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LAST price vs. the CLOSING price Rate this Topic:
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thomasjenkinsjr
Posted : Friday, October 11, 2013 10:47:56 AM
Registered User
Joined: 4/1/2011
Posts: 90

Hi Bruce,

I'm looking to run intraday scans in v12.3 during the last 30mins of the trading day. If i'm tring to find stocks where the LAST price at the time of the scan (as opposed to the CLOSE price because the market would still be open at the time i am scanning) is within 5% or 1% of the HIGH for the current day. Would i use the PCF's below?

Close in top 5% of Range:

H - C <= (H - L) * .05

Close in top 1% of Range:

H - C <= (H - L) * .01

Thanks in advance.
 

Bruce_L
Posted : Friday, October 11, 2013 10:55:58 AM


Worden Trainer

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

C is just the current price until the market closes, so yes, those PCFs should work just fine. Although they could be shortened to the following for price being in the top 5% of range:

STOC1 >= 95

Or the following for price being in the top 1% of range:

STOC1 >= 99

Understanding Stochastics



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
benjaekel
Posted : Sunday, October 13, 2013 11:12:13 PM
Registered User
Joined: 9/1/2013
Posts: 7

Can the formulas above also be used as visual induacstors in the charts?

ty.

Bruce_L
Posted : Monday, October 14, 2013 8:55:43 AM


Worden Trainer

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

If you select Add Indicator and choose Custom PCF % True Indicator from the list, you can use one of the formulas as the Boolean Formula to get a spike on the chart when it is true.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
thomasjenkinsjr
Posted : Wednesday, October 16, 2013 4:15:04 PM
Registered User
Joined: 4/1/2011
Posts: 90

Hey Bruce, 

Can you write me two PCFs?

One that will find the stocks that went up the most within the last year.

and another that will find stocks that went up the most within the last two years.

Thanks on advance.

 

Bruce_L
Posted : Wednesday, October 16, 2013 4:25:08 PM


Worden Trainer

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

You can create Indicator Formulas returning the 1-year price percent change in a daily time frame:

100 * (C / C252 - 1)

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

And use it as a WatchList Column and sort.

Adding & Editing WatchList Columns
Sorting with Indicators
Sorting with Pre-Built Columns

Or as an EasyScan Condition.

Building a Scan with Multiple Conditions

It is not possible to do the same for 2 years as there are only 500 bars of daily data available. You could however use the same formula with a 2-day time frame to calculate a 2-year price percent change.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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