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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Condition formula for engulfing when in oversold stochastics

Condition formula for engulfing when in oversold stochastics Rate this Topic:
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RemyRadu
Posted : Sunday, March 17, 2019 3:10:47 PM
Registered User
Joined: 3/16/2019
Posts: 1

Hi 

I'm a new client here. I'm looking for a new condition formula for engulfing (dayly) when stochastics in oversold (let's say lower then 40). Can you help me please?

 

Thank You

 

Octavian
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Bruce_L
Posted : Monday, March 18, 2019 9:26:00 AM


Worden Trainer

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

The following uses a simple stochastic 12,3 %K and checks for both the body to engulf the previous body and the candle to engulf the previous candle (separetely and without allowing for equality).

L < L1 AND LEAST(O, C) < LEAST(O1, C1) AND GREATEST(O1, C1) < GREATEST(O, C) AND H1 < H AND STOC12.3 < 40


-Bruce
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