StockCharts Support Forum

[Quasi]

RE: Trade_to_Live, Aroon Scan...

OK I think I beat you to it, here's another idea, use the Aroon oscillator (Aroon UP minus Aroon Down). So when Aroon Down is at 100 and Aroon UP is at zero the Oscillator will be at -100. If you just want it to be close then set it to say less than -90.

Now we want all stocks where the oscillator has hit that target at least one day in say the last 4 days, just use the Min function.

Then use the cross function (X), to find Aroon Up crossing up thru Aroon Down.

Example as follows, note the first three lines are code I use when developing scans, just to make sure there is liquidity $500K ave per day, and a price bracket to reduce the number of hits so I can quickly review the output to verify its giving me what I want.

[type = stock]
and [SMA(50,close) * SMA(50,volume) > 500000]
and [Close > 1] and [Close < 100]
and [Min (4, Aroon Osc (8)) = -100.0]
and [Aroon Up (8) X Aroon Down (8)]

The above scan yielded 7 hits for EOD Dec 30th, 2009

Have Fun
Quasi