Richard
Somebody on the other board was looking for a QP BBB scan. Here is one that I have been using, based on the BBB scan. This also uses some of the elements of Dave's system, and may have redundant lines in it.
You have to use the latest version of the QP program.
close(0) >max(-1,-250,cl)*.85
close(0) < 20 //whatever value you like for min/max price
close(0) >5
eMovAvg( 0 , 5 , cl )>eMovAvg( 0 , 13, cl )
eMovAvg( 0 , 13, cl )>eMovAvg( 0 , 40, cl )
obv(0)>movavg(0,40,obv)
eps > 0
roc(0)>12
vol(0)>movavg(0,120,vol) //6 months = approx 120 trading days
movavg(0,50,cl)>movavg(-15,50,cl)
I added eps > 0 out of personal preference. It may be too limiting. I couldn't figure out how to implement the 'or' function for the roc part of Dave's system (if((mov(roc(c,12,%),3,e)>=-6 or roc(c,12,%)>0),1,0)), but I think that you can probably use the "loop" function somehow. If you want to use "[Percent Change Last 5 Days] > 5" it should be something like (close(0)-close(-5))/close (0) > .05.
It would also be simple to add a minimum value for average volume.
Additionally, QP has a function called QRS, the relative strength of the stock compared to the rest of the database. A minimum value can be established for this as well with something like "qrs(0) > 70". I am not sure if it will directly correlate to the IBD RS number, but one would think it is close.
This takes about 25 minutes to get through the whole QP data base (with a 486 100Mhz) which includes every issue on all three exchanges, but not BB stocks.
The list it produced from Friday 11 Oct (after the close):
BNBC
BUTI
CHLN
CMP
CPAK
DRCO
HEII
HERB
HGGR
HII
HIPC
HX
IMSI
INTP
KTIE
LOM
LORX
MARY
MFAC
MGRY
MLWL
MOR
MTLG
NSSB
PAUH
PFNC
PLY
QLGC
RBNC
RGC
RNRC
ROW
SHOR
SIGN
SIHS
SYMM
TSRI
VOX
WRN
YESS
Any comments/thoughts are welcome.
Jim |
