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Worden Discussion Forum
How do I create a PCF for highest and lowest relative strength last 5 days?
Thank you in advance!
Ok thank you
Was this lost in cyberspace?
I am looking to scan stocks that are > = the XAVGC10 by at leat 20%
This is my attempt C>= XAVGC10*1.20 is this correct?
Is there a way of designing a custom formula for specific indices crossing above or below a ema?
Thank you for your prompt response!
Thank you Stock Guy how would this be presented for version 7 ?
Did I miss the response to my quiry?
Take any given stock and look at all the daily bars for the past 10 days. Next subt-act all the highs from all the lows to get all the daily ranges for each of the 10 daily bars and then calculate the average range for those ten days. Let's call this AVERAGE DAILY RANGE. Next divide each daily range by two to get the midpoint for each day. Now find the average midpoint for the 10 days. Let's call this AVERAGE MIDPOINT. Next take 125 % of the AVERAGE DAILY RANGE and add it to the AVERAGE MIDPOINT and that becomes our trading signal to buy tomorrow.
Thus we have created a signal using only two parameters, AVERAGE DAILY RANGE and AVERAGE MIDPOINT.
Thank you Bruce!!!