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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Moving average convergence

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cupcake
Posted : Friday, January 6, 2012 12:43:38 PM
Gold Customer Gold Customer

Joined: 10/7/2004
Posts: 3
 How do I write a PCF for the following condition: The 8dma that nearly equals the 20dma that nearly equals the 50dma.It is easy to write a PCF  saying exacty but that never(or near never) happens. I need some 2-3% leaway.
Thank you
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Bruce_L
Posted : Friday, January 6, 2012 1:01:26 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 The following Condition Formula would check for all three moving averages to be within 2% of each other:

(AVGC8 + AVGC20 + ABS(AVGC8 - AVGC20) + 2 * (AVGC50) + ABS(AVGC8 + AVGC20 + ABS(AVGC8 - AVGC20) - 2 * (AVGC50))) / (AVGC8 + AVGC20 - ABS(AVGC8 - AVGC20) + 2 * (AVGC50) - ABS(AVGC8 + AVGC20 - ABS(AVGC8 - AVGC20) - 2 * (AVGC50))) <= 1.02

You could change the 1.02 at the end of the formula to 1.03 to check for 3% instead.

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-Bruce
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