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Registered User Joined: 10/7/2004 Posts: 1,178
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I've plotted a 34 period XAvgC34 on Price overlaid with Hull Bollinger Bands of 34 periods with two Standard Deviations.
The chart I first look at is a Daily chart. On this 3M chart, let's focus on QGEN with an Open equal to its' Low.
Next, let's look at a 1D (1 minute) chart. We see QGEN moving up from its' Open at $32.98 at 9:31 EST to its' $34.62 High at 9:47 EST.
Long Entry Signal might have been at $33.42 with an ideal Exit about $34.33 at 9:48 EST for a best profit of $0.91 per share.
If the trader misses that $34.33 exit, s/he would aim to exit by 10:22 to 10:24 EST, aware that QGEN has entered a consolidation pattern.
What I am looking for is this: a PCF that shows when Price is greater than the Bollinger Band Top. (See first sentence above).
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I am actually not quite sure from your description if the Bollinger Bands are applied to the moving average.
C > HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34)
Or applied to price.
C > HAVGC34 + 2 * STDDEV34
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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I apologize for not making that clear. Yes, the Hull BBs are a child of the XAvgC34.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Then I think the first formula given above should be what you want.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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The first PCF below works nicely as an area overlay on candlesticks and BBs.
C > HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34)
Back to QGEN (or AMZN or TTWO) -- all with similar patterns.
Bruce, is there any way to calculate with a PCF Indicator, the distance between the BB Top Line referenced above (34 period Hull Bollinger Bands with 2 Std Dev as a child of the XAvgC34)and the Low Price of each one minute current candlestick -- and each subsequent candlestick?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Maybe the following is what you after?
L - (HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34))
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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The PCF Indicator below as a column does work showing a positive value when the candlestick Low is above the BBTop and a negative value when the candlestick Low is below the BBTop.
L - (HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34))
However, because it's slow to calculate, it is viable on a 15 minute timeframe, not the one minute that I use.
Is there any way to speed it up -- now or in future versions of TC?
What changes would it take to speed it up -- changes with Worden, changes in my computer speed?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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i do not know of a way to speed it up in the current Personal Criteria Formula Language or version of TC2000.
It is possible to futher optimizations in future versions might speed it up.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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Thanks for all the help and info.
Lastly, please reverse the below PCF Indicator to one that calculates a PCF how much Price High is less than the Bollinger Band Bottom Line:
C > HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please try the following.
H - (HAVG(XAVGC34, 34) - 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34))
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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This regards my use of a 34 bar 2 Std Dev Hull Bollinger Bands as a child of XAvgC34:
In one of the threads above, I had requested a PCF showing that the closing or last price is above the Bollinger Band Top Line. You offered the one below, which works fine as an overlay on the candlestick price chart.
C > HAVG(XAVGC34, 34) + 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34)
Now, I'd appreciate PCF that works as an overlay on Price showing that the closing or last price is below the Bollinger Band Bottom Line.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please try the following Condition Formula.
C < HAVG(XAVGC34, 34) - 2 * SQR(ABS(SUM(XAVGC34 ^ 2, 34)- 34 * AVG(XAVGC34, 34) ^ 2) / 34)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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It works. Thanks!
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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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