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alfabrizio
Posted : Tuesday, August 9, 2016 9:17:45 AM
Registered User
Joined: 2/4/2011
Posts: 34

Greetings:

I'm trying to figure out how to express the idea of the PPO value today being less than any other PPO bar at a given interval, for example, 150 days. I've been trying to apply the "MAX ...(,150)" language, but it's not working for me.

I wonder if you can help me out with this.

The formula for PPO is:

(XAVCG9 - XAVGC26) / XAVGC26 > (XAVGC9 - XAVGC26) / XAVGC26

Bruce_L
Posted : Tuesday, August 9, 2016 9:48:06 AM


Worden Trainer

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

You really aren't going to be able to do this with a formula because it would be too long and slow.

What you can do instead is add a Donchian Channel to the Price Percent Oscillator (PPO) indicator with the Period set to 150 and the Offset set to 1.

How to add an indicator to a chart template
How to edit an Indicator

Then click on the Donchian Channels indicator and select Create Scan Condition to create a condition for Below Chan Bottom in the Price Percent Oscillator vs Donchian Channels section of the Condition drop-down menu in the Create Scan Condition window.

Create Conditions from Your Chart (5:25)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
alfabrizio
Posted : Tuesday, August 9, 2016 2:24:33 PM
Registered User
Joined: 2/4/2011
Posts: 34

Hi Bruce,

That's super. Would the Donchian channel generally work that way also with other indics? I'm thinking of TSI (true strength).

Thanks

Al

Bruce_L
Posted : Tuesday, August 9, 2016 2:33:17 PM


Worden Trainer

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

It should work with most indicators including the True Strength Index (TSI) indicator.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
alfabrizio
Posted : Tuesday, August 9, 2016 2:34:28 PM
Registered User
Joined: 2/4/2011
Posts: 34

Kind thanks.

Bruce_L
Posted : Tuesday, August 9, 2016 2:36:05 PM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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