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Registered User Joined: 2/9/2011 Posts: 76
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Hello Bruce,
I have two questions;
1). Is there a way to have a line drawn automatically on my chart to show HOD or LOD, on my chart (say for instance I have a 2 or 5 min chart open but I want to have a line that shows the days High and the day's current low, just the same way we automatically have yesterdays close and todays open on my chart)? Of course the HOD & LOD lines would be dynamic as it would fluctuate based on the current days High or Low... Just ant to be able to plot it.
2. How can I write a formular that says True, if current day's volume = float of the stock?
Thanks Bruce.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There isn't a way to plot the HOD and LOD on an intraday chart in TC2000.
You can't write a formula based on fundamentals, but you can overlay volume and float on the chart in the same pane and scale as each other.
Then you should be able to click on one of the indicators and select Create Condition to create conditions comparing the two indicators.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 2/9/2011 Posts: 76
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That's understandable except that when I have everything setup and I want to in this case, create a condition that says volume 1x or 2x or greater than..... latest float - it can't work. So how do I create a condition using this two parameters (volume and float) overlayed.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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If you want to create a condition for volume being 2x latest float, add 1-Period Envelope Channels to Latest Float with the Width (%) setting set to 100. Then create your conidtion for volume being above the top envelope channel.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 2/9/2011 Posts: 76
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Any particular reasons why it is 1 period and % 100?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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1-period is because a 1 period moving average is the same as the underlying indicator. This means the centerline of the envelope channel will just be the value of Latest Float.
100% is because something that is 2x the value of something is 100% above that same something.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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