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Old PCF but can't remember who developed it or its meaning Rate this Topic:
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bknight
Posted : Sunday, June 20, 2010 9:14:56 AM
Registered User
Joined: 12/19/2004
Posts: 415
I was cleaning up charts this morning and came upon a custom indicator:

(((STOC13.3 <= 20)) AND ((STOC13.3.1 < STOC13.3)) AND (C <= ( (MAXH15 - MINL30) * .618 + MINL30) AND C >= ((MAXH15 - MINL30) * .382 + MINL30) AND MAXH15 = MAXH30 AND MINL15 > MINL30)) * ((C - MINL30) / ( MINL30 - MAXH15))

There was another with < and > reversed.  I can't remember who developed it and what was the expected outcome?

Any help from anyone on this one?
jas0501
Posted : Sunday, June 20, 2010 11:26:36 AM
Registered User
Joined: 12/31/2005
Posts: 2,499


((
'
' Stoc < 20 and moving down
'
(STOC13.3 <= 20)) AND ((STOC13.3.1 < STOC13.3)) 

AND 
'
' close between fibonnacci range 0.618 and 0.382 of the 15 day high
'
(C <= ( (MAXH15 - MINL30) * .618 + MINL30) AND C >= ((MAXH15 - MINL30) * .382 + MINL30) 

AND 
'
' 15 day hi and also new 30 day high
'
MAXH15 = MAXH30 

AND 
'
'  15 day low is higher than the 30 day low 
'
MINL15 > MINL30

)) 

'
' multiply the boolean result of the above, -1 for true or 0 for false
'    by where in the range 30 day range the price stands. 
' For example:
'         if MaxH15, which would also be MaxH30 is 200 and MinL30 is 100 and Close is 144 then
'              the plot would be -1 *
(144 - 100)/(200 - 100) = -0.44
'

* ((C - MINL30) / ( MINL30 - MAXH15))
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