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Registered User Joined: 10/18/2008 Posts: 260
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Hi Bruce
Wuold you help me with two PCF scans where;
-The monthly RSI is at a 3-year high
-The monthly MACD is at a 3y high
Not sure if its possible.
Thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Something like the following (using a monthly time frame)?
WRSI14 = MAX(WRSI14, 36)
And:
MACD12.26 = MAX(MACD12.26, 36)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/18/2008 Posts: 260
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Thank you Bruce
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Registered User Joined: 3/10/2012 Posts: 465
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Bruce formula for RSI above that u did , i just modified to my need
WRSI14 = MAX(WRSI14, 252) this gives me max wrsi value in last 252 bars
WRSI14 = MIN(WRSI14, 252) this gives me min wrsi value in last 252 bars
So my question is
How to get Second Lowest High value in 252 bars and third lowest high value in 252 bars for wrsi 14
and
How to get Second Highest Low value in 252 bars and third Highest low value in 252 bars for wrsi 14
thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You don't. the formulas are theoretically possible, but way too long and slow to be practical for Wilder's RSI over 252 bars.
PCF for Order Statistics
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/10/2012 Posts: 465
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Okay Bruce no worries.. but one more question...
In the above PCF that I did for max and min... if i wish to know Divergence function
for example " WYNN" on 4 hour chart
the above Min252 low pcf was true and then the wrsi 14 moves higher while price is making lower low , s
So now my question is how to write this pcf when Price is Making Lower LOW while WRSI14 is making Higher Low after confirming WRSI14 = MIN(WRSI14, 252)
and reverse for knowing when price is making HIGHER HIGH while WRSI14 is making Lower High after cofirming WRSI14 = MAX(WRSI14, 252) example "NFLX " on hourly chart
thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The basic idea would be the following. But this is the longest lookback without being too long and slow to be practical or post in the forums, and I am not sure it goes back far enough to be useful to you.
L < IIF(WRSI14.1 = MIN(WRSI14.1, 252), IIF(WRSI14 > WRSI14.1, L1, L - 1), IIF(WRSI14.2 = MIN(WRSI14.2, 252), IIF(WRSI14 > WRSI14.2, L2, L - 1), IIF(WRSI14.3 = MIN(WRSI14.3, 252), IIF(WRSI14 > WRSI14.3, L3, L - 1), IIF(WRSI14.4 = MIN(WRSI14.4, 252), IIF(WRSI14 > WRSI14.4, L4, L - 1), 1 / 0))))
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/10/2012 Posts: 465
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Ok Bruce let me test them and i will come back with my questions if any ... thanks
by the way on V18 can we now figure out to scan and sort WRSI14 current value in terms of fibonacci percentage when retracement drawn from Fractal higher high to lower low and vice versa ..
I can put images if u need to know of what i m intending to achieve but i asked u this question last year
thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No. This already uses the techniques we used for price and this is all the longer we can make it. Wilder's RSI is way more computationally intensive than just price on its own.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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