Registered User Joined: 10/7/2004 Posts: 794
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Is there anyway to write a PCF for this set-up?
Price will make a swing low (point 1), retrace upwards to a swing high (point 2), where a downward correction begins. Price would then form another swing low (point 3), which is higher than the previous low (point 1). From this higher swing low (point 3) price then resumes the upward movement, thus confirming the change in the trend. A long trade is then entered when price breaks the previous high formed at point 2.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I cannot think of a way to do so, no.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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