Registered User Joined: 8/13/2018 Posts: 24
|
Hello Folks,
I'm a member of the TC2000 Communitix since four days and I'm really excited about the possibilities from this board and the software.
Now I'm looking for a setup and don't know how I should realize it as a PCF, maybe you can help me ...
For example the stock corrects over 20 weeks about 30%, then over 10 weeks about 20% and after that over 5 weeks about 10% and so on ... how can I realize that in PCF?
Thank you in advance,
Steffen
|
Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
I am not quite sure what you mean by corrects. Do you just need to have a range contraction with those specific percentages and number of weeks (the following formula would be set to a weekly time frame)?
MAXH5 < 1.1 * MINL5 AND 1.1 * MINL10.5 < MAXH10.5 AND MAXH10.5 < 1.2 * MINL10.5 AND 1.2 * MINL20.15 < MAXH20.15 AND MAXH20.15 < 1.3 * MINL20.15
Or maybe that plus having the shorter ranges fall entirely within the longer ranges?
MAXH5 < 1.1 * MINL5 AND MINL10.5 < MINL5 AND MAXH5 < MAXH10.5 AND 1.1 * MINL10.5 < MAXH10.5 AND MAXH10.5 < 1.2 * MINL10.5 AND MINL20.15 < MINL15.5 AND MAXH10.5 < MAXH20.15 AND 1.2 * MINL20.15 < MAXH20.15 AND MAXH20.15 < 1.3 * MINL20.15
I am guessing you actually want something else, but I am not quite sure what it is based on your description.
-Bruce Personal Criteria Formulas TC2000 Support Articles
|
Registered User Joined: 8/13/2018 Posts: 24
|
Thank you for the description. In detail I'm locking for the syntax to find the VCP Patters like Mark Minervini describet in his books.
|
Registered User Joined: 8/13/2018 Posts: 24
|
Here is the the description:
During a VCP, you will generally see a succession of anywhere from two to six contractions, with the stock coming off initially by, say, 25 percent from its absolute high to its low. Then the stock rallies a bit, and then it sells off 15 percent. Then buyers come back in, and the price goes up some more,and finally it retreats 8 percent. The progressive reduction in price volatility, which will be accompanied by a reduction in volume at particular points, eventually signifies that the base has been completed.
As a rule of thumb, I like to see each successive contraction contained to about half (plus or minus a reasonable amount) of the previous pullback or contraction. The volatility, measured from high to low, will be greatest when sellers rush to take profits. When sellers become scarcer, the price correction will not be as dramatic, and volatility will decrease. Typically, most VCP setups will be formed by two to four contractions, although sometimes there can be as many as five or six. This action will produce a pattern, which also reveals the symmetry of the contractions being formed. I call these contractions Ts.
|
Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
I cannot think of a generalized method using the Personal Criteria Formula Language based on that definition.
-Bruce Personal Criteria Formulas TC2000 Support Articles
|
Registered User Joined: 8/13/2018 Posts: 24
|
I had already feared this, but thank you very much Bruce
|
Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
|