StockCharts Support Forum

[Sexton O Blake]

Re; Sexton O Blake, Scan for "close" near SMA50…

That should give you some ideas and point you in the right direction. I won't write all your requested scenarios for you, but I think you have the info now.

WOT? I should pay for iHUB and then demand a refund!

Thanks for the speedy reply, Quasi. My mind has been elsewhere and haven't done much along the lines of trading since last spring (not because of the market itself). I have S/C Extra service (not RT) and wrote a few nice scans - of which I still use. I will pop in now and then and help out where I can.

Two things:
a) I was unsure if there was a function that did what I wanted instead of having to resort to the math side - your example is what the doktor ordered.

I am looking at either this:
and [close >= sma(50,close)]
and [close <= sma(50,close)*1.02]
and [yesterday's daily close > daily close]

... where the price is at or within 2% of the SMA 50 and the price is falling (from yesterday). So basically setting up a possible BOUNCE off the SMA 50.

OR

and [close >= sma(50,close)]
and [close <= sma(50,close)*1.02]
and [yesterday's daily close < daily close]

... same but we have potentially bounced already.

b) There is no absolute function in S/Cs right?
One could look at doing things like "within 2%" with such a function instead of the two lines.

Funny my work language (Progress 4GL) never had ABSOLUTE until version 7 - talking YEARS! Such a basic function.

Finally - (not my place, merely a suggestion) - I asked a few questions in the past here - but is there any sort of repository of "scan formulas" (such as this question/answer) anywhere?

If you look at the following thread on SI (dormant now) - beyond being world class thread when it was active, looking at the header post, he would state the purpose and link to the post(s) that dealt with the item. Something like that could be done here - ie "SMA v. Closing Prices" then listing the posts that deal with that concept. They had something like that for the AmiBroker product on their site - because the formulas were so extensive.

Not a make work project - but I am sure the odd good/complex formula requests/solutions come up now and then. Be a good KB. I have seen some formulas at S/C but not a lot - if there is something at S/C like this (ie >50 formula ideas) - please provide the link.

http://siliconinvestor.advfn.com/subject.aspx?subjectid=55245

Cheers mate!
blake