Each of the PCF Indicator formulas below typically provide slightly difference values (although ocassionally they are the same).

Can you tell me which formula based on Daily Candles is more accurate?

((C-O)/O)*100

or

100 * (1 - O/C)

Neither is more accurate. They just check for different things.

The first is the percentage that price is above or below the open as a percentage of the open. It could also be written as follows (this should allow you to better compare it to the second formula).

100 * (C / O - 1)

The second is the percentage that price is above or below the open as a percentage of the close. It could also be written as follows (this should allow you to better compare it the first formula).

((C - O) / C) * 100

Regarding your explanation of the second formula below:

((C - O) / C) * 100

Do you mean that kthis represents the percentage that price is above or below the open as a percentage of the previous day's close?

No, it is the percentage that price is above or below the open as a percentage of the current bar's close (which is the current price).

If the basis was yesterday's close, then the second C would need to be C1 instead.

100 * (C - O) / C1

Thanks, working with these!

You're welcome.

Another question about percentage change...

When I right click on a column tab, then select value, then select basic, and finally select "Today's %" what appears in the new column tab is named "% Change".

My understanding of "Today's %" which is also named "% Change" is the Price Percent Change from Yesterday's Close thru today's Open.

At the close today (Monday 9/10/18) % Change was 11.02%.

Unfortunately, when a TC subscriber clicks on % Change, the formula is hidden from the subscriber.

Now backing up to our previous posts, Bruce, you offered the following (bolded below):

If the basis was yesterday's close, then the second C would need to be C1 instead.

100 * (C - O) / C1

However, when I use this exact formula, the result was 9.79%.

I am seeking a formula that will duplicate Todays% called % Change on the tab.

I meant to say for CVNA "At the close today (Monday 9/10/18) % Change was 11.02%.

If you are trying to duplicate the Todays % or % Change tab, please use the following.

100 * (C / C1 - 1)

Thanks, Bruce! 

You're welcome.