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Monthly Stochastic X-Up
Comments
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Hi
Please let me clarify my question. I am looking for one scan that would capture stocks with their MONTHLY stochastic X-up from below 20. Also I want to write another scan that simply captures MONTHLY Stochastic X-up its signal line, this doesn't need to be below 20. Thanks again for all your help.0 -
Here's a blog entry from a while ago that explains crossover scans:
http://stockcharts.com/articles/scanning/2009/02/scanning-for-crossovers.html?st=cross+above
The other trick you need to know is how to modify the time frame for an indicator in a scan. If you just use the indicator by itself, e.g.
Fast Stoch %K(14,3)
then the scan engine assumes you mean the daily time frame and uses daily data.
If you want a different time frame, and all the parameters in the indicator are numbers, like the %K example above, then you have to modify the indicator with a time frame specifier before it, e.g.
monthly Fast Stoch %K(14,3)
But if any parameters are text, then you have to modify BOTH the indicator AND the text parameter, e.g.
weekly sma(13, weekly close)
When you are writing a scan in the Advanced Scan Workbench, you can select any term you want, including technical indicators like Fast/Slow/Full %K and %D, from the drop downs in the "Scan Builder" section under the Scan Criteria window and the click on "Insert". A default version of the selected item will appear below any existing text in the Scan Criteria window. You may have to edit the default text and/or cut and paste it into your existing scan text. For example, in your case you will have to arrange %K and 20, and %K and %D around an "x" operator.
Details on scan syntax can be found through the links on this page:
http://stockcharts.com/docs/doku.php?st=scan+syntax&id=scans:reference
If you get stuck, post what you have.0 -
Thanks, Mark. I will have to get to work and post if further questions.0
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