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Registered User
Joined: 5/19/2005
Posts: 100
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I have been trying to write a PCF to find evening star and morning start formations...can someone show me how to do it?
Thanks,
Eric
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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(note that this is the procedure I go through anytime I am looking for a candle pattern. Candle patterns are only relationships between four elements per bar)
These patterns focus on the following relationships
Close two days ago vs open two days ago
Top of the body two days ago vs bottom of the body yesterday
Bottom of the body two days ago vs top of the body yesterday
Close today vs open today
Top of Body 2 days ago vs Top of Body today
Bottom of Body 2 days ago vs Bottom of Body today
Now I will create PCFs that reveal these six relationships. Each of these are seperate PCFs and need to be created and added to your system. One for each relationship.
Close as % Open 2days ago
C2/O2*100
Body Top 2days ago vs. Body bottom yesterday
((((C2>O2)*C2) + ((O2>C2)*O2))*(-1)) / ((((C1<O1)*C1) + ((O1<C1)*O1))*(-1))*100
Body bottom 2days ago vs. Body top yesterday
((((C2<O2)*C2) + ((O2<C2)*O2))*(-1)) / ((((C1>O1)*C1) + ((O1>C1)*O1))*(-1))*100
Close as % Open today
C/O*100
Body Top 2days ago vs Body Top today
(((-1)*(C2>O2)*C2) + ((-1)*(C2<O2)*O2))/(((-1)*(C>O)*C) + ((-1)*(C<O)*O))*100
Body bottom 2days ago vs Body bottom today
(((-1)*(C2<O2)*C2) + ((-1)*(C2>O2)*O2))/(((-1)*(C<O)*C) + ((-1)*(C>O)*O))*100
Once you have these six PCFs created you can now create two scans. Once for morning, one for evening
Here are the conditions and limits to use:
Morning Star
Close as % Open 2days ago
(VALUE MIN to 100)
Body bottom 2days ago vs. Body top yesterday
(VALUE 100 to MAX)
Close as % Open today
(VALUE 100 to MAX)
Body Top 2days ago vs Body Top today
(VALUE 100 to MAX)
Body bottom 2days ago vs Body bottom today
(VALUE MIN to 100)
Evening Star
Close as % Open 2days ago
(VALUE 100 to MAX)
Body Top 2days ago vs. Body bottom yesterday
(VALUE MIN to 100)
Close as % Open today
(VALUE MIN to 100)
Body Top 2days ago vs Body Top today
(VALUE 100 to MAX)
Body bottom 2days ago vs Body bottom today
(VALUE MIN to 100)
Here are videos on PCFs and EasyScan you should review:
How to create a Personal Criteria Forumula (PCF)
Constructing more versatile and reusable Personal Criteria Formulas
Using EasyScan to find stocks that meet your own criteria
Here are some more candle videos you may like
Use PCFs and EasyScan to find Bullish Engulfing Candlesticks
Scanning for Dojis followed by gaps with Candlestick PCFs
Scanning for Hammers with Candlestick PCFs
Scanning for "Spinning Top" Candlesticks
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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(note that these pattern are supposed to be occuring in the context of an up or down trend)
I would sort the resulting WatchList each EasyScan creates by Price Percent Change 1 Month in ascending or descending order so they are ranked by their 1-month trend.
- Craig
Here to Help!
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Registered User
Joined: 5/19/2005
Posts: 100
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Works great, thanks...
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Glad to hear it!
- Craig
Here to Help!
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