Registered User Joined: 3/11/2012 Posts: 13
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Hi Bruce,
Please let me know a PCf formula that indicates a price reversal on an annual chart.
Prices moving from a down trend to a uptrend revrsal and price reversal moving down from an uptrend.
Thanking you in anticipation.
Srini
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There are all sorts of techniques used to identify trend reversals. You can look for Swing High and Swing Low patterns, Pivot High and Pivot Low patterns, moving averages to be crossing through each other the +DI and -DI crossing in a Directional Movement indicator, the Linear Regression Slope crossing through zero as well as many other ideas. Any Personal Criteria Formula would depend on your particular definition.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Platinum Customer
Joined: 1/16/2011 Posts: 7
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Can you provide me with a PCF Formula for Ichimolu Cloud: Conversion Line going up through the base line and Conversion Line going down through the base line? Thank You.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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A Condition Formula for the Conversion Line crossing up through the Base Line could be written as:
MAXH9 + MINL9 > MAXH26 + MINL26 AND MAXH9.1 + MINL9.1 <= MAXH26.1 + MINL26.1
A Condition Formula for the Conversion Line crossing down through the Base Line could be written as:
MAXH9 + MINL9 < MAXH26 + MINL26 AND MAXH9.1 + MINL9.1 >= MAXH26.1 + MINL26.1
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/11/2012 Posts: 13
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QUOTE (Bruce_L)
There are all sorts of techniques used to identify trend reversals. You can look for Swing High and Swing Low patterns, Pivot High and Pivot Low patterns, moving averages to be crossing through each other the +DI and -DI crossing in a Directional Movement indicator, the Linear Regression Slope crossing through zero as well as many other ideas. Any Personal Criteria Formula would depend on your particular definition.
Thanks for the reply.
I was thinking of moving average or the stocasthics as the definition for getting a monthly trend reversal.
Is there a PCF that could be used.
Thanks in advance
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Traditional techniques using moving averages or stochastics would involve checking for MACD crossing through its trigger line or 0 or stochastics crossing through its trigger line or through 80 or 20.
Understanding MACD
Understanding Stochastics
The trainers can't give setting, interpretation or investment advice. That said, common MACD settings would be an exponential MACD 12,26,9 and simple stochastics 14,3,3.
A Condition Formula for an exponential MACD 12,26 crossing down through its 9-period exponential moving average can be written as:
XAVGC12 - XAVGC26 < XAVG(XAVGC12,9) - XAVG(XAVGC26,9) AND XAVGC12.1 - XAVGC26.1 >= XAVG(XAVGC12.1,9) - XAVG(XAVGC26.1,9)
A Condition Formula for an exponential MACD 12,26 crossing up through its 9-period exponential moving average can be written as:
XAVGC12 - XAVGC26 > XAVG(XAVGC12,9) - XAVG(XAVGC26,9) AND XAVGC12.1 - XAVGC26.1 <= XAVG(XAVGC12.1,9) - XAVG(XAVGC26.1,9)
A Condition Formula for an exponential MACD 12,26 crossing down through 0 can be written as:
XAVGC12 < XAVGC26 AND XAVGC12.1 >= XAVGC26.1
A Condition Formula for an exponential MACD 12,26 crossing up through 0 can be written as:
XAVGC12 > XAVGC26 AND XAVGC12.1 <= XAVGC26.1
A Condition Formula for a simple stochastic 14,3 crossing down through its 3-period simple moving average can be written as:
STOC14.3 < AVG(STOC14.3,3) AND STOC14.3.1 >= AVG(STOC14.3.1,3)
A Condition Formula for a simple stochastic 14,3 crossing up through its 3-period simple moving average can be written as:
STOC14.3 > AVG(STOC14.3,3) AND STOC14.3.1 <= AVG(STOC14.3.1,3)
A Condition Formula for a simple stochastic 14,3 crossing down through 80 can be written as:
STOC14.3 < 80 AND STOC14.3.1 <= 80
A Condition Formula for a simple stochastic 14,3 crossing up through 20 can be written as:
STOC14.3 > 20 AND STOC14.3.1 <= 20
-Bruce Personal Criteria Formulas TC2000 Support Articles
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