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| Discuss Formula Help at the F-Chart within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi to All I have just started using FChart Pro and I have Drawn two ... |
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#1
2nd March 2008, 09:24 PM
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Formula Help
Hi to All
I have just started using FChart Pro and I have Drawn two nos EMA, namely EMA2: 30 period and EMA3: 50 period along with RSI as an indicator I would like to scan stocks for long when EMA2 crosses EMA3 for the first time AND when the RSI goes over 60 for the first time Simlarly for scanning stocks for short EMA3 crosses EMA2 for the first time AND RSI goes below 50 for the first time Most important question is where do I put these formula: in the "Scanner"? If that is so, what should be the other conditions that have to fulfilled in the "Scanner Window" 
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#2
2nd March 2008, 11:19 PM
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Re: Formula Help
Sir,
You have developed two EMAs namely 30 Days EMA and 50 Days EMA. I think, if you use Window XP Professional system in your Desktop. Go to open a Excell worksheet. Put the Headings in sequence : Date, Price Movements (High,Low and Close), RSI, 30-D EMA, 50-D EMA, Difference, Triggerline, Divergence. > Download the required price data from nseindia.com > Put the respective data under High,Low,Close. > Prepare daywise RSI formula and copy down it. > Prepare the 30, 50 EMAs under respective Headings. > Compute the diff. of two EMAs under DIFFERENCE column. > Prepare TRIGGER Line data (a 9-D EMA of Diff.), copy down it > Last of all prepare the difference between DIFFERENCE & TRIGGER i.e., conveniently called the DIVERGENCE, but in reality it is HISTOGRAM. You can view two series of SWINGS (UP & DOWN) if after painting through Mouse you go to GRAPH menu choose BAR GRAPH and enjoy the view. This is most accurate one and BUY when it Goes in DN SWING and sell when it goes UPSwing.
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#4
3rd March 2008, 09:09 AM
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Re: Formula Help
Quote:
(1) EMA2 > EMA3 AND EMA2[1] < EMA3[1] AND RSI > 60 AND RSI[1] < 60 (2) EMA2 < EMA3 AND EMA2[1] > EMA3[1] AND RSI < 50 AND RSI[1] > 50 Please copy paste the formulas in respective in condition 1 & 2 and then start scanning to get your desired results. Cheers Himadri
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#6
3rd March 2008, 09:34 AM
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Re: Formula Help
Quote:
Cheers Himadri
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#8
3rd March 2008, 11:12 AM
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Re: Formula Help
Quote:
Himadri
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#10
3rd March 2008, 12:29 PM
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Re: Formula Help
Quote:
(1) AND CCI > 100 AND CCI > CCI2 (2) AND CC1 < 100 AND CCI < CCI2 If you have condition for Chaikin oscillator, please let me know so that I can also try for the same. Cheers Himadri
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