Reply To: Bullish Combination Scan

Optuma Forums Optuma Scripting Bullish Combination Scan Reply To: Bullish Combination Scan

#63811
Jeremy
  • Topics: 1
  • Replies: 4
  • Posts: 5

Rule 1

Today’s close minus today’s open is equal to or greater than 90c, and

Rule 2

Today’s volume greater than 100,000, and

Rule 3

Yesterday’s close minus yesterday’s open is less than today’s close minus today’s open, and

Rule 4

Yesterday’s close divided by the previous day’s close is equal to or less than 1.02

//Rule 1

COV = (Close() – Open());

V1 = COV >= 0.90;

//Rule 2

V2 = VOL() > 100000;

//Rule 3

V3 = COV[1] > COV ;

//Rule 4

V4 = (CLOSE() / CLOSE(1)) <= 1.02 ;

//All Rules Pass

V1 and V2 and V3 and V4

It looks like the above rules are for the $ breakout and once all four rules are met, then a stock will show in the scan results.

Should this be written as one large script first, then added into the scan manager?
Could you please clarify the COV function.
Rule 3 is yesterday’s close minus yesterday’s open is less than today’s close minus today’s open.
Should the rule not therefore be “V3 = COV[1]<COV?
Rule 4 is yesterday’s close divided by the previous day’s close is equal to or less than 1.02.
Should the rule not therefore be “V4 = (CLOSE(1) / CLOSE (2)) <= 1.02?

To answer your previous question, I’m looking for a setup like the following…

Very tight range in the preceding days, then a breakout on the market open, either 4% plus, or $1.

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