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To: Nazbuster who wrote (8089)	12/13/1998 4:58:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 11149

Daniel: I don't have a scan like that, but you could use a Bollinger band scan and look for when the bands are narrow. I think there are some Bollinger band scans at my site: geocities.com One formula you could use for the bands would be: bb :=(stdev(0,-7)/(.000001+max(-1,-144,hi) -min(-1,-144,lo)))100; Then you'd want bb to be less than a certain number -- for example: if bb<2 then You could also write a scan calling for low standard deviation (stdev). Or you could write a scan calling for the close to be within a certain percentage of the previous close. For example, if you limit the change to 2 percent: if close(0)>.98close(-1) and close(0)<1.02close(-1) Change the percent according to what you're looking for. You could add more days: if close(0)>.98close(-1) and close(0)<1.02close(-1) close(-1)>.98close(-2) and close(-1)<1.02*close(-2) Also, you could try a scan that looks for a contraction in the range (though price could still be moving up or down): output="contract.lst"; if range(0)<range(-1) and range(0)<range(-2) and range(0)<range(-3) then println Symbol , "," , " Close:", Close(0) , "," , " Vol:", vol(0) , " , " , " PE:", PE , " , " , " QRS:", QRS(0) , "," , " Sharesfloat:", Sharesfloat , "," , description; endif; You could play around with this, and add conditions calling for the range (the high minus the low) to be less than a certain amount -- for example, less than .5. Hope some of this helps. Brooke

To: Nazbuster who wrote (8089)	12/13/1998 5:36:00 PM
From: Richard Estes	Respond to of 11149

Or you could use breakout scan on Brooke's page. Output="breakout.lst"; DaysToLoad = 250; If Close(0)<=30 and //price < $30 Close(0)>movavg(0,34,cl) and //price > avg price last 34 days (Max(-4,-25,hi)/(0.01+Min(-4,-25,lo)))<1.2 and //prev month max high no more than 20% greater than max low Vol(0) > AvgVol(0,-180) and //Volume today greater than avg. vol. over past 180 days Vol(0) >= 30000 and //Volume today greater than 30000 AvgVol(0,-30 )>=30000 and //Average volume over the last 30 days is at least 30,000 (Close(0)/(0.01+movavg(-1,3,cl)))>1.02 and //price > avg price prev 3 days by at least 2.0% (Close(0)/(0.01+movavg(-1,3,cl)))<1.06 then //But not more than 6.0% println symbol:-6," BUY: Close: ", close(0):-6:3, ",", " Up: ", close(0)-close(-1):4:3, ","," Volume: ", vol(0):-10, ",", " QRS: ", QRS(0):2, ","," Sharesfloat: ", Sharesfloat:6:3, ", ",Description:-12; endif;