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Registered User
Joined: 12/18/2004
Posts: 44
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PCF for the following Weekly Candle patterns
1) doji or almost like a doji
2) inverted hammer and hammer and hanging man
3) bullish engulfing and bearish engulfing
4) white closing marubozu and black closing marubozu
5) bullish harami and bearish harami
6) dark cloud cover and piercing pattern
7) comparing the current weekly body to two months average body, excluding current week.
Thank you so much
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Craig answered your question where you originally asked it in Boolean PCFs for Candlestick Patterns. Here is his response:
QUOTE (Craig_S) jfisamm,
Do you realize that "weekly" charts in TeleChart are actually 5-day rolling charts? A pattern seen on a 5-day chart today will likely disappear tomorrow.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/18/2004
Posts: 44
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What I am interested is using the weekly O H L C on a calender week...ie the Open price on Monday, the Hi and Low during the week and the Close on Friday as I only intend to run this PCF after Friday's close.
Is is doable?
Will this work for a weekly doji : O4=C or
(ABS(O4-C)<=((MaxH5-MinL5)*02 or
ABS(O4-C)/MaxH5-MinL5*100
If this is the right syntax for doji, then we should be able to write for other candle patterns.
What do you mean by rolling charts?
If I suspect a possible D. Top forming today on a weeky chart,will this pattern disappear when viewing a weekly chart tomorrow?
Thanks
jfisamm
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The 5-day charts (called Weekly) in TeleChart are not based on calendar weeks. The are 5-day charts. For example, if I download today's close (Wednesday) and look at a"weekly" chart in TeleChart, the most recent bar will NOT be Mon-Wed (3 days). It will be Thurs of last week to Today (5-days). Tomorrow it will be Fri to Thursday (5-days).
Scanning for calendar-based weekly candles is not possible in TeleChart UNLESS the formulas are written for each day you plan on using it (and their are no market holidays).
As a side note, the charts in the Blocks Player are based on calendar time-frames.
To download The Block Player, please check out the Blocks Player Web Site
For information on the Modular Tools by Worden for the Blocks Player, check out the Web Site
- Craig
Here to Help!
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