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Reversal Bar Indicator Help Rate this Topic:
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Brown7477
Posted : Monday, August 14, 2017 9:05:24 AM
Registered User
Joined: 7/28/2017
Posts: 4

I could really use some creating a reversal bar indicator.

I would like to highlight a bar if it meets the following criteria:

Bullish:  Highlight with a green dot below any bar that Has a lower low than the previous bar and Opens and Closes in the top 1/2 of the current bar. Or can open in the Bottom 1/2 and close in the Top 1/2 of current bar. Color of bar is not important as long as it closes in the Top 1/2..

 

Bearish:  Highlight with a red dot above any bar that Has a higher high than the previous bar and Opens and Closes in the lower 1/2 of the current bar. Or can open in the Top 1/2 and close in the Lower 1/2 of current bar. Color of bar is not important as long as it closes in the Lower 1/2..

https://www.screencast.com/t/MERJygPJkHA5  (screenshot)

I am new to TC2000 so I am having a difficult time figuring out to create and apply any custom indicators.

 

Thanks in advance

Bruce_L
Posted : Tuesday, August 15, 2017 10:18:02 AM


Worden Trainer

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

Please try ovelaying the following Custom PC Indicator in the same pane and scale as price using the Dot Plot style set to green for your bullish dots.

IIF(L < L1 AND H > L AND STOC1 >= 50, L, 1 / 0)

Please try overlaying the following Custom PC Indicator in the same pane and scale as price using the Dot Plot style set to red for your bearish dots.

IIF(H > H1 AND H > L AND STOC1 <= 50, H, 1 / 0)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Brown7477
Posted : Tuesday, August 15, 2017 7:25:12 PM
Registered User
Joined: 7/28/2017
Posts: 4

Perfect. Thank you.

Is there a way to get the dots a little above and below the bars? 

They are right at the top and the bottom, but would look clearer if the was some space between them.

Bruce_L
Posted : Wednesday, August 16, 2017 8:36:20 AM


Worden Trainer

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

Do you see near the end of the formulas where there is , L, 1 / 0) and , H, 1 / 0)?

The L and H given here are where the dots are plotted. So you can replace L with L - .01 or .99 * L and H with L + .01 or 1.01 * H to offset the dots by a penny or 1% (and you can adjust these adjustments to adjust how far the dot is offset).



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
donsteve81
Posted : Monday, August 21, 2017 11:44:36 AM
Registered User
Joined: 10/21/2010
Posts: 2

Hi,

 

is this board live?

 

Al_Gorithm
Posted : Monday, August 21, 2017 11:50:04 AM

Registered User
Joined: 6/30/2017
Posts: 1,227

Define "live" :)

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