Scan for Price Approaching or Below the 26-Month EMA

[Tomahawk6117]

Hello everyone,

May you please help me create a scan to find stocks that are approaching or below the 26-Month Exponential Moving Average?

Specifically, I would like to find stocks that have a stock price that is less than 103% of the current 26-Month Exponential Moving Average.

For example, if the current 26-Month EMA of stock XYZ is 4.00, then the current stock price of stock XYZ would have to be less than 4.12 in order to show up in the scan.

I tried the script below, but it is not displaying the correct results. Thank you very much for your time and your help.

close is less than (1.03*(MovAvgExponential("length" = 26)."AvgExp"))

 

[rad14733]

@Tomahawk6117 Here you go... The Custom Study must have AggregationPeriod set to Wk... I used the ExpAverage() Function to save clock cycles and overhead...

close < ExpAverage(close, 26) * 1.03

 

[Tomahawk6117]

@Tomahawk6117 Here you go... The Custom Study must have AggregationPeriod set to Wk... I used the ExpAverage() Function to save clock cycles and overhead...

close < ExpAverage(close, 26) * 1.03

Thank you very much for your help @rad14733 I really appreciate it.