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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 amibroker@xxxxxxxxxxxxxxx, "Barry Scarborough" <razzbarry@xxx>
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 amibroker@xxxxxxxxxxxxxxx, "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
> >
>
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