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Registered User
Joined: 4/22/2009
Posts: 5
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Dan Fitzpatrick @ stock market mentor is using the following criterion for all his charts:
bb width <=6% of value of the 50 day ma
how would i set this up?
thank you
susan
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
It is impossible for me to say without knowing the settings of the Bollinger Bands. If we use the 50-Period Moving Average as a clue to mean it is a 50-Period BB 50,10 (just guessing wildly at the width), you could use the following Personal Criteria Formula as an EasyScan Condition:
100 * (2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 + C20 ^ 2 + C21 ^ 2 + C22 ^ 2 + C23 ^ 2 + C24 ^ 2 + C25 ^ 2 + C26 ^ 2 + C27 ^ 2 + C28 ^ 2 + C29 ^ 2 + C30 ^ 2 + C31 ^ 2 + C32 ^ 2 + C33 ^ 2 + C34 ^ 2 + C35 ^ 2 + C36 ^ 2 + C37 ^ 2 + C38 ^ 2 + C39 ^ 2 + C40 ^ 2 + C41 ^ 2 + C42 ^ 2 + C43 ^ 2 + C44 ^ 2 + C45 ^ 2 + C46 ^ 2 + C47 ^ 2 + C48 ^ 2 + C49 ^ 2 - 50 * AVGC50 ^ 2) / 49)) / AVGC50 <= 6
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
PCF Formula Descriptions
Finding Expanding or Contracting Bollinger Bands
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/22/2009
Posts: 5
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the bollinger bands are set at 20 20.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Then the formula would be:
100 * (4 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19)) / AVGC50 <= 6
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/22/2009
Posts: 5
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thank you bruce!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/4/2009
Posts: 3
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I am a SMM member and I think the formula you may be referencing is the "Price relative to Bolinger Bands"? If so, here you go....
(C - (AVGC20 - 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 + C8 * C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13 * C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17 + C18 * C18 + C19 * C19) - (AVGC20 * 20) * (AVGC20 * 20)) / (20 * 20)))) / (((AVGC20 + 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 + C8 * C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13 * C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17 + C18 * C18 + C19 * C19) - (AVGC20 * 20) * (AVGC20 * 20)) / (20 * 20))) - (AVGC20 - 2 * SQR((20 * (C * C + C1 * C1 + C2 * C2 + C3 * C3 + C4 * C4 + C5 * C5 + C6 * C6 + C7 * C7 + C8 * C8 + C9 * C9 + C10 * C10 + C11 * C11 + C12 * C12 + C13 * C13 + C14 * C14 + C15 * C15 + C16 * C16 + C17 * C17 + C18 * C18 + C19 * C19) - (AVGC20 * 20) * (AVGC20 * 20)) / (20 * 20))))) AND C1 >= 2 AND V1 > 1000
I added a close abobe $2 and volume greater than 100,000 to "his" formula to produce the above.
Mayb e that helps.
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Registered User
Joined: 4/22/2009
Posts: 5
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thank you
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