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Creating a formula for a pinbar Rate this Topic:
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j_f_mcgovern
Posted : Sunday, June 2, 2013 8:08:19 PM
Registered User
Joined: 1/31/2013
Posts: 8

Hi,

 
I am trying to produce a formula for a Pinbar. I watched the webinars and have read the webpages but I can't make the formulas from the webinars work and my own simple formula for a Pinbar is:
 
(H-O) > ((O-L) x 10) = 1
 
 
(Highest price today - Open Price today) IS TENS TIMES GREATER OR MORE THAN (Open Price today - Lowest Price today)
 
Can you help me with this formulas, please?
 
Many thanks.
 
James

 

diceman
Posted : Sunday, June 2, 2013 8:15:56 PM
Registered User
Joined: 1/28/2005
Posts: 6,049

What does equal one mean?

It should equal one when true?

 

 

 

 

 

 

Thanks

 

 

 

j_f_mcgovern
Posted : Monday, June 3, 2013 8:23:33 AM
Registered User
Joined: 1/31/2013
Posts: 8

I'm not sure of the format to use.

Does (H-O) > ((O-L) x 10) give me (Highest price today - Open Price today) IS TENS TIMES GREATER OR MORE THAN (Open Price today - Lowest Price today)?

Because it's giving me all kinds of different, unexpected results?

Thanks

 

Bruce_L
Posted : Monday, June 3, 2013 9:01:26 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You would want the following:

H - O > 10 * (O - L)

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