Momentum Ranking Scan Including Negative Results

[Tim]

Hi.

I have the the following momentum ranking scan to only include scores above 10.

//Set Momentum Periods M1=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=1); M2=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=3); M3=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=6); M4=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=12); //Calculate Momentum Score M5=(M1+M2+M3+M4)/4; //Momentum Score greater than 10 M5>10

1 2 3 4 5 6 7 8 9 10 11 12

//Set Momentum Periods M1=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=1); M2=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=3); M3=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=6); M4=MOMENTUM(Month(PERIODAMOUNT=1), TYPE=Percentage, TOOLCALCTYPE=Percentage, BARS=12);   //Calculate Momentum Score M5=(M1+M2+M3+M4)/4; //Momentum Score greater than 10 M5>10

However it is also including negative scores below zero.
Please see attached.

Tim

[Matthew]

Hi,

I’ve run the script in a scan over the ASX and the results appear to be correct when checked on the Watchlist.  Can you try the same settings i am using here and let me know if the issue continues or not:

[Tim]

Hi Matthew,

I had the scan Date Range set to Last Year (which I thought was need because M4 is for 12 months) and Data Timeframe set to 1 Month (M1 is for 1 month).

Changing to Last Month/1 Day worked.

Is there any further information/videos about these scan variables?

Thanks

Tim

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