C. General Scans to Use to Find Stocks for Use with the MACDicator Trading System 1. Initial Sorts and EasyScans of the Stock Symbol WatchList Start with a list of your favorite trading stocks, suggestions from other TCNet users, your own favorite Personal WatchList, or another Worden WatchList that you wish to use for stock candidates. If you wish to separate out the stocks from this “Stock Symbol WatchList” into 3 groups that are trending up, trending down, or channeling sideways, use the System Sort, “Price Percent Change 30-Day”, which will sort the list of stocks in descending order by percentile ranking from 99 to 1 percentile. Then separate the percentile ranking list into 3 EasyScans. Any period shorter than 30-Day (30 trading days or 6 calendar weeks), such as 5-Day, 10-Day, or 20-Day will only give you a value ranking (can’t use) and not a percentile ranking at the present time. Set up these 3 EasyScans derived from this “Stock Symbol WatchList” using the same System Sort, “Price Percent Change 30-Day”, and sort or separate the percentile ranks into 3 separate groups or EasyScans labeled as follows: Stock Rank 99 to 70 Bull List (The best trending long stocks are 99 to 80, in that order) Stock Rank 69 to 31 Channel List (The best sideways channeling stocks are 60 to 40, in that order) Stock Rank 30 to 01 Bear List (The best trending short stocks are 01 to 20, in that order) 2. Average Daily Range (ADR) as the Personal Criteria Formula (PCF) In order to trade stocks successfully with the MACDicator Trading System, we want to find stocks that trend, or secondarily trend within a sideways channel, and have a wide average daily range (ADR) from high price to low price. We can take the original Stock Symbol WatchList or the above 3 EasyScans and sort for Average Daily Range (ADR) as the Personal Criteria Formula (PCF) for highest to lowest value to find stocks with the largest ADR. Use the original Stock Symbol WatchList or the 3 EasyScans of the Bull List, Channel List, and Bear List, and match the respective sort list with the current trend of the market. Stocks tend to trend typically in Fibonacci number of days (periods) of 1, 2, 3, 5, 8, 13, 21, etc., however more than 8 days is not very common. Therefore, it is best to use and set up 5 separate PCFs each for 1, 2, 3, 5, or 8 days or periods for both inter-day and intra-day trading to cover all of the most common trending days or periods. In this manner, we can separate out all the wide ranging stocks. There are two ways of writing PCFs for ADRs of 1, 2, 3, 5, or 8 days. The first way, which is the easiest, is to specify a given range (X) for all 5 trending periods with 5 separate PCFs set up as follows, which will give you a group of stock candidates without specific individual average daily range values: The PCF Formula is: Average Daily Range for 1, 2, 3, 5, or 8 Days >= X (AVGH1 - AVGL1 >= X) OR (AVGH2 - AVGL2 >= X) OR (AVGH3 - AVGL3 >= X) OR (AVGH5 - AVGL5 >= X) OR (AVGH8 - AVGL8 >= X) Use these 5 PCFs with the above WatchLists or EasyScans and substitute 3.0, 2.5, 2.0, 1.5, and 1.0 points, in that order, for the given range (X) in the 5 PCFs. Set up all 5 PCFs and start with 3.0 and proceed to 1.0 points for X until the PCF yields at least 3 to 5 stocks that indicate a Sort Value of “True”. Trade the 3 stocks with a sort value of “True” in the widest group range with the best trending charts. The second way of writing PCFs for ADRs of 1, 2, 3, 5, or 8 days is to specify the given number of days (X) for all 5 trending periods with 5 separate PCFs set up as follows, which will give you stock candidates with specific individual average daily range values: The PCF Formula is: Average Daily Range for X Days AVGHX - AVGLX Use these 5 PCFs with the above WatchLists or EasyScans and substitute 1, 2, 3, 5, and 8 days, in that order, for the given number of days (X) in the 5 PCFs. Set up all 5 PCFs and start with 1 and proceed to 8 days for X, and flag all stocks with a Sort Value over a given value of 3.0, 2.5, 2.0, 1.5, or 1.0 days until the PCF yields at least 3 to 5 stocks that are flagged. Combine all the flagged stocks from each of the 5 PCFs into a new WatchList, and then re-sort under the ADR for 1 day. Trade the 3 stocks with the highest ADR numbers or sort values with the best trending charts. This method takes longer but gives you stocks with a specific individual average daily range (ADR) for each stock over all 5 trending periods. 3. MACDicator Setups for Inter-Day Longs and Inter-Day Shorts as the PCFs A PCF can not be used to locate intra-day trades (less than one day), since the indicators can cycle from the 80% line to the 20 % line in less than 20 minutes, and the PCF is typically an end of day sort, or at best, 20 minutes delayed. Even if this particular PCF sorts the stocks in the middle of the trading day after updating, by the time a stock is picked, the stochastics can change rapidly from oversold to overbought. The following PCFs are for daily charts only, and they are used on the above ADR Sorts to find the nearest or best MACDicator Setups (when 6 buy/sell indicator signals are imminent or have just occurred based on the PCF conditions listed below) for stocks to be swing traded long or short on an inter-day basis of more than one day. If the stock is to be traded on an intra-day basis of less than a day, you simply wait on these sorted stocks until the respective stock is just past the extreme oversold position on the intra-day chart for the indicators to signal to enter a long position or is just past the extreme overbought position for the indicators to signal to enter a short position (typically on the 5 minute intra-day chart). The PCF Formulas are as follows: MACDicator Setups for Inter-Day Longs (AVGC10 < AVGC20) AND (RSI 5.3 <= 35) AND (RSI 5.3 <= AVG(RSI 5.3,3)) AND (TSV16 < 0) AND (TSV16 <= AVG(TSV16,4)) AND (RSI 21.5 < 50) AND (STOC 5.3 <= 35) AND (STOC 5.3 <= AVG(STOC 5.3,3)) AND (MS <= AVG(MS1,3)) AND (MS <= AVG(MS1,20)) MACDicator Setups for Inter-Day Shorts (AVGC10 > AVGC20) AND (RSI 5.3 >= 65) AND (RSI 5.3 >= AVG(RSI 5.3,3)) AND (TSV16 > 0) AND (TSV16 >= AVG(TSV16,4)) AND (RSI 21.5 > 50) AND (STOC 5.3 >= 65) AND (STOC 5.3 >= AVG(STOC 5.3,3)) AND (MS >= AVG(MS1,3)) AND (MS >= AVG(MS1,20)) Please note the following TCNet Bug in the above PCF Sorts. Spaces can normally be used between the indicator symbols and their chart settings (examples: RSI 5.3 or STOC 5.3), but with some indicators, a space can not be permitted. There is no space between the “V” and the “16” in TSV16 in both PCFs. If you put a space between the “V” and the “16” as in TSV 16, the PCFs will not work. 4. EasyScan with Additional or Auxiliary Personal Criteria Formulas (PCFs) An EasyScan can be applied as a Sub List to add additional conditions or PCFs to filter out or reduce the number of stocks from any of the above WatchLists or Sort Lists. The following EasyScan contains typical PCF conditions that you might want to add: MACDicator System Added Conditions Optionable Stock is optionable C >= 5 Price of $5 or More C <= 50 Price of $50 or LessV1 >= 3000 Minimum volume of 300,000 shares yesterday V > AVGV8 Volume greater than the average for the past 8 days