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Scanning for Hammers with Candlestick PCFs Topic Rating:
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toddland
Posted : Tuesday, May 09, 2006 6:56:00 AM
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Joined: 3/1/2006
Posts: 11
when I create a new easy scan, just with this pcf, it still comes back as true? It does not give me a value
Craig_S
Posted : Tuesday, May 09, 2006 7:03:40 AM


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Joined: 10/1/2004
Posts: 18,819
What happens when you sort a WatchList by the PCF?

What happens if you delete and recreate the PCF?

- Craig
Here to Help!
toddland
Posted : Tuesday, May 09, 2006 4:49:41 PM
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Joined: 3/1/2006
Posts: 11
It still gives me a true value instead of a range. When I change the watchlist to say flagged items, and short by body as % of shadow, it does not show a value in the sort colum.
Doug_H
Posted : Tuesday, May 09, 2006 4:56:08 PM


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Joined: 10/1/2004
Posts: 4,308
When you tested your PCF, you posted back that it gave you a result of 31.52. That exact PCF could not possibly return a TRUE or FALSE result in an EasyScan if it returned a value when you tested it.

It think we're having a bit of a communication problem here, and that your dilemna could be easily solved if you were to have someone talk you through this on the phone. Unfortunately, we trainers are not equipped to handle phone support, so you will need to contact the support staff at (919) 408-0542.

If the problem is not one of communication, then it is a technical problem, and you'll need to talk to support for that, anyway. I really think that a quick phone call will get this problem solved for you. I believe they have access to this site, so you might want to direct them to this video thread, so they can see what you're trying to do.

- Doug
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markd859123
Posted : Monday, June 12, 2006 5:00:08 PM
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Joined: 5/31/2006
Posts: 33
Hi
I would like to use the 2 formulas you posted under the video on the first page to find monthly hammers. How would I do this? Thanks.
Mark
Bruce_L
Posted : Monday, June 12, 2006 5:05:30 PM


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Joined: 10/7/2004
Posts: 65,138
markd859123,
Please try the following formula variations:

Monthly Body as % of Shadow
ABS(C - O20) / (MAXH21 - MINL21) * 100

Monthly Body Center as % of Shadow
(((C + O20) / 2) - MINL21) / (MAXH21 - MINL21) * 100

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
markd859123
Posted : Monday, June 12, 2006 5:15:41 PM
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Joined: 5/31/2006
Posts: 33
Thanks Bruce
Bruce_L
Posted : Monday, June 12, 2006 5:19:21 PM


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Joined: 10/7/2004
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markd859123,
You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
aaawww
Posted : Saturday, July 01, 2006 10:08:50 PM
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Joined: 3/4/2005
Posts: 44
I'm sure these candlestick PCF'S are saved in a library somewhere online for your users ... how do I access them (vs having to rewrite them) ???

thanks ... gz
Craig_S
Posted : Sunday, July 02, 2006 8:11:47 AM


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Joined: 10/1/2004
Posts: 18,819
All PCFs have to be created by the user. Here is a video on how to create PCFs: How to create a Personal Criteria Forumula (PCF)

- Craig
Here to Help!
SILVERWESOKE
Posted : Monday, July 24, 2006 3:56:09 PM
Gold Customer Gold Customer

Joined: 6/29/2005
Posts: 885
Bruce..

I have the two main pcfs in a scan adn they are ranked.

Then I went to add your :

Body Bottom as % of Shadow:
(O+C-2*L-ABS(O-C))/(H-L)*50

Am I correct in adding that or is that just another way of finding out where the bottom is on the candle?
When I add it to the scan it doesnt change the number of stocks that i end up with compared to not adding it..

Thanks
Bruce_L
Posted : Monday, July 24, 2006 4:03:33 PM


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Joined: 10/7/2004
Posts: 65,138
QUOTE (cgross)
Am I correct in adding that or is that just another way of finding out where the bottom is on the candle?

Yes. It should return the position of the Bottom of the Candle versus the entire Range (from 0 to 100).

QUOTE (cgross)
When I add it to the scan it doesnt change the number of stocks that i end up with compared to not adding it..

It's not a Boolean Formula. Have you adjusted the Rangefinder?

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Craig_S
Posted : Monday, July 24, 2006 4:04:59 PM


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Joined: 10/1/2004
Posts: 18,819
This PCF returns where the bottom of the body is as a percent of the whole channel. Values of 0 put the body at the bottom of the shodow (no bottom wick)

- Craig
Here to Help!
Hoahhoah
Posted : Saturday, August 12, 2006 11:52:47 AM
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Joined: 3/30/2006
Posts: 4
Hey Craig,
I am new here so I have been reviewing your video about the hammer and the hangman cnadlestick patterns. I copied and psted your formulas but when I run a test it says the number of days is required. How do I set the number of days to 5? I like wroking with weekly charts, they tend to iron out fluctuations
Craig_S
Posted : Saturday, August 12, 2006 12:04:09 PM


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Joined: 10/1/2004
Posts: 18,819
That number means the number of days of data the PCF needs to calculate its numbers, not the number of days/bar on the chart.

Check out this video: How to create a Personal Criteria Forumula (PCF)

Try this PCF to find weekly hammer:

((((C<O4)*C)+ ((C>O4)*O4))*(-1))-MINL5>=(MAXH5-MINL5)*0.75 AND
(MAXH5-MINL5)>(AVGH100-AVGL100)

Try this PCF to find weekly hangman:

(((C<=O4)*O4)+ ((C>O4)*C))>(MAXH5*0.95) AND
((((C<=O4)*C)+ ((C>O4)*O4)) – MINL5) > (MAXH5-MINL5)*0.75

Be sure to also check out this post: Use PCFs and EasyScan to find Bullish Engulfing Candlesticks

- Craig
Here to Help!
Hoahhoah
Posted : Saturday, August 12, 2006 12:42:39 PM
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Joined: 3/30/2006
Posts: 4
Thanks for the quick response to my hammer question.
Craig_S
Posted : Saturday, August 12, 2006 1:33:42 PM


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Joined: 10/1/2004
Posts: 18,819
My pleasure.

- Craig
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