You can answer these questions simply by plotting both lines on the same scale and seeing if they ever give a buy signal. They almost always do. The MA is above the C value, so it is hard to tell if the condition is ever true. Adding shapes to your formula reveals whether the condition is ever true. It is almost always true for QQQQ. Plot the following and then think about what you really are trying to do.
plot(MA( Close , 8 ) , "MA8", colorred); plot(c * MA8Multi, "C value", colorblue); plotshapes(!buy * shapeuparrow, colorgreen); // shows when not true I plotted QQQQ and your conditions were true except for two times since 1999. Barry / --- In [email protected], "interfool" <[EMAIL PROTECTED]> wrote: > > I'm trying to scan for stocks that are X amount below the 8 MA. > > Here's the code I have so far. Doesn't work. I also would like to see > the value of MA(Close,8) when I run the scan, so I know what values > would be good to start with. Code snippet: > > _SECTION_BEGIN("Basic Params"); > MA8Multi = Param("MA 8 Multiplier",.9,.000001,100,.01) ; > _SECTION_END(); > > Buy = MA( Close , 8 ) > Close * MA8Multi ; > > What am I doing wrong? > > Thanks, > > ol' interfool >
