Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Pull Back Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
Djcue13
Posted : Thursday, May 14, 2015 10:29:12 AM
Registered User
Joined: 4/3/2015
Posts: 8

I can't seem to get my PCF for a Pull back to work:

C > (C + C1 / 2) > (C + C1 + C2 / 3)

Is there a better way to get a short pull back of a trending stock?

Bruce_L
Posted : Thursday, May 14, 2015 10:50:01 AM


Worden Trainer

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

You need to make each comparison individually and connect them with AND instead of putting the comparisons in a series.

C > C + C1 / 2 AND C + C1 / 2 > C + C1 + C2 / 3

I'm guessing you actually mean the following.

C > (C + C1) / 2 AND (C + C1) / 2) > (C + C1 + C2) / 3

Which could be done with moving averages.

C > AVGC2 AND AVGC2 > AVGC3

Although I'm pretty sure this would only be true if the following is also true.

C > C1 AND C1 > C2

As far as pullbacks go, most requests are usually about price pulling back to some level (such as a moving average) or within a certain range of time. I'm going to go with within a certain range of time definition. Could you describe the features of the type of pullback you are trying to identify?



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Djcue13
Posted : Thursday, May 14, 2015 11:09:42 AM
Registered User
Joined: 4/3/2015
Posts: 8

I'm trying to get 3 candle pull back in price with either a 1 minute or 5 minute chart.  I was hoping an average of C + C1 / 2 AND C + C1 + C2 / 3 would give a short-term pull back. from the previous close.

Bruce_L
Posted : Thursday, May 14, 2015 11:34:46 AM


Worden Trainer

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

I would think that in a pullback price would be going down. Your formula would seem to require price going up. If you want price going down for the most recent 2 bars you could just use the following (which is the opposite of what your formula boils down to).

C < C1 AND C1 < C2

I would suspect you want more than just that though. If it is a pullback, you probably want it to have been trending up prior to the pullback. The following would check for price to have two bars ago have the highest close over a 10-bar period with a positive linear regression slope over the same period as well.

C < C1 AND C1 < C2 AND C2 > MAXC9.3 AND 9 * (C2 - C11) + 7 * (C3 - C10) + 5 * (C4 - C9) + 3 * (C5 - C8) + C6 > C7

Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Djcue13
Posted : Thursday, May 14, 2015 12:35:37 PM
Registered User
Joined: 4/3/2015
Posts: 8

Yes, I think this works... Let me test today... Thank you.

Bruce_L
Posted : Thursday, May 14, 2015 12:59:20 PM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.