How to Create a Condition Set With Multiple Conditions
Combining multiple conditions in a Condition Set is simple. Conditions can be mixed and matched from different indicators, in different time frames and created in different ways (e.g. from the chart, out of the library or with formula PCFs). For this example we are going to create a Condition Set to find stocks which meet the following criteria now: Price between $10 and $100, Average Daily Volume Greater than 500,000 shares, Stochastics is overbought and the stock is currently making a new 50 day high.
1. Click EasyScan in the main toolbar
2. Click New Condition Set
Selecting New Condition would allow you to create a single new condition instead of a new set of conditions.
3. This opens the Condition Set editor
4. Click Add Condition to begin build the first condition
Use the typing shortcut to select Price as the indicator to use. Click PRICE in the list.
Click the Condition dropdown and select Is Between from the list.
Set the desired Minimum and Maximum values and click OK.
Note: when creating individual conditions, click the Save button to name and add them in the condition library for re-use.
5. Add the next condition
Click + Add Condition (the example will be: Average Volume Greater than 500,000 shares per day)
Use the typing shortcut in the Search field to type the number 90.
Select Volume 90-Day from the list.
Set the Greater Than value to 500000 and click OK.
6. Add the next condition
Click + Add Condition (the example will be: Stochastics overbought)
Use the typing shortcut in the Search field to type part of the word Stochastics
Select Stochastics from the list.
Set the Condition (Greater Than) value to 80 and click OK.
7. Add Final Criteria
Click + Add Condition (Price New 50 Bar High)
Use the typing shortcut to select Price as the indicator to use. Click PRICE in the list.
Click the Condition drop down and select New High. Set the At field to 50. Click OK.
The Condition Set is now complete.
- TC2000 assumes that the condition set is being constructed with all conditions set to the same timeframe (e.g. daily or 1-min). To mix timeframes, click the Use mixed timeframes tick box.
- When constructing Condition Sets, click the Copy Conditions button to copy conditions to the clipboard to use elsewhere in TC2000.
- Click the Save button to name and save the condition set.
8. Run the Scan
Click Scan in the Edit window to run the scan on the default WatchList
To learn how to set the default WatchList for sorting and scanning, click here.
9. Review Results
The resulting list of symbols will meet all of the Conditions that were set as part of the Condition Set. The number next to the blue Funnel icon tells how many conditions are in the Condition Set.
The time stamp next to Scanned shows when the Scan was last updated.
To refresh the Scan results click the icon which looks like two arrows going in a circle.
Streaming Scans: TC2000 Platinum users can Stream up to 15 such Scans simultaneously. TC2000 Gold users can stream a single scan. Choosing a refresh rate allows you to decide how often you want your scan results to be automatically re-scanned. Click the Refresh drop down menu.
Choose the time interval at which you want your scan to be refreshed. TC2000 automatically re-scans the WatchList to update results on that interval.
To apply the condition to any time frame, click the TimeFrame dropdown to choose the desired bar interval.
To sync the time frame to any other tool window (e.g. the Chart) use the TimeFrame link menu
10. Edit Condition Set
To re-enter/Edit the Condition Set conditions, click on the blue Funnel icon
Click on any of the Conditions
Change criteria settings in the Editor. Click OK when completed.
Note: the conditions in this article are only examples. Any indicators, fundamentals, PCFs, etc., within TC2000 can be used in an EasyScan.
The conditions and results of the Scan examples should not be construed as a recommendation to buy or sell any security. They are presented solely for educational purposes.