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Stocks & Commodities V. 37:06 (6): Letters To S&C by Technical Analysis, Inc.

Stocks & Commodities V. 37:06 (6): Letters To S&C by Technical Analysis, Inc.

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Letters To S&C by Technical Analysis, Inc.

FORMULAS FOR STOCK SCANNING

Editor,
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 ...
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