Hi, Richard-
I transcribed the formula for your tc2k breakout scan (as published in a post a couple of months ago) into QP format, as follows:
AllGroup
Comment = "Richard's breakout "
Close(0) <= 30 // price <= $30
Close( 0 ) > movavg(0,34,cl) // price > avg price past 34d
(Max(-4,-25,hi)/Min(-4,-25,lo))<1.2 // prev month max high no more than 20% greater than min low
High(0) > max(-2,-23,hi) // today's high > last month
Vol(0) > AvgVol(0,-180) // Volume is greater than the past year's avg vol
AvgVol( 0,-30 ) >= 250 // Average volume is at least 25,000 shares over the last 30 days.
qrs(0)>=80 // Strength >=80%
Running this after the bell yesterday, I got 61 hits rather than the 34 you posted. An increased number is to be expected since QP does not have an eps screen. I did expect, however, that the scan would include most of the 34 hits you got. Nope-- instead there were 16 mutual hits only, with 18 of yours missing from mine! Can't understand why, unless the qrs criteria are even more different than we thought relative to those used by IBD.
Derek, is my translation correct?
doug |
