I am building a 5-minute scan where I look at the OHLC of candlesticks in 5 minute periods, but I also want to filter out stocks that do not meet a daily volume threshold and which are traiding above the high of the previous day.  Is it possible to set up a scan that looks at 5 minute prices but also uses DAILY prices or volume?  In other software I've used, a formula might look something like:

Close[5,1]-Close[5,2] > 0.10 AND VOL[D] > 1000000 AND VOL[D, 1] > 1000000.

This would say the 5-minute close 1 period ago is greater than the 5-minute close 2 periods ago and the Daily Volume today and Yesterday are bother greater than 1 million.  Is there a way to set up PCF formulas in a similar manner?

Thanks.

You can't do this in a single formula in TC2000, but you can do this in a single EasyScan in TC2000 v12.

You would use the following 5-minute Condition Formula:

C1 - C2 > .1

And the following daily Condition Formula.

V > 1000000 AND V1 > 1000000 AND C <= H1

Both Condition Formulas would be added to the same EasyScan.

Building a Scan with Multiple Conditions (7:29)

This approach is good but has a disadvantage that need to be fixed. Ability to reference higher timeframe values in lower timeframe scan. Say I want to include some logic using 5 mins timeframe but want to reference daily / weekly Highs / lows, its not possible to do so. So providing those values in the form of variables would be super helpful. Something like H[d]1, h[w]1, h[60]1 all referencees high of the last daily bar, last weekly bar and the last 60 mins bar. That will make the scan even more powerful as I can write equations with reference to other timeframes. I had reported this more than a year ago but no activity on this enhancement at all.  

Currently for such scans I use tradestation and Ninjatrader. Hope tc2000 supports that sometime soon.

I whole heartedly agree that actually being able to reference time frames within the Personal Criteria Formula Language would be a lot better than only being able to mix time frames in an EasyScan.

Thank you for your suggestion.

Hey Bruce,

Take a look at this video. Is there anyway you can replicate this indicator in TC200?

https://www.youtube.com/watch?v=aliHi7sgX5Y

Geez, the video is over an hour (1:16:57). Any clue where we can fast forward to to see the pertinent info? 

Bruce doesn't have an hour to watch a video - I keep him busy in the forums answering my multiple questions. LOL.

Just kidding. 

Googling, it sounds like a proprietary indicator so I'm not sure it's doable even if it was doable, if you know what I mean. :)

I have no idea after watching the video and doing numerous internet searches how it is calculated or constructed and no idea of how I would reproduce it.

Yeah, I only watched a few minutes but when I did a search the term "proprietary indicator" appeared more often than Trump's tweets.

And they're seriously locked down. Not only do they hit you up for $300-$400 annually depending on your platform but you have to fork over your Customer Number AND Network ID before they hand over the indicator.

Even if Bruce could figure out all their dots and crosses, I'm sure their legal beagles would have a slight probem with it.

Just my opinion. :)