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Strategies & Market Trends : TA- Scans and System Tests

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To: Richard Estes who wrote (867)8/15/1997 9:55:00 PM
From: TechTrader42   of 989
 
Richard (or anyone):

Is this a correct WOW translation of your Breakout Scan for WOW, do
you think?

Ref(hhv(h,21),-3)/ref(llv(l,21),-3)<1.2 and h>ref(hhv(h,21),-1) and
c<30 and c>mov(c,34,s) and v>mov(v,180,s)

I translated from this:

MAXH21.4/MINL21.4<1.2 AND H>MAXH21.2 AND C<30 AND
C>AVGC34 AND V>AVGV180

Instead of "4" and "2" for the days ago when you start the periods for
maximum high and low, I have 3 and 1 in the WOW formula, because
"2" means yesterday in TC2000's language, and "4" means 3 days ago.
Weird, but that's what I see in the TC2000 User's Guide.

So the formula states:

The maximum high over 21 days, starting 3 days ago, divided by (the
minimum low over 21 days, starting yesterday) is less than 1.2,

and the high is greater than the maximum high over 21 days, starting
yesterday,

and the close is less than 30

and the close is greater than its 34-day simple moving average

and volume is greater than its 180-day simple moving average.

I know there's more to the scan in TC2000, but I'm just trying to get the
formula for WOW (because I'm compulsive).

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