Scanning Technically

August 2011

Scanning Technically

Scan coding sample blocks

by Gord Greer

Hi all from the 3rd floor of the Red Lion in Seatle, ChartCon has been wonderful and educational.  I hope all who are in attendance are enjoying it as much as I am, many many thanks to Chip and the whole team for putting on this exceptional event.  I'm sure the next one will be even better, but I'm not sure how you're going to do that Chip. This mornings sessions covered the scanning engine and there were many questions on how to set up scans and whether there were any libraries of standard scan coding.  There are many predefined scans on the website which you can look at Read More 

Scanning Technically

Scanning for an overlay of an indicator

by Gord Greer

Question: Is it possible to use an EMA of an indicator in a scan? For example, If I wanted to know when RSI(5) is above a 3-period EMA of RSI(5)? I know you can use sma(60,volume), for example, but volume doesn't have a parameter. When I try to introduce an indicator parameter to similar phrasing, I get syntax errors. It doesn't "get" RSI(5,5) or EMA(5,RSI(5)). Any help would be appreciated. Answer: Yes it is possible and its one of the scan coding items that many people have trouble with.  I assume the following chart explains the type of thing you Read More 

Scanning Technically

Building a Scan, Q&A

by Gord Greer

Question "I'm hoping someone can help me with some criteria for setting up a scan. I came up with a description in words, but other than item 1 and 2, not sure how to input things into stockcharts.com. 1. Stock must trade over 500,000 shares average for last 20 days 2. Greater than $5 3. Stock must have traded above the 200 DEMA for 20 days or more 4. Stock must be in decline 5. Stock must trade at less than 105% of the 200 DEMA I define the pivot as the following, using candlesticks: A down bar, followed by a bar that opens lower and closes higher Read More