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Registered User
Joined: 3/25/2009
Posts: 14
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Hi,
I have designed a layout and there are 2 charts with almost the same buy and sell signals based upon 5 minute bars on top and 15 minute bars on the bottom.
To analyze, I open the 'backscanner,' and click on the 'results' tab on the left side of the window to see compiled results and then click on 'trades' to see a list of trades over the last 8 months. In the upper right of backscanner, it indicates that the rules are linked to the 15 minute chart and not both charts.
My goal is to reduce the number of minimally productive and losing trades. I would like to test a 'buy long' signal in the backscanner whereby a signal would occur when the existing buy signal for the 5 minute chart AND the existing buy signal for the 15 minute chart BOTH are 'true' for their specific charts. .
The sell signal could be 'or' based but should use the existing sell signals from both the 5 minute and the 15 minute bar charts.
The challenge is that the program (as I see it) doesn't allow for this as a standard feature. I hope a trainer can tell me how, using real-code, to combine rules from 2 charts into a single backscanner, or, how to present price bars in 2 different time frames in 1 chart.
Can you offer any suggestion to achieve this result?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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For your Sell Signals where the signals are Or based from multiple Charts, you could just Drag and Drop the Rules from the desired Charts into BackScanner. This is not possible for your Buy Signals where you need to And the Rules from Multiple Time Frames using Combo Rules however.
To create Combo Rules using Multiple Time Frames, you need to add the Indicators of interest to the same Chart multiple times (one for each Time Frame of interest) and manually adjust the Time Frames in the Block Diagrams. The rules based on different time frames topic has an example.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/25/2009
Posts: 14
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Thank you. I got to the point where I could select an alternate block but didn't see one that will allow me to change the time frame. Hoping to compare moving averages based upon 5 minute price bars with moving averages based upon 30 minute price bars on the same chart in order to create 'AND' rules based upon both of them.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If the Indicator is a parent Indicator and uses a Block Diagram it is usually possible to change the Time Frame from that used by the Chart itself. If you right-click on an Indicator of this type and select Block Diagram, there will usually be Prices and/or Volume Blocks that accept Time Frame input. This will normally be connected to the Main Time Frame. If you left-click and drag on the Time Frame input and select Select Block & Connect, you should be given a list of adjustable Time Frame Blocks that can be used instead.
If the Indicator is a Child Indicator, you usually need to adjust the Time Frame of any Parent Indicators in order to adjust its Time Frame.
I've attached a Price Indictaor with a Time Frame Block connected to the Price Block. You should be able to Open an attached Indicator directly into a running copy of StockFinder (and save it from within StockFinder if desired).Attachments:
Price History w Time Frame.sfInd - 4 KB, downloaded 860 time(s).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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