X% below a 50DMA

Sierragrande
Sierragrande ✭
in Scanning
How would I write a scan in which the closing price is x % below a 50 day moving average ?

Answers

  • Sharptraders
    Sharptraders ✭
    May not be the best way...but this would give you all that are 25% to 35% below the 50sma...You can narrow it down and add your other criteria:

    [today's close <= today's sma(50,close) *.75] and [today's close >= today's sma(50,close)*.65]

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