Moving Average Close scan

The Moving Average Close scan searches for when a user defined Moving Average is either above or below a closing bar.

  These settings would scan for a 5 bar Moving Average, calculated using the Simple style and Closing price. The Moving Average scan would be applied to a Daily chart and would be searching for bars that close Above the Moving Average.

The bar chart has closed above the Moving Average at this point. 

Scan For

Close Crosses Above: Select this option to scan for when bars close above the Moving Average.

Close Crosses Below: Select this option to scan for when bars close below the Moving Average.

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: A 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: