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8 EMA crossing down open price on the 10 min chart Rate this Topic:
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loadmanjoe
Posted : Friday, November 13, 2015 3:47:59 PM
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Joined: 6/17/2008
Posts: 22

Anyone have a PCF to show when the 8 EMA is crossing down the opening pice on the 10 min chart ?

Bruce_L
Posted : Friday, November 13, 2015 4:00:24 PM


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Joined: 10/7/2004
Posts: 65,138

There is no way to automatically determine the opening price of the trading day in an intraday Personal Criteria Formula. You would need to have a different formula each time a new 10 minute bar forms.



-Bruce
Personal Criteria Formulas
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loadmanjoe
Posted : Friday, November 13, 2015 4:09:59 PM
Registered User
Joined: 6/17/2008
Posts: 22

I was meaning the opening price of the day. The eight crossing down the opening price of the day.

Bruce_L
Posted : Friday, November 13, 2015 4:25:06 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I certainly could be wrong, but I am fairly sure I am understanding what you are asking.

During the opening bar of the trading day an intraday Condition Formula for the 8 period exponential crossing down through the open of the trading day could be written as follows.

XAVGC8 < O AND O <= XAVGC8.1

But during the second bar of the trading day an intraday Condition Formula for the 8 period exponential moving average crossing down through the open of the trading day would need to increment the bars ago parameter for the open by 1.

XAVGC8 < O1 AND O1 <= XAVGC8.1

This keeps happening as each new intraday bar forms. So during the third bar of the trading day, the new formula would be the following.

XAVGC8 < O2 AND O2 <= XAVGC8.1

It doesn't matter what intraday time frame is being used as long as the time frame of the Condition Formula is set to match the time frame of the chart.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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