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Average Value Scan

Written by Administrator Monday, 31 July 2006 10:00
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The Average Value scan, searches for an average value closing price that is greater than or less than a user-defined value, over a user-defined period of time.

Properties

Depending what date is selected at the Date Range option in the Scanning Manager main window, this scan would search for an Average Value that is Greater Than $10 over a Average Period of 1 month. The scan would use the closing prices based on Daily bars.

For example, if you selected 1st of March in the Date Range option, this would search for an Average Value that is greater than $10 from the 1st February to the 1st of March. It would look at the Daily close prices.

Note: You can only use a Selected date in the Date Range option when choosing the start date to scan from.

Average Value

Sets the average value to scan for. If this is set to 10, you could scan for average values greater than or less than $10.

Direction

  • Greater Than
    Select this option to scan for values greater than the specified Average Value.
  • Less Than
    Select this option to scan for values less than the specified Average Value.

Average Period

  • Day
    Select this option to scan over a period of x amount of days.
  • Week
    Select this option to scan over a period of x amount of weeks.
  • Month
    Select this option to scan over a period of x amount of months.
  • Year
    Select this option to scan over a period of x amount of years.

Average Period Count

Sets the number of Average Periods to scan over.

Period Type

This setting sets the period type to use when selecting the close price for the Average Value scan. For example, by selecting Daily, the Average Value will be calculated off the close price of a day bar period (a daily chart), if it was set to Weekly, it would be calculated off the close price of a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly
Last modified on Thursday, 29 April 2010 11:04