EDDY GARCIA
New member
Im trying to setup a scan looking for trends that are on the verge of dying. so im looking for strong stocks that have respected a certain moving average, we'll say the 10 week.
1) its consecutively closed over the 10 week ma for 10 weeks, but week 11 now has closed below it. Do I need to specify a lookback period of 11 in this case and do I need to compare close to each of the 11 periods moving averages and count the streak using compound value? sorry if its confusing Ive been messing with this one for a bit.
1) its consecutively closed over the 10 week ma for 10 weeks, but week 11 now has closed below it. Do I need to specify a lookback period of 11 in this case and do I need to compare close to each of the 11 periods moving averages and count the streak using compound value? sorry if its confusing Ive been messing with this one for a bit.