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Scanning a Watch List of stocks

Hi Traders,

I am now developing an idea I have, to monitor some stocks I am interested in

I have a watch list of several hundred stocks including the major stocks and each day
I check the closing price of these stocks in my watch list ( after the markets close) to see
IF THE STOCK VIA ITS TICKER SYMBOL IN MY WATCH LIST IS IDEALLY FULFILLING ALL OR SOME (ESPECIALLY THE CLOSING PRICE AT OR ABOVE/BELOW THE 3 PERIOD EXPONENTIAL MOVING AVERAGE ) OF THE FOLLOWING CONDITIONS (A) OR (B)
(A)
-- The closing price is at or above the 3 period Exponential Moving Average and
----The 8 period Exponential Moving Average is below the 3 period Exponential Moving
Average and
-- The 20 period Simple Moving Average is below the 8 period Exponential Moving Average
OR THE INVERSE OF THESE THREE CONDITIONS
OR (B)
-- The closing price is at or below the 3 period Exponential Moving Average and
----The 8 period Exponential Moving Average is above the 3 period Exponential Moving
Average and
-- The 20 period Simple Moving Average is above the 8 period Exponential Moving Average

Any ideas on how to SCAN MY WATCH LIST quickly each day to see if the either the conditions(A) or (B) are being fulfilled ?
Does it have to be done via StockCharts?
Really waiting in anticipation for your reply.
Many Thanks
Kind regards
Zafar
email address [email protected]tmail.com

Best Answers

  • markdmarkd mod
    Accepted Answer
    Since there is nothing difficult about the logic of your scans, I think you just need to take a few minutes to get familiar with the mechanics of creating a scan. The advanced scan editor can help you a lot, or, you can choose your list(s) and indicators from the drop downs below the scan writing window. You just have to build each scan one line at a time, test it, then go to the next line.

    Probably you can start here:

    https://support.stockcharts.com/doku.php?id=scans:advanced_scan_workbench

    or, if you need more background, this page will take you to the scan tutorials:

    https://support.stockcharts.com/doku.php?id=scans:tutorials

    Some general advice:

    I would not try to include all your conditions in one scan. If you do, then when you get the results you will be spending a lot of time trying to figure out which result meets which condition. Better to write separate scans, one for conditions (A) and one for conditions (B). Then you know all the results (should) fit the one set of conditions you scanned for.

    You will have to put some time into learning how things work. There is no way around that. But once you do, it will pay off for you in time saved.

    I don't know of any other site that is as flexible and easy to learn as Stockcharts.
  • lmkwinlmkwin ✭✭
    Accepted Answer
    The nice thing about Scans is that you can also usually use the same code for Alerts. The Alerts are a great way to get notified of an occurrence vs having to run the scan. They are easy to set up, particularly if you have written the Scan already.

    https://support.stockcharts.com/doku.php?id=alerts

    https://stockcharts.com/videos/?fv=usvs-ah-userdeftechalerts

    In fact, I recommend writing the scan and running it to see if it's providing the results you like,
    and then copying it into Alerts. You can't "test" the code in the Alerts workbench. You can only check the syntax there.

Answers

  • Thank you very much for the kind experienced advice guys.
    Really appreciated
    This is an amazing site of caring ,helpful, like minded people .Rare in this day and age.
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