Registered User Joined: 6/30/2017 Posts: 1,227
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Good morning Bruce!
One of my daily timeframe setups involves entering limit orders to buy if/when price reaches x% below the current closing price, where x can be pretty much anything you want (e.g., 2%, 4%, ... ).
For example, let's say a stock passed all my conditions, and closed at $7.96. We're using a limit of 6% below the closing price, so we'd use a limit price of $7.48.
What's the PCF syntax? I'd like to add a value column that calculates the value so I don't have to do the math in my head while I'm creating an order ticket.
Thanks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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6% below the current or closing price would be the following.
.94 * C
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 6/30/2017 Posts: 1,227
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Cool, thanks Bruce.
Simpler than I figured.
I always forget about the (1 - whatever percent you want) thing.
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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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