Letters To S&C by Technical Analysis, Inc.FORMULAS FOR STOCK SCANNING
With great interest I have read the article “A Reliable Set Of Technical Indicators” in the April 2019 issue of STOCKS & COMMODITIES. In the article, author Christian Pratsch writes that he uses the following formula to scan for long candidates:
For scanning LONG candidates:
(STOC12,1 > 78) OR ((STOC12,1 < 78) AND (STOC12,1 > AVG(STOC12,1,3)))
and the following formula to scan for short candidates ...