Tutorial - Scans - Arithmetics in Scans
Let's looks at the following scan.....
(HI + LO + CL) / 3 > MA
In this scan, we will emphasize the importance of bracketing or parenthesizing when using arithmetic in scans. We will run the above scan on Daily data. As you can see from the expression above, this scan is taking the average of today's High, Low, and Closing prices and comparing that average with a moving average. The quotepage that results will consist of instruments whose current days average is greater than it's moving average.