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Registered User
Joined: 1/28/2005
Posts: 14
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I like to know how to create a PCF to find double bottom and top Stochastic patterns. The time frame is about one month.
Thank for the help in advance.
Gary
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I used Stochastics of 15 and 5. Make changes to fit your stochastic settings.
Sort any WatchList in ascending order by this PCF:
ABS(MAX(STOC15.5,10) - MAX(STOC15.5.10,10))
It compared the highest high in the last 10 days to the highest high in the ten days before that. The lower the number, the closer they are. You can play around with the time frames to find double tops over different time frames.
Below is the same formula for the lows in Stochastics.
ABS(MIN(STOC15.5,10) - MIN(STOC15.5.10,10))
- Craig
Here to Help!
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Registered User
Joined: 5/20/2005
Posts: 178
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Craig,
is there a way to create pcfs for a certain length of time on stock price itself to find double tops and double bottoms?
james
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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jlin827,
You may be interested in the following:
Scanning for Stocks Printing a Double or Triple Bottom
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/20/2005
Posts: 178
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ABS(MAX(STOC15.5,10) - MAX(STOC15.5.10,10))if i want to change from comparing the high of last 10 days to the high of last 20 days before that, is it,ABS(MAX(STOC15.5,10) - MAX(STOC15.5.10,20))or ABS(MAX(STOC15.5,10) - MAX(STOC15.5.20,10)) thanks
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Administration
Joined: 9/30/2004
Posts: 9,187
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ABS(MAX(STOC15.5,10) - MAX(STOC15.5.10,20))
The ,10 and ,20 determine the lookback period. The .10 is the moving average of STOC15.5.
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Registered User
Joined: 5/20/2005
Posts: 178
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i see, Thanks
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Registered User
Joined: 5/20/2005
Posts: 178
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if i want to look for stoch. double bottom and to compare recent 20 day low to 20 days low prior to that, is the following pcf correct?
ABS(MIN(STOC15.5,20) - MIN(STOC15.5,40))
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Yes, your formula would be correct.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 1,006
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QUOTE (jlin827) if i want to look for stoch. double bottom and to compare recent 20 day low to 20 days low prior to that, is the following pcf correct?
ABS(MIN(STOC15.5,20) - MIN(STOC15.5,40))
Possibly this is what was meant, last 20 days to the previous 20 days, 20 days ago.
Maybe jlin827 wants to go back 40 days from day 0 which would make jlin827 PCF correct.
ABS(MIN(STOC15.5.0,20) - MIN(STOC15.5.20,20))
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Registered User
Joined: 10/7/2004
Posts: 1,006
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QUOTE (StockGuy) ABS(MAX(STOC15.5,10) - MAX(STOC15.5.10,20))
The ,10 and ,20 determine the lookback period. The .10 is the moving average of STOC15.5.
My understanding:
(STOC15.5.0,10), the 0 is the lookback or 0 periods ago to start, the 10 is the number of periods.
(STOC15.5.10,20), the 10 is the lookback or 10 periods ago to start, the 20 is the number of periods.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Winnie is right. I'm not quite sure what I was thinking.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/20/2005
Posts: 178
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Thank you both, Bruce and Winnie
jlin827
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome. Our pleasure.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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