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Use of Indicators in a PCF Rate this Topic:
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Snooowman
Posted : Tuesday, May 24, 2016 6:43:12 PM
Registered User
Joined: 1/28/2014
Posts: 34

Hello, I'd like to create a scan condition to see if the current or previous 5 min candle crossed above VWAP.

1) Using 5 min bars

2) Return true if either the current candle or the last candle crossed over the VWAP

(C>VWAP) OR (C1>VWAP) ??

Can you suggest a way to do this so I can add this in a custom scan

 

Thanks

StockGuy
Posted : Wednesday, May 25, 2016 11:30:17 AM

Administration

Joined: 9/30/2004
Posts: 9,187

VWAP cannot be accessed in a PCF.  You can create the condition for the latest candle from the chart but not for the previous candle. There's no way to do that.

Snooowman
Posted : Monday, June 6, 2016 6:10:40 PM
Registered User
Joined: 1/28/2014
Posts: 34

Thanks but there is a way. I spoke to one of the online help folks. Just create a moving average on 5min price with a period of 1 and an offset of +1 Then use create scan condition to check if its greater then vwap and add that to the scan. It works well.

 

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