Registered User
Joined: 2/1/2005
Posts: 22
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How do you write a scan that meets Sir 9-Day Periods' criteria described on March 7, 2008? Namely,
(1) Use a 9 day time frame, select stocks that meet: C<C1 and C1<C2 and C2>C3,
(2) In subsequent 9 day period, the stocks are down 2 %.
I guess I am at loss of how to handle "9-day periods".
Thank you for you help.
J.C.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You may be interested in this:
http://www.worden.com/training/default.aspx?g=posts&t=30042
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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J. C.,
The PCF on a 9-Day Chart is:
C4<C3 AND C3>C2 AND C2>C1 AND 0.98*C1>=L
The corresponding PCF to use in an EasyScan is:
C36 < C27 AND C27 > C18 AND C18 > C9 AND 0.98 * C9 >= MINL9
Thanks,
Jim Murphy
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Registered User
Joined: 2/8/2005
Posts: 16
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Jim,
I think you are using three 9-day periods instead of two recommended by Sir 9-Day. Is this the case?
Steve
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Steve,
Sir 9-Da Periods' statement from the 03/07/08 Report is:
________________________________
1. Use a 9 day time frame. Select those stocks which meet the following simple criteria: C<C1 and C1<C2 and C2>C3. That's it for the selection of the stocks to possibly buy.
2. Which stocks to buy? From the list, buy those stocks which meet this simple criteria. The stock, sometime in the next 9 day period, declines 2% from the close of the previous nine day period. We'll call this 2%, our margin of safety (MOS).
3. If the stock meets the two criteria (C<C1 and C1<C2 and C2>C3 and in the subsequent 9 day period is down 2%) and you buy it, sell at the first open after the 9 day period ends IF the stock OPENS above your purchase price. If the stock doesn't open above your purchase price, wait until that nine day period is over and sell at the open after this 9 day period ends. That's it. Nothing could be more simple.
________________________________
When on a 9-Day chart, the PCF:
C4<C3 AND C3>C2 AND C2>C1 AND 0.98*C1>=L
when plotted as the Boolean Formula of a Custom Percent True Indicator, will mark a bar if the buy conditions specified above are satisfied. The PCF involves a total of five 9-Day bars, those specified by L0, C1, C2, C3, and C4. The sell conditions involve two additional 9-Day bars So the whole trade always involves six 9-Day bars and sometimes involves seven 9-Day bars.
Maybe you misread the PCF as three consecutive down closes instead of an up close followed by two down closes?
Thanks,
Jim Murphy
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Registered User
Joined: 10/7/2004
Posts: 89
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Bustermu has posted 2 formulas, however they do not provide the same results as when i write CC3, on a 1 day chart and then change to the 9 day chart. the formula that i need is something i can use on a 1 day chart that will give the results on a 9 day chart/////or is there a way to have an easy scan only look at a 9 day chart?
Thanks
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Registered User
Joined: 1/28/2005
Posts: 6,049
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vtharry
These indicators are discussed in the links where you asked the question before.
Here:
This is from my Saturday,March 8, 2008 1:28:38 response:
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Ok in the corrected report. The new formula is:
C<C1
C1<C2
C2>C3
on a 9 day chart.
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To create this PCF daily it would be:
C<C9ANDC9<C18ANDC18>C27
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It would probably be helpful for you to read thru the information.
Thanks
diceman
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