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Long Black Candle followed by a Gapping Long White Candle Rate this Topic:
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bobhovik
Posted : Friday, July 18, 2014 10:37:16 AM
Registered User
Joined: 3/12/2005
Posts: 40

A strong down day.  A gap up.  The gapping candle must be a strong up day.  A two Candle pattern.

Bruce_L
Posted : Friday, July 18, 2014 11:19:38 AM


Worden Trainer

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

Long and gap are both terms which are subject to significant disagreement between different candlestick practitioners on the web.

The following Condition Formula uses two criteria for "long". The candle must be more than twice the size of an average candle (I'm using a past value of a 20-period moving average of range for this) and the individual wicks must be relatively short and constitute less than 20% of the candle.

The following Condition Formula defines the gap up as the low of the current candle being above the high of the previous candle.

H - L > 2 * (AVGH20.2 - AVGL20.2) AND H - C < .2 * (H - L) AND O - L < .2 * (H - L) AND L > H1 AND H1 - L1 > 2 * (AVGH20.2 - AVGL20.2) AND H1 - O1 < .2 * (H1 - L1) AND C1 - L1 < .2 * (H1 - L1)

If you have different definitions in mind for these terms, the Condition Formula would need to be adjusted to match your particular definitions.

Boolean PCFs for Candlestick Patterns



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dazzy
Posted : Wednesday, January 17, 2018 11:30:04 PM
Registered User
Joined: 1/17/2018
Posts: 7

Bruce,

Please help me.  I am new to TC2000.  When I click on New Condition PCF Formula and paste  a formula

that you provided to another user, I get the error message  "Please enter a formula"

 

thanks

 

Bruce_L
Posted : Thursday, January 18, 2018 7:53:32 AM


Worden Trainer

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

Pleasy try copying and pasting the formula into a text editor (such as Notepad and not a word processor like Word). Then copy and paste from the text editor into TC2000.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dazzy
Posted : Thursday, January 25, 2018 10:42:45 AM
Registered User
Joined: 1/17/2018
Posts: 7

That worked Bruce,. Thanks!

Bruce_L
Posted : Thursday, January 25, 2018 11:04:10 AM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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