Registered User
Joined: 6/15/2011
Posts: 54
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What would be a scan that shows stocks who have three consecutive red bars.
Kind Regards
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If Color Based On is set to Net Change:
C < C1 AND C1 < C2 AND C2 < C3
If Color Based On is set to Open vs Close:
C < O AND C1 < O1 AND C2 < O2
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
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Registered User
Joined: 6/15/2011
Posts: 54
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Where is the option to change Colour base?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Click where it says Price History on the chart and select Edit. Color Based On will be one of the settings.
-Bruce
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Registered User
Joined: 5/27/2018
Posts: 1
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Hello!
Could you pls explain why C<C1 and C1<C2 and not vise versa
Like C>C1 the price is decreasing here and every close is less than previous one....
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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C > C1 is checking for the current price being greater than the previous close.
C only has one parameter, the number of bars ago. If it is left blank, it is assumed to be zero.
So C > C1 is the same as C0 > C1. Which means the close of zero bars ago is greater than the close of one bar ago.
So price is going up (not decreasing as you seem to indicate in your most recent post). This would normally be a green bar if Color Based On is set to Net Change (although it is completely customizable and could be changed to something else by you).
So for red bars, we would want C < C1 since this checks for a negative price change (assuming Color Based On is set to Net Change).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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