The most basic indicators in TC2000 are for price and volume. Everything else in the Personal Criteria Formula flow from price and volume. The syntax for price and volume is also the simplest in the PCF Language being represented by a single letter each for the open, high, low, close and volume.

The syntax for the open of a price bar is:

O

The syntax for the high of a price bar is:

H

The syntax for the low of a price bar is:

L

The syntax for the close of a price bar is:

C

And the syntax for the volume of an individual bar is:

V

When used on its own, this syntax represents either the open, high, low, close or volume of the current bar.

This syntax only accepts a single parameter for the number of bars ago as an argument.

O5

Is the open of the price bar 5 bars ago.

H3

Is the high of the price bar 3 bars ago.

The count starts at 0 for the current bar, so instead of using L for the the low of the current bar we could use.

L0

And in a daily time frame, the following would be the close of yesterday.

C1

You may have noticed the frequent reference to bars above instead of days. This is because the syntax and calculations in the Personal Criteria Formula Language are always based on bars which could be for any time frame.

You can use the Time Frame drop-down menu to set the default time frame of an Indicator (PCF) Formula or Condition (PCF) Formula when you are creating or editing it, but the time frame used for the PCF is actually based on the context of where the PCF is being used.

So if you are using the formula as part of a Custom PCF Indicator being plotted on the chart, it would use the time frame of the chart. If you are using the PCF as a WatchList Column or EasyScan Condition, you can set the time frame there to something besides the default you set up for formula when you created it.

Back to Personal Criteria Formulas.