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I´m trying to build a scanner that find stocks that have closed lower (in the lower 30% of the range) for 3 Days. Range:=H-L;
If(C<(H-Range*.7) and (C-1<(H-Range*.7) and (C-2<(H-Range*.7); please, help!
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Code: Prange:=(H-L)*.7;Sum(C<(H-Prange),3)>2
This will show a +1 if the stock closes in the lower 30% of it's range for three days in a row.
What are you trying to get out of this experiment?
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 11/5/2012(UTC)
Posts: 7
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Many thanks
for the help!
I did a
test (on sp100 stocks) to buy just before close (of the day) with the above
conditions and sell 3-5 days later before close and it return that 55% of the
trades where profitable and the edge was 0,77% (losing trades – winning trades).
I also included that RSI2 <10 and the edge was 0,98%. So there is a edge.
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