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Thank you very much.
This is very helpful.
I never thought about it in terms like you presented with rounding errors and that there would not be exact identicality.
I think close enough to identical for me is probably within 0.5,so that's what I will try for the difference.
I am spending time on this because I think the above pcf is worthy of the efforts.
Thank you for your efforts,
Many thanks for trying.
The pcf looks for identical tsi values over the past 2 bars which can be quite useful.
This clearly demonstrates the limitations of the old syntax.
If I were using V. 17 could I use this pcf as written:
XAVG(XAVG(C - C1,3), 8) / XAVG(XAVG(ABS(C - C1), 3), 8) =
XAVG(XAVG(C1 - C2,3), 8) / XAVG(XAVG(ABS(C1 - C2), 3), 8) ?
Would the below pcf from V 17 be possible using the old formulas?
XAVG(XAVG(C1 - C2,3), 8) / XAVG(XAVG(ABS(C1 - C2), 3), 8)
Thank you for any help,
Please help me understand the above template.
First the price change is calculated ie. C-C1
The way the above is written it looks like the short period smoothing is done before the long period smoothing. Stockcharts.com has the long period first, then the short period.
Double Smoothed PC
PC = Current Price less Prior Price
First Smoothing = 25-period EMA of PC
Second Smoothing = 13-period EMA of 25-period EMA of PC
Double Smoothed Absolute PC
Absolute Price Change |PC| = Absolute Value of Current Price less Prior Price
First Smoothing = 25-period EMA of |PC|
Second Smoothing = 13-period EMA of 25-period EMA of |PC|
What am I getting wrong here?
Fantastic job compiling all of these templates so they are readily accessible,
Thank you very much!
There is no way to reference the start of the day in an intraday time frame, so a formula which would automatically check for consolidation since the start of the trading day in a 5 minute time frame is not possible.
Identifying consolidation can be done a variety of ways.
Identifying the breakout can be done a variety of ways.
Really, the point is that you need to define both the consolidation and the breakout to create a formula, not that any particular technique is better than any ohter technique.
TC2000 v17 didn't add a way to identify the start of the trading day, but it still might be able to help us with the addition of the CountTrue(), SinceTrue() and TrueInRow() functions.
Version 17 PCF Capabilities
I wish there was an easy way to preserve some of these excellent comprehensive posts like the above.
I really appreciate the above post.
Many thanks for helping me understand this valuable trick.
I am wondering how universally the trick above can be applied.'
Can this trick be used to convert any Boolean into a dot plotted on the chart?
Thank you for helping me understand.
I really like the trick of plotting a dot 1.005 times the high.