 Platinum Customer
Joined: 2/3/2010
Posts: 6
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Looking for pcf scan to write for a stock that has broken up and above its upper bollinger band. Ideally if I could find a scan where the candle is completely out of the band would be great. If not just a strong break of the upper band.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
The formula will depend on your exact Bollinger Band settings. For a Bollinger Band 20,20, you could try using the following Personal Criteria Formula as an EasyScan Condition:
L > AVGC20 + 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19)
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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