Registered User Joined: 12/30/2012 Posts: 39
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I need a PCF to find stocks at the top of their Bollinger Band. Thank you for your help.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Price will almost never be exactly equal to the top Bollinger Band (unless price has been flat for the entire period of the Bollinger Band), but the following Condition Formula checks for the price bar to be touching the top simple Bollinger Band 20, 2.00.
ABS(AVGC20 + 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20) - (H + L) / 2) <= (H - L) / 2
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
-Bruce Personal Criteria Formulas TC2000 Support Articles
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