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Quiktdr
Posted : Thursday, March 08, 2007 11:24:47 AM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794
A 3-bar set-up
Bar 1 - Red bar
Bar 2 - Red bar with a lower low than the previous bar and higher volume than the previous bar
Bar 3 - Green bar with a higher low than the previous bar
AND (mandatory)
- the RSI(2) is less than 5 and it is associated with 1 of the 3 bars in the set-up.

Is this correct?
H3<H4 AND L3>L4 AND H2>H3 AND L2>L3 AND V2>V3 AND L1>L2 AND RSI2<5
Bruce_L
Posted : Thursday, March 08, 2007 12:53:13 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
The candlesticks in TeleChart combine color and body type to provide both Close versus Open and Close versus yesterday's Close information in the same candle (if Plot down days in a different color is selected).

C > O Hollow
C < O Solid
C > C1 Green
C <= C1 Red

So:

QUOTE (Quiktdr)
A 3-bar set-up
Bar 1 - Red bar

C2 <= C3

QUOTE (Quiktdr)
Bar 2 - Red bar with a lower low than the previous bar and higher volume than the previous bar

C1 <= C2 AND L1 < L2 AND V1 > V2

QUOTE (Quiktdr)
Bar 3 - Green bar with a higher low than the previous bar
AND (mandatory) - the RSI(2) is less than 5

Unsmoothed RSI:

C > C1 AND L > L1 AND RSI2 < 5

Putting this together results in the following:

C2 <= C3 AND C1 <= C2 AND L1 < L2 AND V1 > V2 AND C > C1 AND L > L1 AND RSI2 < 5

QUOTE (Quiktdr)
and it is associated with 1 of the 3 bars in the set-up.

I don't understand this portion of the question.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Quiktdr
Posted : Thursday, March 08, 2007 12:59:36 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794
Bruce,

That was just a note.

Thank you!
Bruce_L
Posted : Thursday, March 08, 2007 1:05:01 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome. Please let me know if it does not work (the most likely reason would be a Wilder's Smoothed RSI instead of an unsmoothed RSI).

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Quiktdr
Posted : Thursday, March 08, 2007 1:17:43 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794
I was just going to write you back. Let's try a Wilder's Smoothed RSI.

TY
Bruce_L
Posted : Thursday, March 08, 2007 1:29:25 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Please try the following instead (I've also added in an AND L > L1 both here and above):

C2 <= C3 AND C1 <= C2 AND L1 < L2 AND V1 > V2 AND C > C1 AND L > L1 AND 100 * ((C > C1) * (C1 - C) + .5 * ((C1 > C2) * (C2 - C1) + .5 * ((C2 > C3) * (C3 - C2) + .5 * ((C3 > C4) * (C4 - C3) + .5 * ((C4 > C5) * (C5 - C4) + .5 * ((C5 > C6) * (C6 - C5) + .5 * ((C6 > C7) * (C7 - C6) + .5 * ((C7 > C8) * (C8 - C7) + .5 * ((C8 > C9) * (C9 - C8) + .5 * ((C9 > C10) * (C10 - C9) + .5 * ((C10 > C11) * (C11 - C10) + .5 * ((C11 > C12) * (C12 - C11) + .5 * ((C12 > C13) * (C13 - C12) + .5 * ((C13 > C14) * (C14 - C13))))))))))))))) / (ABS(C - C1) + .5 * (ABS(C1 - C2) + .5 * (ABS(C2 - C3) + .5 * (ABS(C3 - C4) + .5 * (ABS(C4 - C5) + .5 * (ABS(C5 - C6) + .5 * (ABS(C6 - C7) + .5 * (ABS(C7 - C8) + .5 * (ABS(C8 - C9) + .5 * (ABS(C9 - C10) + .5 * (ABS(C10 - C11) + .5 * (ABS(C11 - C12) + .5 * (ABS(C12 - C13) + .5 * (ABS(C13 - C14))))))))))))))) < 5

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Quiktdr
Posted : Thursday, March 08, 2007 1:39:44 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 794
Thanks, Bruce

I will try it now.
Bruce_L
Posted : Thursday, March 08, 2007 1:41:11 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
BHCO101
Posted : Friday, March 09, 2007 10:02:40 AM
Registered User
Joined: 3/8/2007
Posts: 11
Hi,

I was suggested to use the following pcf for scans:

"First, I want the stock to be up for the day (Price Percent Change today, 0.01 to Max), the stock to be trading above the 50 dma (C > AVGC50), the 50 dma to be above the 200 dma (AVGC50 > AVGC200).

Second, I want the volume to be at least 1.5x the 50 day volume average (V > 1.5 * AVGV50). On one scan I have stocks that have to avg. 100k shares a day for the past 50 days (AVG50 >= 1000). On a seperate one I have one that trades avg. 20k to 100k (more speculative, wider spreads) (AVGV50 >= 200 AND AVGV50 <= 1000)."

I tried to do it and it was confusing for me. can somebody help me please?
Bruce_L
Posted : Friday, March 09, 2007 10:07:06 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
BHCO101,
You may wish to review the following:

PCF question

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
BHCO101
Posted : Friday, March 09, 2007 10:35:06 AM
Registered User
Joined: 3/8/2007
Posts: 11
C > C1 AND C > AVGC50 AND AVGC50 > AVGC200 AND V > 1.5 * AVGV50

This is what i have saved as the PCF.

i am still getting stocks with 50 dma under the 200 dma.

what should i do?
BHCO101
Posted : Friday, March 09, 2007 10:36:40 AM
Registered User
Joined: 3/8/2007
Posts: 11
i am also getting stocks that were down on a percent base from prior day
Bruce_L
Posted : Friday, March 09, 2007 10:40:09 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
BHCO101,
The PCF appears to be correct and I'm not experiencing either issue. Please provide examples of symbols returning True that do not meet the conditions of the Personal Criteria Formula. You may wish to review the following:

Things to check if your moving averages don't "seem right" or "seem to match"

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
BHCO101
Posted : Friday, March 09, 2007 10:50:50 AM
Registered User
Joined: 3/8/2007
Posts: 11
PLCE MMR
Bruce_L
Posted : Friday, March 09, 2007 11:04:02 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
BHCO101,
When updated through 03/08/2007 Market Close, neither PLCE nor MMR return True for C > C1 AND C > AVGC50 AND AVGC50 > AVGC200 AND V > 1.5 * AVGV50 on my system.
When updated through 03/09/2007 11:00 AM ET (Data delayed at least 20 minutes), neither PLCE nor MMR return True for C > C1 AND C > AVGC50 AND AVGC50 > AVGC200 AND V > 1.5 * AVGV50 on my system.

How are you determining that the Personal Criteria Formula is returning True? Are you viewing the results in a Watchlist Column? Are you using the PCF as an EasyScan Condition?

You may wish to review the following:

Create your own stock rankings using WatchLists and Sort conditions
Using EasyScan to find stocks that meet your own criteria
Customize the Information Displayed in the WatchList

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
BHCO101
Posted : Friday, March 09, 2007 11:10:38 AM
Registered User
Joined: 3/8/2007
Posts: 11
It says false when i test em.

to tell u the truth, i don't know what the heck i'm doing wrong. this is my second day using this.
BHCO101
Posted : Friday, March 09, 2007 11:13:31 AM
Registered User
Joined: 3/8/2007
Posts: 11
How are you determining that the Personal Criteria Formula is returning True? Are you viewing the results in a Watchlist Column? Are you using the PCF as an EasyScan Condition?

I don't think the PCF is returning true.

I think i am viewing the results in a watchlist column

I think i am using the PCF as an easyscan condition.

I dont know, how the heck am i supposed to know all this in one day???

I'm sorry, this is just so confusing. and no technical support over the phone just makes it more frustrating for me.
Bruce_L
Posted : Friday, March 09, 2007 11:19:16 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
BHCO101,
I guess I'm really not just understanding the issue. If you don't think the Personal Criteria Formula is returning True for either PLCE or MMR, why did you give them as examples of symbols with a problem? Can you describe how TeleChart is not working as expected?

The best place to start learning about TeleChart is the following topic:

If you are new to TeleChart READ THIS FIRST!

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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