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Registered User Joined: 6/30/2017 Posts: 1,227
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Happy New Year Bruce!
Been boning up on theta-decaying spreads lately - haven't touched your latest-and-greatest TTM Squeeze workspace in a while ...
What's the easiest/best way to set up a Scan on a Daily chart showing tickers that have a Squeeze Off today (I'd usually be scanning after the close - I just took today off work) and had a Squeeze On the day before.
For now, I just want to eyeball on a Daily chart after work, looking for Squeezes that just "popped" ... then I'm going to watch them for a few days.
Thanks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The following formula is pretty efficient for this in TC2000 v18.
TrueInRow(STDDEV20 * 4 > 3 * ATR20, 2) = 1
-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! Just got back from my coffee run. Will try in a minute.
Is this a PCF you just whipped up? Or is it one of the several that are pinned off to the side in your workspace? One day, I want to go through all those PCFs. But, one thing at a time. :)
Another question ... I always forget how this works. I'd normally be running this scan after wrok when the market is closed, for possible trading the next day. SInce I'm off today and am going to run this in a few minutes ... does that matter? Is the PCF different for intraday vs end-of-day scanning?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I did just "whip it up" instead of looking it up, but that formula, or something similar at least, is in one of the pinned panes.
As long as you are interested in the current bar and not a past bar, the formula is the same. If you are only interested in completed bars for example (so one bar ago while the current bar is forming), then you would need to use the following instead.
TrueInRow(STDDEV20.1 * 4 > 3 * ATR20.1, 20) = 1
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 6/30/2017 Posts: 1,227
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Thanks, Bruce!
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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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