Thanks, Barry. This is what I was looking for. I am not looking for crosses, merely where the stock is in relation to the 8ma, i.e. what percentage away.
Appreciate the help. interfool --- In [email protected], "Barry Scarborough" <[EMAIL PROTECTED]> wrote: > > 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" <02@> 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 > > >
