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1) Eventually I want to scan for filled black candles at the bottom of the range, but I'm so far getting 129 results, mostly red candles, with my scan.
I first wrote it without the [filled black candle is true] and then found that, so added it but it still doesn't work.
[type = stock]
and [[Country is Canada] or [Country is US]]
and [Daily sma(100,Daily Volume)>250000]
and [[close > 1.00] and [close < 35.00]]
# Find only charts with black candles on them
and [close > 1 day ago close]
and [close < open]
and [Filled Black Candle is true]
2) When I scan for [low < yesterday's low] it also brings up a mix bag of results (like ACRX when I run that scan now) - this is to find the black filled candles at the bottom of the range.
I hope someone can help!
Removing the line for filled black candle, I got 160 hits. Again, none with red candles. Apparently the filled black candle has some more restrictive conditions that get fewer hits.
Adding in the test for the low (without filled candle test) I got 48 hits, all OK.
I'm not sure what you mean by "bottom of the range", but I'll assume you mean following several down bars. For that, you could test for
and [low = min(7, low)]
or whatever number of lows suits you. Or your could test for a falling very short term MA, like
and [sma(7,close) < 7 days ago sma(7,close)]
That would not require the lower low be the lowest, but it might still get worthwhile hits.
Thank you very much for your reply.
I ran the scan just now again and stil got red candles, so I realized there must be something wrong on my side. I went through everything and eventually got to the part "Starting X trading days before the X show me the symbols that meet the following criteria. I had 5 for the days and "Last market close June 30". When I changed the 5 to 0 I got your 132 hits all filled black candles.
This is puzzling as it continues to say "Or choose from X" where is X is my scan.
So, even though I chose my scan the scanner still uses the values in the first part. Maybe some note to this effect would be helpful or maybe the platform can change it automatically if one selects one's own scan?
Thank you for the suggestions on the Low scan....I appreciate it very much!