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Bruce or other TC2000 expert:
I posted this in an existing post but wasn't sure if you would see it or not so now posting as a new post. I am wondering if you can help create a scan based on several indicators. The last indicator would combine three indicators into one. I don't think either of the three would be particularly difficult for you except that they are based on Wilder RSI which I think makes things more complicated. This is what I need to create:
1. c>5.00
2. xavgvol21>1,000,000
3. avgadx10>30
4. L=< .92c1
5. C=< ((C-L) / (H-L)) *0.10 (This is supposed to be close in bottom 10% of day's range)
6. The part that gets complicated for me is combining the next three indicators A, B & C into one indicator...
A. Momentum using: WRSI(3)
B. Trend duratiion:
Period Close price Duration
1 $20 -
2 $20.50 1
3 $20.75 2
4 $19.75 -1
5 $19.50 -2
6 $19.35 -3
7 $19.35 0
8 $19.40 1
Take the above measurement of trend duration and apply WRSI(2) to that data
C. Finally, Magnitude of Price Change:
c= $81.60 c1= $80 so ($81.60-$80.00)/$80.00= 15% = one day return. Compare today's one day return to return of past 100 days' one day returns. Assume 3 of those days are less than 15% (today's one day percent return) then 3/100 = 0.03 or 3%
Take all three indicators and divide: Assume: RSI(3) =10, RSI(2)of trend duration = 8 and Magnitude of Price Change = 3.....so (10+8+3)/3 = 7. If the average of the three indicators < 15 and the rest of the conditions above are met it signals a buy.
Is there anyway you can write something like this?
Thanks Phil
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Bruce:
I am wondering if you can help create a scan based on several indicators. The last indicator would combine three indicators into one. I don't think either of the three would be particularly difficult for you except that they are based on Wilder RSI which I think makes things more complicated. This is what I need to create:
1. c>5.00
2. xavgvol21>1,000,000
3. avgadx10>30
4. L=< .92c1
5. C=< ((C-L) / (H-L)) *0.10 (This is supposed to be close in bottom 10% of day's range)
6. The part that gets complicated for me is combining the next three indicators A, B & C into one indicator...
A. Momentum using: WRSI(3)
B. Trend duratiion:
Period Close price Duration
1 $20 -
2 $20.50 1
3 $20.75 2
4 $19.75 -1
5 $19.50 -2
6 $19.35 -3
7 $19.35 0
8 $19.40 1
Take the above measurement of trend duration and apply WRSI(2) to that data
C. Finally, Magnitude of Price Change:
c= $81.60 c1= $80 so ($81.60-$80.00)/$80.00= 15% = one day return. Compare today's one day return to return of past 100 days' one day returns. Assume 3 of those days are less than 15% (today's one day percent return) then 3/100 = 0.03 or 3%
Take all three indicators and divide: Assume: RSI(3) =10, RSI(2)of trend duration = 8 and Magnitude of Price Change = 3.....so (10+8+3)/3 = 7. If the average of the three indicators < 15 and the rest of the conditions above are met it signals a buy.
Is there anyway you can write something like this?
Thanks Phil
I want to get values for each indicator and then for the actual indicator, divide the values by 3...so
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I was told by a rep yesterday that the new version of tc2000 now allowed for writing formulas with Wilders RSI. I can see on my charts that Wilders RSI is notated as WRSI. But when I try to write any formula the only syntax I can use is RSI which the results show is definitely not Wilders RSI. Is there anyone that can help with this. I thought I would now be able to use WRSI and write conditions....guess that is not the case???
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