Percentage from a moving average.

[coupster]

Hi,
How do I create a scan that just alerts me when price is above the SMA50 and just 8% away from tagging it?  The percentage part I believe requires me to enter the advance mode and I don't know C#. Using the rule editor is really easy with the drop downs but no % option - thanks for any help

 

[Mike Medved]

Make a rule-based scan for price above SMA50. Then convert it to advanced. That will generate the C# code. Then you modify it to your taste.

 

I am not sure what you mean by "8% away from tagging it". 8% is huge in stock-price terms

[Jerry Medved]

btw, lets say after you convert, result is something like this:
 

public void MainCalculation()
{
    if (Close > EMA_Line)
    {
        SetColorAndShape("NearEMA", PBShape.Default, 0xFFFF4EBB);
        TriggerAlert("NearEMA");
        SetScanResult(@"NearEMA");
    }
}

to make it so it alerts when the price is 8% below the EMA, you just change the IF statement to be
if (Close > EMA_Line * 0.92)

[coupster]

The last line of the post above is the golden nugget I couldn't figure out.  Thank you guys for the quick help, you guys are the best!