Registered User
Joined: 5/31/2006
Posts: 47
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Hello
I would like to have a %true indicator that shows a weekly inside bar on a daily chart. That is where the last 5 periods high low range is <= the 5 periods before that. Thanks alot.
Mark
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you want the current Weekly Range to be less than the previous Weekly Range, lease try using the following as the Boolean Formula in the Daily Custom Percent True Indicator:
MAXH5 - MINL5 <= MAXH5.5 - MINL5.5
My understanding of an Inside Bar is that the current Bar must be completely contained within the previous Bar however (that said, I'm not a candlestick guy, so take this with a grain of salt):
MINL5.5 <= MINL5 AND MAXH5 <= MAXH5.5
You may wish to review the following:
Visually Backtesting Specific Symbols
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/31/2006
Posts: 47
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Thanks Bruce.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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