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monthly range and monthly close

murthysuresh
murthysuresh ✭
in Scanning
I have this scan that works.
[type = stock]
and [Daily SMA(20,Daily Volume) > 300000]
and [monthly range = monthly max(7, monthly range)]

but i also want to filter out stocks where the monthy range was the highest in 7 months and it closed higher than open.
when i add this filter, it does not include it properly

and [monthly open>monthly close]

Comments

  • markd
    markd mod
    edited March 2021
    Seems to work.

    Occasionally you will get black bodies. The close is below the open, like you asked for, but the close is NOT below the previous close. On Stockcharts, the body of candle is colored red if the close is below the open AND the previous close, but black if the close is below the open but not below the previous close.

    Hope that answers it.
  • murthysuresh
    murthysuresh ✭
    ok. but still, something is wrong with this scan. the conditons are
    monthly bar range == highest 7 previous monthly bar ranges
    monthly volume >3* monthly average vol in 20 bars.
    [type = stock]
    and [monthly Volume >3*Daily SMA(20,monthly Volume) ]
    and [monthly range = monthly max(7, monthly range)]

    and [exchange is TSE]
    and [Daily SMA(20,Daily Close) > .5]

    I get AKT/A.TO which does not meet the volume criteria. what am i doing wrong?
  • markd
    markd mod
    edited March 2021
    and [monthly Volume >3*Daily SMA(20,monthly Volume) ]

    s/b

    and [monthly Volume >3* MONTHLY SMA(20,monthly Volume) ]

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