Registered User Joined: 10/7/2004 Posts: 1,178
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I am interested in PCF Indicators that show percentage values in order to contrast possible positions, both long and short. I'd like a percentage value that indicates the higher the percent, generally the greater the gain will be.
Also, as the percentage value declines, that becomes an alert to consider exiting the position.
Please provide the percentage relationships between these two:
First, for long trades: C-O to H-O
Second, for short trades: O-C to O-L
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Registered User Joined: 10/7/2004 Posts: 1,178
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TWTR would be an example of a good result with a high percentage now at 11:21 AM EST.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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C - O as a percentage of H - O can be written as follows.
IIF(H > O, 100 * (C - O) / (H - O), 0)
O - C as a percentage of O - L can be written as follows.
IIF(O > L, 100 * (O - C) / (O - L), 0)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 1,178
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Thanks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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