Catching the price hitting monthly SMA 20 better

tempestlight
tempestlight ✭
edited July 2021 in Scanning
Hi,

I was wondering if anyone had any suggestions on how to capture this monthly hit close to the SMA 20? I tried the following scan but can't seem to hit this one.




FYI, this is ZM on the monthly chart if you want a better look.


[type = stock]
and [group is not FinancialSector]
and [group is not UtilitiesSector]
and
[
[exchange is NYSE]
or [exchange is NASDAQ]
]
and [name not contains "Fund"]
and [name not contains "Income"]
and [name not contains "shares"]
and [name not contains "trust"]



and [MONTHLY low < monthly sma(20)*1.1]
and [monthly low > monthly sma(20)]
and [1 month ago low > 1 month ago sma(20)*0.95]
and [2 months ago low > 2 months ago sma(20)*0.95]
and [3 months ago low > 3 months ago sma(20)*0.95]
and [4 months ago low > 4 months ago sma(20)*0.95]
and [5 months ago low > 5 months ago sma(20)*0.95]
and [6 months ago low > 6 months ago sma(20)*0.95]
and [7 months ago low > 7 months ago sma(20)*0.95]
and [8 months ago low > 8 months ago sma(20)*0.95]
and [9 months ago low > 9 months ago sma(20)*0.95]
and [10 months ago low > 10 months ago sma(20)*0.95]
and [11 months ago low > 11 months ago sma(20)*0.95]

Comments

  • markd
    markd mod
    edited July 2021
    Should be a simple edit: add "monthly" in front of "sma(20)" as you did in the first two lines.

    example:

    and [1 month ago low > 1 month ago monthly sma(20)*0.95]

    As you have it, I think it would be looking at the daily sma, or possibly ignoring those lines without giving you a syntax error.
  • lmkwin
    lmkwin ✭✭
    Another "helpful" tip is to put a Moving Average Envelope on your chart so you can see where the data points are. In your case, you are creating a key scan requirement related to 10% above the SMA 20 line and you want the low to be below 10% above.

    If you put a SMA Envelope on your monthly chart and use the parameter 20,10, a pair of lines will display on the chart showing 10% above and below the 20 SMA.

    Any time you are trying to use a "close to" criteria, the Envelopes can often assist in viewing what you are asking for on the chart and in troubleshooting your scan.

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