 Gold Customer
Joined: 1/21/2012
Posts: 28
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Can we come up with a pcf that would scan for price action that occured for the first 10 minutes of trading at the close of the trading day. I am
looking to see if there is any correlation between opening market action and closing price. For example, I would like a scan for stocks that were up 2% in the first 10 minutes and closed even higher. The % and duration would be varriables.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Assuming it is going to be done after the market closes, we could definitely do something like this if you TC2000 Platinum.
For example, the following Condition Formula would work to check for at least a 2% price increase from the open to the close of the first bar of the day where the close of the day is even higher when the time frame of the Condition Formula is set to 10 minute.
C38 >= 1.02 * O38 AND C > C38
But you can't scan in intraday time frames using TC2000 Gold.
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
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