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kamesh1995
Posted : Wednesday, November 29, 2017 2:34:26 PM
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Joined: 11/18/2017
Posts: 56

How can I know as PCF condition the price for intra day or days is surging up or down?

I tried to use Price Surge Up and Price Surge Down built in  and they are not returning any values, even if they are set to daily or for different time frames in a day.

Thanks

Bruce_L
Posted : Wednesday, November 29, 2017 2:53:52 PM


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Joined: 10/7/2004
Posts: 65,138

Please provided a specific unambiguous objective definition of what you mean by "surging".



-Bruce
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kamesh1995
Posted : Wednesday, November 29, 2017 2:58:45 PM
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Joined: 11/18/2017
Posts: 56

During open, price is moving side ways and then started surging up(moving Up) during the day (may pull back after some time, but I want to know, when it starts rising) and the same way it is going down after open.

Thanks

kamesh1995
Posted : Wednesday, November 29, 2017 3:00:20 PM
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Joined: 11/18/2017
Posts: 56

To be specific on one stock, MTSL today started to moving up some time after open

Thanks

Bruce_L
Posted : Wednesday, November 29, 2017 3:02:57 PM


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Joined: 10/7/2004
Posts: 65,138

There is no way to tell as part of an intraday formula when the stocks opened. We can compare the range of the current bar or some smaller number of bars to the range of previous bars to see if it is larger, but there is no way algorithmic way to know if those bars are going to overlap the start of the trading day or not.



-Bruce
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kamesh1995
Posted : Wednesday, November 29, 2017 3:08:27 PM
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Joined: 11/18/2017
Posts: 56

QUOTE (Bruce_L)

 We can compare the range of the current bar or some smaller number of bars to the range of previous bars to see if it is larger.

Can I have the formula for the above?

Thanks

Bruce_L
Posted : Wednesday, November 29, 2017 3:13:09 PM


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Joined: 10/7/2004
Posts: 65,138

As an example, checking for the range of the current bar to be more than twice the total range of the previous ten bars would be:

H - L > 2 * (MAXH10.1 - MINL10.1)

Checking for the range of the current bar to be more than twice the average range of the previous ten bars would be:

H - L > 2 * AVG(H1 - L1, 10)

Checking for the range of the current bar to be more than twice the maximum range of the previous ten bars would be:

H - L > 2 * MAX(H1 - L1, 10)

You can adjust the number of bars before or after the comparison. You can change the 2 * to something else. If you adjust the number of bars on the left side of the inequality, you can use total range, average range, maximum range, or even minimum range on the left side of the inequality just as easily as on the right side.



-Bruce
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kamesh1995
Posted : Wednesday, November 29, 2017 3:23:15 PM
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Joined: 11/18/2017
Posts: 56

Thanks Bruce

Bruce_L
Posted : Wednesday, November 29, 2017 3:51:03 PM


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Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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