SMA Scan and within x number of bars

[stormy77]

Trying to understand how the "within x bars" affects the scan.

Looking for stocks where currently:

50 SMA > 100 SMA
100 SMA > 200 SMA
RSI BETWEEN 30 AND 50
+ other filters like volume and price

What would the value in the "within x bars" be?

 

[Joshua]

Within 1 bar would mean that the conditions of the scan can only be met on the right-most bar. So, hypothetically, if chart is 10 bars long, and you do within 3 bars, the conditions of the scan can be met on either bar 10, 9, or 8.

Lets say you're using 30 minute candles; there are 13 candles in a day. At the end of the day, you could scan within 13 bars to review all of the results from today, and so on. There are a lot of different reasons you might want to scan within x bars.

 

[stormy77]

Within 1 bar would mean that the conditions of the scan can only be met on the right-most bar. So, hypothetically, if chart is 10 bars long, and you do within 3 bars, the conditions of the scan can be met on either bar 10, 9, or 8.

Lets say you're using 30 minute candles; there are 13 candles in a day. At the end of the day, you could scan within 13 bars to review all of the results from today, and so on. There are a lot of different reasons you might want to scan within x bars.

OK, so I'm using this as a scanner.
so if I'm scanning for stocks where 50 SMA > 100 SMA within 2 bars, does this mean that it will show stocks where the 50SMA>100SMA within last 2 days only?

 

[Joshua]

It will show you stocks where the 50 is greater than the 100 on, at least, either of the last two days. It doesn't require the 50 to be under the 100 on the 3rd day back, or anything like that, if that's what you're asking.