New Highs above EMA cross

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Hello everyone! I am having trouble creating a scan that looks for stocks that are within 7% of the 20 day high but I also need the scan to look for stocks whose 10 EMA has been above it’s 25 EMA consecutively for the past 20 days. Thank you so much!

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Posted by (Questions: 34, Answers: 56)
Asked on May 12, 2017 1:27 pm
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I’m going to need more detail on these specifications. A screenshot showing the pattern would be best. When you say ”within 7% of the 20 day high”. Does that mean less than 7% ABOVE the 20 day high? Or less than 7% BELOW the 20 day high?

( at May 12, 2017 1:48 pm)
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Sounds good… 7% BELOW the 20 day high. I don’t have a screenshot of the pattern, sorry.

( at May 12, 2017 3:37 pm)
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The main thing I need is a scan that the 10 EMA has been over the 25 EMA consecutively for the past 20 days.

( at May 13, 2017 3:23 pm)
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Ok, with that clarification let’s begin by solving for “the main thing”. Then you can run some scans and post a screenshot or two showing the other detail. I find it very difficult to comprehend a pattern in the price action that affords both conditions being true. So that’s why I need to see it with my own eyes.

def emaOne = ExpAverage(close, 10);
def emaTwo = ExpAverage(close, 25);
def conditionOne = emaOne > emaTwo;
def sumOfConditionOne = Sum(conditionOne, 20);
def signal = sumOfConditionOne >= 20;
plot scan = signal;

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Posted by (Questions: 37, Answers: 4087)
Answered on May 14, 2017 4:05 pm
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