New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
From the UK - A Simple Scan with the wrong results?
Hi, I hope someone can help with this-
I have used the basic scan builder to try to do this-
Scan for major LSE shares, that have shown a new Elder Red bar for the end of day.
The high must also be below the EMA (65).
I have attached the criteria that stockcharts.com wrote out for me- however, from the results, ITV had blue Elder bar at end of
day, not red. Further scans have also given results where not all end of day bars are red.
Could this be something to do with timing, as they are UK shares? I scan at least 3-4 hours after close of trading, which is 4.30pm UK time.
And this shouldn't be a problem, as the scan is in real time, and shouldn't possibly return anything but red bars!
I used the drop down box from the builder, to say Elder Red Bar is true for 0 days ago.
Must be something I am doing wrong, as I am new to this!