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scanning

another question , how would I include an overlay in a scan that I have as an indicator???
In other words I have williams % r with a simple moving average 50 over lay. I can use the williams %r in a scan But I cannot figure out how to use the overlay? Here is the scan

[type=stock]
And[volume >550000]
and [country is USA] AND [CLOSE <35.00]And [CLOSE >10.00]
And [ Group Is Not ETF]



and [Yesterday's Williams %R(14) < 50.0]
and [Today's Williams %R(14) > 50.0]

I'm trying to ad a 50day simple moving average

Best Answer

  • lmkwinlmkwin ✭✭
    Accepted Answer
    something to keep in mind is the expected values for the indicator you are using. The Williams %R runs from 0 to -100, so a reading of 50.0 isn't possible.

    To add the overlay of the indicator, select the Overlay. In your case the SMA and then replace the criteria that is defaulted inside the brackets with what you want.

    So and [SMA(50,volume) > 9999999]

    becomes

    and [SMA(50,Williams %R(14)) > -??]

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