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Jim Dean

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Subject : RE: month time frame
Posted : 12/30/2010 11:13 AM
Post #22615 - In reply to #22614

If you want to do a MONTHLY BAR scan for price > 10-monthly-bar simple moving average, you will need to use an approximate formula for it in OmniScan, since OmniScan only supports Daily bars at this time. Since each month has approximately 21 trading days, here is what you could use for a ten-month SMA test in OmniScan:

C > ( C + C[21] + C[42] + C[63] + C[84] + C[105] + C[126] + C[147] + C[168] + C[189] ) / 10


If you do not own OmniScan, but you do have OT Pro, you can create an indicator with that formula and use it to sort the Focus List - but it does take more time to execute. Or, if OT2009 supports Monthly bars, the formula would be: C > SMA(10) with the chart set to monthly.


I don't know anything about the Ivy Portfolio except that it has several ETF's in it. If you want to somehow look at those ETF's as a group, you might be able to combine them into a custom symbol, using Group Trader, but you will not be able to model special "weighting" of them that the Ivy Portfolio might call for. Again, I know nothing about the Ivy Portfolio - I'm just guessing.

If all you want to do is to check several ETF's from not too long a list, to see if their price is above the monthly SMA(10), then open a chart, plot a Moving Average - Simple on it, set the periods to 10, and change the chart to monthly bars. If there are only a few ETF's that you need to check, you could do it manually without OmniScan.

I hope this helps.

[Edited by Jim Dean on 12/30/2010 11:15 AM]

Deleting message 22615 : RE: month time frame


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