MA Change of Direction

The MA Change of Direction scan searches for a point in time, where the direction of a user defined Moving Average changes from downward to upward, or vice versa.

These settings would scan for a Moving Average turn, from a downward trend to an upward trend.  The Moving Average used would be a 5 period simple Moving Average, based on the High, Low and Close values of the chart.  The Moving Average would be applied to a daily chart.

Moving Average turns upward. 

Low Point

Type:     Select this option if you want the scan to search for a Moving Average turning from a downward movement, to an upward movement or vice versa.

Bars:      This is the setting for the number of bars used to calculate the Moving Average. Setting this to 30 would scan using a 30 bar Moving Average.

Calc Style:           Allows you to select which method is used to calculate the Moving Average.  You can select from the following options:

•             Simple

•             Weighted

•             Smooth

•             Exponential

•             Modified

Calc Using:          Select this option to set which value of the bar the Moving Average is calculated off. You can select from the following options:

•             Open

•             Close

•             High

•             Low

•             HL (High, Low)

•             HLC (High, Low, Close)

•             OHLC (Open, High, Low, Close)

•             OC (Open, Close)