TAZ SCAN
Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScript
Forum Discription: Technical discussion related specifically to the BullScript programming language.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=529
Printed Date: 05 Apr 2025 at 10:38pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: TAZ SCAN
Posted By: DAVHOW
Subject: TAZ SCAN
Date Posted: 04 Dec 2008 at 10:31am
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Hi all,
I'm wandering if someone on this forum would be kind enough to redo the scans i've down loaded from another sight into bullscript for me,i've tried but can't get anywhere with it,just can't come to grips with writing bullscript , i've also tried the bullscript generator which didn;t help.
{Generated BullScript for "TAZ LONG" scan} ema(60,DAILY volume) > 150000 anddaily high < yesterday's daily high andYesterday' s daily high < 2 days ago daily high andsma(10, close) > ema(30, close)anddaily close > daily ema(30,daily close)anddaily close < daily sma(10,daily close)anddaily close > daily sma(200,daily close)andweekly sma(10,weekly close) > weekly ema(30,weekly close)andADX Line(10) > 20.0 andclose >= 5{TAZ CROSSOVER LONG} daily sma(20,daily volume) > 100000 and daily sma(60,daily close) > 5 and [daily sma(10,daily close) crosses daily ema(30,daily close){TAZ CROSSOVER SHORT} daily sma(20,daily volume) > 100000 and daily sma(60,daily close) > 10 and daily sma(10,daily close) < daily ema(30,daily close) and yesterday's daily sma(10,daily close) >= yesterday's daily ema(30,daily close) Thanks in advance for your help------------- DavHow |
Replies:
Posted By: peter1
Date Posted: 04 Dec 2008 at 11:56pm
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Relax. You don't have to know anything about Bullscript to configure a Bullscan. Create your criteria one by one using the "New" criteria button. You can easily edit these as you become familiar with the results of your scan. You may have to modify the volume and price parameters for the ASX market. I have included an image of your criteria as you have posted. I have not included the weekly criteria as you cannot scan using different timeframes in the one scan. (You can use the multiscan function for this.) Note: There is another TAZ scan using the Williams%R (3) indicator. I think this is a better scan as the W%R indicator provides an early warning. (Check original website.)  |
Posted By: peter1
Date Posted: 05 Dec 2008 at 12:21am
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I also have a TAZ chart template.
I use the template when scrolling through my cfd watchlist looking for short term trades.
This template includes the 10,30 ema with the buy/sell markers. I use the Williams%R(5) indicator as my early warning signal. This indicator does a good job highlighting the necessary retracements.
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Posted By: DAVHOW
Date Posted: 05 Dec 2008 at 7:05pm
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Hi Peter1 Thanks for your prompt and helpfull reply,i managed to recreate the scan using Bullscan manager,it's alot easier.Thanks again. You mentioned using the multiscan function? What is this and where can i find it? Also the TAZ sight i visit only use the Williams%(3) to assess the over brought/over sold regions of the main indices such as the ASX 200 to help judge if theres a possibility of a trend change, not as a confirmation tool for entry.just wandering what your thought are? Thanks again
cheers
dave ------------- DavHow |
Posted By: peter1
Date Posted: 05 Dec 2008 at 7:31pm
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Thanks Dave. Multiscan is one of the many features that are hidden in BullCharts.
Type multiscan in the BullScan help search function for more info.
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Indicators on indicies, IMO, are a waste of time if you are trading individual stocks.
I use the W%R as a screening tool so that I don't have to look at every two bar correction inside the TAZ.
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Posted By: DAVHOW
Date Posted: 09 Dec 2008 at 10:02am
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Hi Peter1
Thanks for the prompt reply ,
Multi scan looks like a great feature but doesn't come up when i press the shift or ctrl key. any suggestions that might fix the problem
Not sure what you mean,When you say that indicators on indicies,IMO?( not sure what this stands for) are a waste of time if you are trading individual stocks?
just wandering if you can expand on this as i'm interested in your reasons why.
------------- DavHow |
Posted By: peter1
Date Posted: 09 Dec 2008 at 12:48pm
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First you have to create all your scans, then highlight all the scans that you want to be run and select RUN, this will bring up the multiscan function. IMO = In my opinion, IMHO = In my humble opinion. Indicators on an index may provide some info about the index. Individual stocks however do their own thing and sometimes a sector moves opposite to the index for a short time. If you are looking for TAZ stock setups then I prefer to screen using the stock's indicator, not the index's. However it is very prudent to select the setups that may move in the same direction as the index. |
Posted By: peter1
Date Posted: 09 Dec 2008 at 1:21pm
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Dave: Read about the "first retracement" setup and then look for them in your charts and then in your scan results.
If you like this setup then focus on them and become very good at trading them.
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Posted By: DAVHOW
Date Posted: 13 Dec 2008 at 11:11am
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Hi peter1;
Thanks for clarifying those points for me and also for sharing your thoughts and knowledge ,
it makes sense that stocks in a sector are going to change direction before its shown on the index chart.
i was wandering if you could recommend any books or web sights in regard to "first retracement"setups?
------------- DavHow |
Posted By: peter1
Date Posted: 14 Dec 2008 at 3:11pm
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Info about the first retracement (pullback) is in Craig's TAZ website, under "The Strategy, trading pullbacks menu.
Trading these first pullbacks within the TAZ setups are good low risk opportunities that a competent trader can turn into a positive expectancy trading plan.
Start by trading these in the same direction as the index.
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Posted By: brentjedi
Date Posted: 16 Feb 2009 at 12:11am
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peter1 could you generate Bullscript from the scan on the advance tab and post it.? Thanks for tip to find out about TAZ. ------------- Trading is art of self |