate the flat liners.
I also adapted it using monthly periods which worked well, but took
too long to update and other methods work as well. The higher the
numbers
the better.
(C  C20) / (
(ABS(C  C1) + ABS(C1  C2) + ABS(C2  C3) + ABS(C3  C4) + ABS(C4
 C5) +
ABS(C5  C6) + ABS(C6  C7) + ABS(C7  C8) + ABS(C8  C9) + ABS(C9
 C10) + ABS(C10  C11) +
ABS(C11  C12) + ABS(C12  C13) + ABS(C13  C14) + ABS(C14  C15)
+ ABS(C15  C16) +
ABS(C16  C17) + ABS(C17  C18) + ABS(C18  C19) + ABS(C19  C20)
) + .001)
Price
% change:(ejr39)
One week percent
change:
((CC5)/(.001+C5))*100
Less than 7.5%:
((CC5)/(.001+C5))*100<=7.5
AND ((CC5)/(.001+C5))*100>.01
1day
reversal:(ejr39)
Swing Low Pattern
1:
((L1<=MINL21)AND(L2>L1)AND(L>L1))
or
Swing Low Pattern
2:
((L2<=MINL21)AND(L4>L3)AND(L3>L2)AND(L1>L2)AND(L>L1))
or
Swing Low Pattern
3:
((L3<=MINL21)AND(L6>L5)AND(L5>L4)AND(L4>L3)AND(L2>L3)AND(L1>L2)AND(L>L1))
Indicator Tab#:
Top
Price
– Candlestick Chart.
You’ll
be amazed at how quickly you’ll see the 1day reversal patterns
(Swing Lows) on the charts. As you gain confidence, look back to
see how often the pattern appears on the charts. Within a couple
of weeks, you’ll be finding 1day reversals without the aid
of the PCFs.
How
does one find the profitable 1day reversal pattern trades?
Indicator Tab#:
Top
Price
– Open Bar Chart.
. .
.Linear Regression – 5 bar period
Middle
Stochastics
Period:5 SK:1 SD:3 – Exponential
(SK
Drawing Color – Black; SD Drawing Color – Red; check Visible;
Drawing Style – Normal
. .
. Linear Regression – 5 bar
Wilder’s
RSI – Period:14; Average: 3 – Exponential
. .
. Linear Regression – 5 bar
Bottom
Volume
Bars – Rising Color – Grey; Falling Color – Gray;
check Visible
CMS
(or OBV)
. .
. Bollinger Band –13 bar; Width 10 (1 StdDev)
(See
message 7856 if you’d prefer to use a moving average or an
envelope channel.)
On another Indicator
Tab#:
MACD
– Short:12 Long:26 Period:9 – Exponential
. .
.Linear Regression – 10 bar period
From
a WatchList of STRONGLY UPTRENDING stocks (Messages for creating
such lists are listed below) Look for divergences along the hard
right edge of the chart. Obviously, the price is in an intermediate
downtrend. Has the Stochastics %D line, the RSI, or the MACD turned
up (divergence)? OR is the Stochastics %D line, the RSI, or the
MACD hooking up (beginning of a divergence)? Has the CMS (or OBV)
broken out? (See message 7856) Now, adjust the indicators and oscillators
to fit YOUR trading / investing style. Again, as you gain confidence,
look back to see how often the pattern was profitable on the charts.
Outside
day:(irvingb1)
I have a PCF
to share. I got some variant of it here some time ago and have found
it useful in finding stocks in a turnaround situation. It's an outside
day or days locator. Yesterday I found STRX picked at the opening
today. There are only a few a day to check out.
O<C AND O1>C1
AND O<C1 AND C>O1 AND L2<L3 AND L3<L4
. .
. Price Percent VALUE RANK
. .
. Change todayH 5 to Max 92 to 99
. .
. Volume surge todayH 75.33 to max 49 to 99
Outside
day up >3%:
(C>(C1*1.03))
AND C>H1 AND O<L1
Directional
Movement:(ejr39)
"Directional
movement is essentially the part of a price bar that falls outside
the prior price bar’s range." From Capturing Trends with the
ADX by Dave Landry (Traders Learning Section)
http://www.tradehard.com
"…price
action above yesterday’s high is positive directional movement
(+DM)"
 today’s
high is higher than yesterday’s high AND today’s low is
higher than yesterday’s low OR
 if
today is an outside day (today’s high is higher than yesterday’s
high AND today’s low is lower that yesterday’s low), use
the larger of today’s high minus yesterday’s high OR yesterday’s
low minus today’s low.
+DM (14period):
((((H>H1ANDL>L1)OR(H>H1ANDL<L1ANDHH1>L1L))AND(HH1))+
(((H1>H2ANDL1>L2)OR(H1>H2ANDL1<L2ANDH1H2>L2L1))AND(H1H2))+
(((H2>H3ANDL2>L3)OR(H2>H3ANDL2<L3ANDH2H3>L3L2))AND(H2H3))+
(((H3>H4ANDL3>L4)OR(H3>H4ANDL3<L4ANDH3H4>L4L3))AND(H3H4))+
(((H4>H5ANDL4>L5)OR(H4>H5ANDL4<L5ANDH4H5>L5L4))AND(H4H5))+
(((H5>H6ANDL5>L6)OR(H5>H6ANDL5<L6ANDH5H6>L6L5))AND(H5H6))+
(((H6>H7ANDL6>L7)OR(H6>H7ANDL6<L7ANDH6H7>L7L6))AND(H6H7))+
(((H7>H8ANDL7>L8)OR(H7>H8ANDL7<L8ANDH7H8>L8L7))AND(H7H8))+
(((H8>H9ANDL8>L9)OR(H8>H9ANDL8<L9ANDH8H9>L9L8))AND(H8H9))+
(((H9>H10ANDL9>L10)OR(H9>H10ANDL9<L10ANDH9H10>L10L9))AND(H9H10))+
(((H10>H11ANDL10>L11)OR(H10>H11ANDL10<L11ANDH10H11>L11L10))AND(H10H11))+
(((H11>H12ANDL11>L12)OR(H11>H12ANDL11<L12ANDH11H12>L12L11))AND(H11H12))+
(((H12>H13ANDL12>L13)OR(H12>H13ANDL12<L13ANDH12H13>L13L12))AND(H12H13))+
(((H13>H14ANDL13>L14)OR(H13>H14ANDL13<L14ANDH13H14>L14L13))AND(H13H14)))
"…price
action…below yesterday’s low is negative directional movement
(DM)."  today’s low is lower than yesterday’s low AND
today’s high is lower than yesterday’s high OR  if today
is an outside day (today’s high is higher than yesterday’s
high AND today’s low is lower that yesterday’s low), use
the larger of today’s high minus yesterday’s high OR yesterday’s
low minus today’s low.
DM (14period):
((((L<L1ANDH<H1)OR(H>H1ANDL<L1ANDHH1<L1L))AND(L1L))+
(((L1<L2ANDH1<H2)OR(H1>H2ANDL1<L2ANDH1H2<L2L1))AND(L2L1))+
(((L2<L3ANDH2<H3)OR(H2>H3ANDL2<L3ANDH2H3<L3L2))AND(L3L2))+
(((L3<L4ANDH3<H4)OR(H3>H4ANDL3<L4ANDH3H4<L4L3))AND(L4L3))+
(((L4<L5ANDH4<H5)OR(H4>H5ANDL4<L5ANDH4H5<L5L4))AND(L5L4))+
(((L5<L6ANDH5<H6)OR(H5>H6ANDL5<L6ANDH5H6<L6L5))AND(L6L5))+
(((L6<L7ANDH6<H7)OR(H6>H7ANDL6<L7ANDH6H7<L7L6))AND(L7L6))+
(((L7<L8ANDH7<H8)OR(H7>H8ANDL7<L8ANDH7H8<L8>L7))AND(L8L7))+
(((L8<L9ANDH8<H9)OR(H8>H9ANDL8<L9ANDH8H9<L9L8))AND(L9L8))+
(((L9<L10ANDH9<H10)OR(H9>H10ANDL9<L10ANDH9H10<L10L9))AND(L10L9))+
(((L10<L11ANDH10<H11)OR(H10>H11ANDL10<L11ANDH10H11<L11L10))AND(L11L10))+
(((L11<L12ANDH11<H12)OR(H11>H12ANDL11<L12ANDH11H12<L12L11))AND(L12L11))+
(((L12<L13ANDH12<H13)OR(H12>H13ANDL12<L13ANDH12H13<L13L12))AND(L13L12))+
(((L13<L14ANDH13<H14)OR(H13>H14ANDL13<L14ANDH13H14<L14L13))AND(L14L13)))
Warning:
the PCFs calculate quickly BUT require time to finish the Personal
Criteria Update – the system may appear to hang during the
Personal Criteria Update – so, please be patient; I suggest
a loonnngggg break, a movie, or a game of Monopoly. The
Sort Value (right column under Sort window’s Ascending / Descending
radio buttons) is numeric; EasyScan has Range Selectors for the
numeric values. A +DM value indicates that most of the price action
during the past 14 days has been near the highs; a DM value indicates
that most of the price action during the past 14 days has been near
the lows. Use VHF to measure the strength of the trend. The direction
of the trend is determined by comparing +DM to –DM. The market
is uptrending if +DM is greater than –DM; the market is downtrending
if –DM is greater than +DM.
This
isn’t DMI or ADX – no Average True Range (ATR) values.
Average
Daily Range:(Nasshorn00)
To get stocks
who had an average daily range of 4 points or more over 3 days do
the following.
((HL)+(H1L1)+(H2L2))/3>4
Now if you want
to make the average daily range different than 4 just change the
4 at the end of the PCF to whatever number you want. If you want
to change the number of days to more than 3 (such as 20) then just
keep adding "+(HxLx)" making the x increasingly higher each time
until it is one number less than the period you are looking for
such as "+(H19L19)". Then change the /3 to /"whatever number you
are using", such as 20.
ADXR:
ADXR
indicator:(BigJDawson)
It would be difficult
to program, but there are other momentum indicators that would come
close. Here is one that I use occasionally and though it is unsmoothed,
it is pretty close to the ADXR (highly correlated) just the numbers
are different. Basically an Up/Down indicator. It gives some very
interesting picks when you sort a watch list by it. Check it out
and let me know what you think. I also sometimes use a very long
term version of it to get long term smooth uptrends.
(( (C  C1)  .001 ) / ( ABS ( (C  C1)  .001) ) )) + (((C1 
C2)  .001 ) / ( ABS ((C1  C2)  .001)))) +
(((C2  C3)  .001 ) / ( ABS ((C2  C3) .001)))) + (((C3  C4)
 .001 ) / ( ABS ((C3  C4)  .001)))) +
(((C4  C5)  .001 ) / ( ABS ((C4  C5)  .001)))) + (((C5  C6)
 .001 ) / ( ABS ((C5  C6)  .001)))) +
(((C6  C7)  .001 ) / ( ABS ((C6  C7)  .001)))) + (((C7  C8)
 .001 ) / ( ABS ((C7  C8)  .001)))) +
(((C8  C9)  .001 ) / ( ABS ((C8  C9)  .001)))) + (((C9  C10)
 .001 ) / ( ABS ((C9  C10)  .001)))) +
(((C10  C11)  .001) / (ABS((C10  C11)  .001)))) + (((C11  C12)
 .001) / (ABS((C11  C12)  .001)))) +
(((C12  C13)  .001) / (ABS((C12  C13)  .001)))) + (((C13  C14)
 .001) / (ABS((C13  C14)  .001)))) +
(((C14  C15)  .001) / (ABS((C14  C15)  .001)))) + (((C15  C16)
 .001) / (ABS((C15  C16)  .001)))) +
(((C16  C17)  .001) / (ABS((C16  C17)  .001)))) + (((C17  C18)
 .001) / (ABS((C17  C18)  .001)))) +
(((C18  C19)  .001) / (ABS((C18  C19)  .001))))
Dahl
Trend Indicator:(ejr39)
(Curtis) DAHL's
simple TREND INDICATOR takes a stock's 50 day simple moving average
and compares it to 15 days ago. If it's positive then the trend
is up; if it's negative then the trend is down.
(avgc50avgc50.15)
DAHL’s formula
has since been modified by using Fibinacci numbers DAHL(55) PCF:
(AVGC55  AVGC55.15)
> 0
Use DNS for populating
a bulleted WatchList of trending stocks. The custom Dahl's value
is an indication of the trend's strength. A Dahl(34)
(AVGC34 AVGC34.9)
Downtrending
stocks have negative Dahl values. Befriend the trend, use the Dahl
value to confirm the strenth of the trend. Or "an object in motion...".
Dahl is a ‘backdrop’ upon which to play. If you wish a
shorter trend indicator, create a custom DAHL. To create a custom
DAHL, the factor is 0.273 (rounded to the nearest whole number)
i.e. if your short term trend is 13 days, 13 times 0.273 equals
4; the DAHL(13) PCF is:
(AVGC13  AVGC13.4)
> 0
If your long
term trend is 34 days, 34 times 0.273 equals 9; the DAHL(34) PCF
is:
(AVGC34 AVGC34.9)
> 0
Dead
Cat Bounce:(ejr39)
This is based
on the dead cat bounce (dbc) or slam In TC2000, create 2 Personal
Criteria Formulas (PCF's)
dbc:
(L < (L1 *
0.89) OR L < (L2 * 0.89) OR L < (L3 * 0.89))
GBS Short:
(AVGV42.1 >=
1000) AND (V >= (1.5 * AVGV42.1)) AND (C < AVGC42.1) AND ((C1
 C) > 1)
EasyScan:
. .
. dbc(PCF)
. .
. Capitalization (rank) 6099
. .
. Price per share  H (value)  I use 12  Max
. .
. Volume  5day  H (rank) 70  99
. .
. Volume  90 day (rank) 75  99
Sort
scan using: all stocks
On a
morning when the general market is down but struggling to go up
about 10:30 EST, update TC2000, update PCF's.
From
the WatchList choose the dbc EasyScan (lightening bolted list).
Copy
the EasyScan dbc to a new Watchlist: dbc  mm/dd.
In WatchList
Window, click dbc  mm/dd (bulleted list).
In Sort
By Window, click GBS Short. (F)lag the stocks with a Sort Value
of True  these are "real"shorts. You are looking for the long
stocks hit by the market's bad news. If you have any PCF's for shorts,
use 'em now to flag any other "real" shorts.
In Sort
By Window, click Volume 1day  H. (F)lag the stocks with a Sort
Value less than 1000(00) shares  use volume during the first 3040
minutes of trading to gauge the fear and panic of each stock's sell
off.
In Sort
By Window, click Volume Surge Today  H. (F)lag the stocks with
a Sort Value less than 85 or 90  you are looking for "panic selling".
Pull
down the WatchList menu, click Remove Symbols, click Flagged.
Sort
By Price vs 40 Day Moving Average, remove the stocks with a Sort
Value less than 85 or 90  stocks in a strong uptrend. (F)lag and
remove any stocks with an Open greater than the Close  stock price
is continuing to drop since the market's open. (If you are comfortable
with the concept, use Price Candlesticks, simply (F)lag and remove
any stocks with a solid body User's Guide, page 32).
(F)lag
and remove any stocks with little or no price change  dojis.
Walla,
good stocks hit by today's bad news.
Look
for big gaps down AND a strong move from the open to the time of
the download.
(The
higher the building a dead cat is dropped from, the higher the stiff
body bounces).
Quickly
check your favorite news service for additional news on any stocks
in your list.
(F)lag
and remove any stocks that are hit by bad news of their own.
Your
list now includes uptrending stocks hit by the market's bad news
 great buying opportunities or a simple "in for a $1 + commissions"
daytrade.
Check
this list of stocks the following morning, the better stocks in
the list will continue to recover giving you additional buying opportunities
and/or simple daytrades.
IBD:
IBD:(ejr39)
Quotes Plus Relative
Strength Indicator:
(((C / (.001
+ C62)) * .04) + ((C63 / (.001 + C125)) * .02) + ((C126 / (.001
+ C188)) * .02) + ((C189 / (.001 + C251)) * .02)) * 100
What Works on
Wall Street Relative Strength Indicator:
C / (C250 + .001)
HiFlyers
(corrected no frills version):
((C  C250) /
(C250 + .001)) + ((C  C63) / (C63 + .001)) + ((C  C21) / (C21
+ .001))
IBD:(Antonio)
Here are the
formulas that IBD uses when highlighting stocks with high volume
and 1/2 point change. The formula was modified to only look at stocks
with 50day avg. > 70K shares. One can also add the price check
that IBD does (price >= $16.0)
Positive gainers:
((V/(AVGV50.1+1.0))1.0)*100>39
AND (CC1)>=0.50 AND AVGV50>700
Negative gainers:
((V/(AVGV50.1+1.0))1.0)*100>39
AND (CC1)<=(O0.50) AND AVGV50>700
Industry
Groups:(mcsteiny)
Went to TC Industry
groups, and sorted them descending, with my PCF: "RSI Increasing
5 Days in a Row."
(RSI14.1>RSI14.1.1>RSI14.1.2>RSI14.1.3>RSI14.1.4>RSI14.1.5)
This represents
a trading week... take the first 10 or 15 groups, and create a watchlist;
"Most Active Industry Groups." I use the Media General industry
groups, and I transfer them over to the new watch list.
Bull DTA: updated:
051001
(Bull) DayTraders Advantage (message 9242 by ejr39) From
BigEasy Investor:
DTA
$1 Bull
“… indicates how often a stock will move up at least $1.00
above its opening price. The stock does not have to close $1.00
above its opening price for a positive DTA $1.00 bull rating to
be registered. A DTA $1.00 Bull rating of 90 means that 90% of the
time the stock has moved at least $1.00 above its opening price
during the trading day. Measurement period is the most recent three
weeks.”
#1.1
$1 (Bull) 15day DTA PCF
(((H >O+1AND((C+1)C))+
(H1>O1+1AND((C+1)C))+
(H2>O2+1AND((C+1)C))+
(H3>O3+1AND((C+1)C))+
(H4>O4+1AND((C+1)C))+
(H5>O5+1AND((C+1)C))+
(H6>O6+1AND((C+1)C))+
(H7>O7+1AND((C+1)C))+
(H8>O8+1AND((C+1)C))+
(H9>O9 +1AND((C+1)C))+
(H10>O10+1AND((C+1)C))+
(H11>O11+1AND((C+1)C))+
(H12>O12+1AND((C+1)C))+
(H13>O13+1AND((C+1)C))+
(H14>O14+1AND((C+1)C)))/15)*100
****
Remove all spaces before Updating DTA PCF
Test
using IBM; the Test = True
SUGGESTION:
Create an “Opportunity” WatchList containing strongly
uptrending stocks!
In the “Calculate For” window, select the “Opportunity”
WatchList Avoid “Calculate For” All Stocks.
Warning:
the PCF calculates quickly BUT requires time to finish – the
system may appear to hang during the Personal Criteria Update –
so, please be patient; I suggest a loonnngggg break, a
movie, or a game of Monopoly.
The
Sort Value (right column under Sort window’s Ascending / Descending
radio buttons) is numeric (%); EasyScan has Range Selector for the
numeric values.
++++++++++++++++++++++++
PCF
Explanation: When the high price during each day was
at least $1 greater than the Opening price, 1 is added to the counter;
the total is divided by 15days (3weeks) and multiplied by 100
for the percent value.
For DTA Bear PCF , use (L 1 < O)
For
any programmers in the group: ((C+1)C))
is a loop counter i.e. each day that the condition is met, the counter
is incremented by 1. The loop counter can be constructed using High,
Low, Open, Close, Volume, etc. OR if you prefer, (message 15290
by jas0501)
Note: ((C+1)C) can be replaced with
(1)
DTA
Bull PCF (15 day)
(((H>O+1AND(1))+
(H1>O1+1AND(1))+
(H2>O2+1AND(1))+
(H3>O3+1AND(1))+
(H4>O4+1AND(1))+
(H5>O5+1AND(1))+
(H6>O6+1AND(1))+
(H7>O7+1AND(1))+
(H8>O8+1AND(1))+
(H9>O9 +1AND(1))+
(H10>O10+1AND(1))+
(H11>O11+1AND(1))+
(H12>O12+1AND(1))+
(H13>O13+1AND(1))+
(H14>O14+1AND(1)))/15)*100
The
trick used here is ((1) AND (1)) becomes 1. Alternatively ((1)
* (1)) would also.
The first (1) being the TRUE result of the boolean expression.
For FALSE it would be ((0) and (1)) which would be 0.
The
sum of the days where the H is $1 over the open dived by 15 * 100
gives the percentage of the days where the H is greater than the
open by at least $1.
Trend KnockOut(TKO):(ejr39)
From "The tradehard.com
GUIDE to Conquering the Trading Markets"
TREND KNOCKOUT:
 The
Trend Knockout is a shakeout strategy.
 Identify
strongly trending markets as measured by ADX or high Relative Strength
Values.
 Substitute
high VHF values for ADX
Trend KnockOut
(Long):
Rules:
1) ADX
must be more than 25 and the +DI more than the –DI ... or IBD
Relative Strength Value >= 98.
2) Today’s
low must be the low of the two previous days. (L<L1) AND (L<L2)
3) Tomorrow,
buy 1/8 above today’s high.
4) Protective
stop: just below today’s low.
5) Exit
in 13 days. Use trailing stop.
Trend KnockOut
Long Alert PCF:
((L<L1)AND(L<L2))
Add the Trend
KnockOut Long Alert PCF to an EasyScan that includes either the
VHF PCF, and the +DI PCF (At the main chart screen, Sort with –DI
PCF) OR the QP2 Relative Strength Value PCF. Adjust the values.
Trend KnockOut
(Short):
Rules:
1) ADX
must be more than 25 and the DI more than the +DI
2) Today’s
high must be the high of the two previous days. (H<H1) AND (H<H2)
3) Tomorrow,
sell short 1/8 below today’s low.
4) Protective
stop: just above today’s high.
5) Exit
in 13 days. Use trailing stop.
Trend KnockOut
Short Alert PCF:
((H<H1)AND(H<H2))
Add the Trend
KnockOut Short Alert PCF to an EasyScan that includes the VHF PCF
and the DI PCF Adjust the values. At the main chart screen, Sort
with +DI PCF
For additional
information:
ADX and VHF:
http://www.tradehard.com
. .
. Mark Boucher’s Trading Watch Lists
. .
. Traders Dictionary
. .
. . . Average Directional Movement Index (ADX)
. .
. Traders Learning Section
. .
. . . Capturing Trends with the ADX
. .
. . . .  Excellent explanation and illustrations
. .
. Q&A: Search for TKO article
http://www.equis.com/free/taaz/verthorizfilter.html
http://www.tradingtactics.com/technical_analysis/Indicators
. .
Vertical Horizontal Filter
http://www.equis.com/free/taaz/verthorizfilter.html
Directional Movement
(DI):
http://clubs.yahoo.com/clubs/telechart2000usergroup
. .
. DMI clone  message 7003 by BigJDawson
. .
.Improved Directional Movement (DM) PCFs – messages 7957, 7958
http://www.eanalytics.com/dmi.htm
http://www.iqc.com/education/indicators/dmi.asp
http://www.tradingtactics.com/technical_analysis/Indicators
. .
. dynamic movement system
http://www.tradeon.com/tradeon/tc2000/index.html
. .
. IBD – QP2 Relative Strength Value
Island
Reversals:(ejr39)
An Island Reversal
aka Jeff Cooper' Gilligan’s Island –
Rules for Buys
(from Hit and Run Trading):
1. Stock must
gap open to a new 2month low. The bigger the gap the better.
(O<L1)
(O<MINL42.1)
2. Stock must
close at or in the top 50 percent of its daily range; close greater
than or equal open.
(C>=((HL)*0.5)+L)
(C>=O)
3. Next
day only, buy 1/8 above today’s high.
4. Risk
1 point
Rules for Short
Sales (from Hit and Run Trading):
1. Stock must
gap open to a new 2month high. The bigger the gap the better.
(O>H1)
(O>MAXH42.1)
2. Stock must
close at or in the lower 50 percent of its daily range; close less
than or equal open.
(C<=((HL)*0.5)+L)
(C<=O)
3. Next
day only, sell short 1/8 under today’s low.
4. Risk
1 point
Average
high, low and spread:(ejr39)
>
writ(e) a formula to find the average high, low and spread over
the last x number of days and how to apply it to individual stocks
<
AVGHx
 average high x number of days
AVGLx
 average low x number of days
H 
L  spread today
AVGHx
 AVGLx  average spread x number of days
In
the Personal Criteria Formula (PCF) window, insert (AVGH21AVGL21)
 example <Test> <Save> <Update All Criteria>
From
the main screen chart window, click on the Sort dropdown window's
down arrow; from the Sort dropdown window's menu, click the name
of the newly created PCF.
The
Sort Value number (to the right of each company name) is the stock's
average daily spread for the past 21 days.
How
do you wish to apply the average daily spread? If you are interested
in stocks having an average daily spread of $2 or more, add the
PCF to an EasyScan. Adjust the Range Selector (value). . .2 to Max
 OR  change the PCF to (AVGH21AVGL21)>1.99
 Sort Values will be TRUE or blank (False)
Rollers:(matsubo)
This
will find rollers as well as stocks making long bases. You can change
the values as you will and or combine this PCF with others for alternate
purposes. It's easily adjusted and very versatile. (MAXC63)<=(AVEC63*1.10)AND(MINC63)>=(AVEC63*.90)
I use this one as a stand alone and in all sorts of different scans,
changing the values depending on the purpose of the scan.
Money
Stream:(ejr39)
CMS isn't available
as a scan or PCF function. However, several months ago, DanielExtreme
requested a Money Flow Index PCF which would provide VALUES; he
wrote "the Money Flow Index as a PCF would be beneficial in that
we can't do a PCF with MoneyStream".
His reference
was:
http://www.equis.com/free/taaz/moneyflow.html
Typical Price
= H+L+C/3
((H+L+C)/3)
Money Flow =
Typical Price * Volume
(((H+L+C)/3)*V)
Positive Money
Flow PCF:
((((H+L+C)/3)*V)>
(((H1+L1+C1)/3)*V1)AND(((H+L+C)/3)*V)) +
((((H1+L1+C1)/3)*V1)>(((H2+L2+C2)/3)*V2)AND(((H1+L1+C1)/3)*V1))
+ etc.)
Negative Money
Flow PCF:
((((H+L+C)/3)*V)<(((H1+L1+C1)/3)*V1)AND(((H1+L1+C1)/3)*V))+
((((H1+L1+C1)/3)*V1)<(((H2+L2+C2)/3)*V2)AND(((H2+L2+C2)/3)*V2))+etc.)
Money Flow Ratio
= Positive Money Flow / Negative Money Flow:
(((((H+L+C)/30)*V)>(((H1+L1+C1)/3)*V1)AND
(((H+L+C)/3)*V))+((((H1+L1+C1)/3)*V1)>(((H2+L2+C2)/3)*V2)AND
(((H1+L1+C1)/3)*V1))etc) /(((((H+L+C)/3)*V)<(((H1+L1+C1)/3)*V1)AND
(((H1+L1+C1)/3)*V))+((((H1+L1+C1)/3)*V1)<(((H2+L2+C2)/3)*V2)AND
(((H2+L2+C2)/3)*V2))etc)
MoneyFlow Index
(MFI PCF – 10days):
100(100/(1+
(((((H+L+C)/3)*V)>(((H1+L1+C1)/3)*V1)AND(((H+L+C)/3)*V))+
((((H1+L1+C1)/3)*V1)>(((H2+L2+C2)/3)*V2)AND(((H1+L1+C1)/3)*V1))+
((((H2+L2+C2)/3)*V2)>(((H3+L3+C3)/3)*V3)AND(((H2+L2+C2)/3)*V2))+
((((H3+L3+C3)/3)*V3)>(((H4+L4+C4)/3)*V4)AND(((H3+L3+C3)/3)*V3))+
((((H4+L4+C4)/3)*V4)>(((H5+L5+C5)/3)*V5)AND(((H4+L4+C4)/3)*V4))+
((((H5+L5+C5)/3)*V5)>(((H6+L6+C6)/3)*V6)AND(((H5+L5+C5)/3)*V5))+
((((H6+L6+C6)/3)*V6)>(((H7+L7+C7)/3)*V7)AND(((H6+L6+C6)/3)*V6))+
((((H7+L7+C7)/3)*V7)>(((H8+L8+C8)/3)*V8)AND(((H7+L7+C7)/3)*V7))+
((((H8+L8+C8)/3)*V8)>(((H9+L9+C9)/3)*V9)AND(((H8+L8+C8)/3)*V8))+
((((H9+L9+C9)/3)*V9)>(((H10+L10+C10)/3)*V10)AND
(((H9+L9+C9)/3)*V9)))/(((((H+L+C) /3)*V)<(((H1+L1+C1)/3)*V1)AND
(((H1+L1+C1)/3)*V))+
((((H1+L1+C1)/3)*V1)<(((H2+L2+C2)/3)*V2)AND(((H2+L2+C2)/3)*
V2))+
((((H2+L2+C2)/3)*V2)<(((H3+L3+C3)/3)*V3)AND(((H2+L2+C2)/3)*V2))+
((((H3+L3+C3)/3)*V3)<(((H4+L4+C4)/3)*V4)AND(((H3+L3+C3)/3)*V3))+
((((H4+L4+C4)/3)*V4)<(((H5+L5+C5)/3)*V5)AND(((H4+L4+C4)/3)*V4))+
((((H5+L5+C5)/3)*V5)<(((H6+L6+C6)/3)*V6)AND(((H5+L5+C5)/3)*V5))+
((((H6+L6+C6)/3)*V6)<(((H7+L7+C7)/3)*V7)AND(((H6+L6+C6)/3)*V6))+
((((H7+L7+C7)/3)*V7)<(((H8+L8+C8)/3)*V8)AND(((H7+L7+C7)/3)*V7))+
((((H8+L8+C8)/3)*V8)<(((H9+L9+C9)/3)*V9)AND(((H8+L8+C8)/3)*V8))+
((((H9+L9+C9)/3)*V9)<(((H10+L10+C10)/3)*V10)AND(((H9+L9+C9)/3)*V9)))))
Be sure to remove
all spaces from PCF before <Updating All Criteria> This PCF
will require several minutes to complete update after calculating.
Penant/Flag:(seller9)
Here are two
scans you may want to try for fun. They are very selective. They
look for a breakout followed by a penant or the start of a flag
formation. Friday it found one stock VIZY, using the penant scan.
A day or two should tell which way it will break.
#1
(H3
 L3) >= (2 * (H2  L2))
#2 (H3
 L3) >= (4 * (H4  L4))
#3 L2
>= (((H3  L3) / 2) + L3)
#4 (H2
< H3) AND (H1 < H2) AND (H < H1)
#5 (L1
> L2) AND (L > L1)
#6 V3
> (2 * AVGV21)
#7 (V2
< V3) AND (V1 < V2) AND (V < V1)
By changing PCF
#5 to the following it may find the start of a flag formation. No
hits on Friday though.
#5
(L1
< L2) AND (L < L1)
Retracements
using Fibonacci numbers:
Message
11304
The
first step is identifying an OBVIOUS highest high and lowest low
for a group of stocks i.e.
Highest high = resistance
Lowest low = support
Suggestion:
try the Custom Date Sort builder
. From the TC2000 Help dropdown menu,
. . select TeleChart 2000 Help Topics
. . . From the Index, [Display] Custom date sort
#0 Fibonacci Retracement PCF
(MAXHnn – ((MAXHnn – MINLnn)*retracement number))
Example:
Assume the highest high occurred within the past 2 weeks.
Assume the lowest low occurred within the past 7 weeks
(35
trading days).
#0
38.2% Fibonacci Retracement PCF
(MAXH10((MAXH10MINL35)*.382))
The
sort value is the stock’s price at the 38.2% retracement level.
For a projected Fibonacci Retracement Level
#0 Projected
Fibonacci Retracement PCF
(MINLnn + ((MAXHnn – MINLnn)*retracement number))
Example:
Assume the lowest low occurred within the past 2 weeks.
Assume the highest high occurred within the past 7 weeks
(35 trading days).
#0
61.8% Projected Fibonacci Retracement PCF
(MINL10+((MAXH35MINL10)*.618))
The
sort value is the stock’s projected price at the 61.8% retracement
level.
As always,
adjust MAXnn, MINnn, and Fibonacci numbers to your method or strategy.
Most
commonly used Fibonacci retracement numbers:
.382
.5
.618
