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Quick and easy candlestick scan help needed Rate this Topic:
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RyanP
Posted : Friday, February 17, 2017 6:46:42 AM
Registered User
Joined: 4/17/2014
Posts: 27

Good morning Bruce/other gurus,

I need some help with an easy PCF for a scan I'm building. The criteria I'd like to include are:

  • Price is greater than the previous 40 periods;
  • Current candle and 1 previous candle are white;
  • No gap between current candle and 1 previous candle;
  • Price is currently in the top 10% of the current candle

You guys are all invaluable assets to the trading community, and I am grateful for any assistance you can give to me here!

Thanks!

Bruce_L
Posted : Friday, February 17, 2017 8:25:03 AM


Worden Trainer

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

The following Condition Formula assumes price needs to be above the highs of the previous 40 periods and that a gap up requires the low to be above the previous high.

C > MAXH40.1 AND C > O AND C1 > O1 AND L <= H1 AND STOC1 >= 90

If price only needs to be above the closing prices of the previous 40 candles.

C > MAXC40.1 AND C > O AND C1 > O1 AND L <= H1 AND STOC1 >= 90



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
RyanP
Posted : Thursday, February 23, 2017 9:45:38 AM
Registered User
Joined: 4/17/2014
Posts: 27

Thank you as always Bruce; you are awesome!

RyanP
Posted : Thursday, February 23, 2017 10:10:23 AM
Registered User
Joined: 4/17/2014
Posts: 27

Oh crap; just noticed you missed a few key points. I need:

  • Price is greater than the previous 40 periods;
  • Current candle and 1 previous candle are white;
  • No gap between current candle and 1 previous candle;
  • Price is currently in the top 10% of the current candle

All these to be true. So NO gap, prive > than the previous 40 (you've given me that), current and previous are C >O, and current price is within the top 10% of the current candle's body (I saw this one in the webinar from last week).

Really appeaciate the help Bruce!

Bruce_L
Posted : Thursday, February 23, 2017 10:22:13 AM


Worden Trainer

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

The formulas should already specify all of these things unless you have a different definition of gap up than a low above the previous high.

QUOTE (RyanP)
Price is greater than the previous 40 periods;

prive > than the previous 40 (you've given me that)...

First option:

C > MAXH40.1

Second option:

C > MAXC40.1

QUOTE (RyanP)
Current candle and 1 previous candle are white;

...current and previous are C >O...

C > O AND C1 > O1

QUOTE (RyanP)
No gap between current candle and 1 previous candle;

...So NO gap

L <= H1

QUOTE (RyanP)
Price is currently in the top 10% of the current candle

...current price is within the top 10% of the current candle's body (I saw this one in the webinar from last week).

STOC1 >= 90



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
RyanP
Posted : Monday, February 27, 2017 4:07:11 AM
Registered User
Joined: 4/17/2014
Posts: 27

SO sorry Bruce; this is what comes from not really being able to read this stuff... Feel free to dunce-hat me.

And again, MANY thanks!

Bruce_L
Posted : Monday, February 27, 2017 8:33:30 AM


Worden Trainer

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

Not a problem. I thought you had tested it and the results did not meet your expectation.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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