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raider45
Posted : Thursday, August 25, 2016 8:17:30 AM
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Joined: 9/30/2011
Posts: 788
I would like to have a Formula PCF with the Long signal on Pin Bar candle. 
Reference website:                                                                                                                  
 
 
Thank you in advance and greetings from Italy.
Rosario Columbro
Bruce_L
Posted : Thursday, August 25, 2016 11:06:49 AM


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If you just want a pin bar without worrying about its location or size.

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L

If the bar needs to be above average and at the bottom of a downtrend (of 6 bars or more).

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L AND H - L > AVGH6 - AVGL6 AND L = MINL6 AND 5 * (C - C5) + 3 * (C1 - C4) + C2 < C3 AND AVGC3 < AVGC3.3



-Bruce
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raider45
Posted : Thursday, August 25, 2016 12:21:36 PM
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Joined: 9/30/2011
Posts: 788
 
 
 
The formulas work fine!
Congratulations, thanks Bruce!

Sincere greetings from Italy.
Rosario Columbro

 

Tradarr8
Posted : Tuesday, September 27, 2016 1:22:34 AM
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Joined: 9/27/2016
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QUOTE (Bruce_L)

If you just want a pin bar without worrying about its location or size.

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L

If the bar needs to be above average and at the bottom of a downtrend (of 6 bars or more).

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L AND H - L > AVGH6 - AVGL6 AND L = MINL6 AND 5 * (C - C5) + 3 * (C1 - C4) + C2 < C3 AND AVGC3 < AVGC3.3

 

Bruce , Can you provide pcf for inverse/bearish pinbars for both formulaes ?  Thanks

Bruce_L
Posted : Tuesday, September 27, 2016 8:27:50 AM


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

The inverse of the first formula would be as follows.

5 * ABS(O - C) <= H - O AND 5 * ABS(O - C) <= H - C AND 2 * O + 2 * C < H + 3 * L

And the inverse of the second formula would be as follows.

5 * ABS(O - C) <= H - O AND 5 * ABS(O - C) <= H - C AND 2 * O + 2 * C < H + 3 * L AND H - L > AVGH6 - AVGL6 AND H = MAXH6 AND 5 * (C - C5) + 3 * (C1 - C4) + C2 > C3 AND AVGC3 > AVGC3.3



-Bruce
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Tradarr8
Posted : Tuesday, September 27, 2016 11:31:31 PM
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Thanks! Bruce.

sinoyank
Posted : Wednesday, March 15, 2017 12:49:26 PM
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Joined: 12/10/2004
Posts: 4

Hi Bruce:

Is there a way to write an easyscan to scan for such a pinbar (at the bottom of a down leg) happening yesterday while it closes up today?

Would you kindly provide the necessary pcfs and Scan conditions related?

Much thanks.

Kenneth

Bruce_L
Posted : Wednesday, March 15, 2017 12:59:44 PM


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Posts: 65,138

Converting the second formula from my Thursday, August 25, 2016 11:06:49 AM ET post to a 1 bar ago version and then checking for price being above the previous close and current open can be written as follows.

C > O AND C > C1 AND 5 * ABS(O1 - C1) <= O1 - L1 AND 5 * ABS(O1 - C1) <= C1 - L1 AND 2 * O1 + 2 * C1 > 3 * H1 + L1 AND H1 - L1 > AVGH6.1 - AVGL6.1 AND L1 = MINL6.1 AND 5 * (C1 - C6) + 3 * (C2 - C5) + C3 < C4 AND AVGC3.1 < AVGC3.4

The inverse of this would be as follows (based on the second formula in my Tuesday, September 27, 2016 8:27:50 AM ET post.

C < O AND C < C1 AND 5 * ABS(O1 - C1) <= H1 - O1 AND 5 * ABS(O1 - C1) <= H1 - C1 AND 2 * O1 + 2 * C1 < H1 + 3 * L1 AND H1 - L1 > AVGH6.1 - AVGL6.1 AND H1 = MAXH6.1 AND 5 * (C1 - C6) + 3 * (C2 - C5) + C3 > C4 AND AVGC3.1 > AVGC3.4

If you have different definitions or assumptions in mind, then we would need additional clarification from you so the formulas could be modified to better meet your expectations.



-Bruce
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sinoyank
Posted : Wednesday, March 15, 2017 11:16:04 PM
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Thanks very much Bruce. You make it appear logical and easy. Thanks again.

Kenneth

boni.kaston
Posted : Saturday, June 17, 2017 8:32:19 AM
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Posts: 3

QUOTE (Bruce_L)

Converting the second formula from my Thursday, August 25, 2016 11:06:49 AM ET post to a 1 bar ago version and then checking for price being above the previous close and current open can be written as follows.

C > O AND C > C1 AND 5 * ABS(O1 - C1) <= O1 - L1 AND 5 * ABS(O1 - C1) <= C1 - L1 AND 2 * O1 + 2 * C1 > 3 * H1 + L1 AND H1 - L1 > AVGH6.1 - AVGL6.1 AND L1 = MINL6.1 AND 5 * (C1 - C6) + 3 * (C2 - C5) + C3 < C4 AND AVGC3.1 < AVGC3.4

The inverse of this would be as follows (based on the second formula in my Tuesday, September 27, 2016 8:27:50 AM ET post.

C < O AND C < C1 AND 5 * ABS(O1 - C1) <= H1 - O1 AND 5 * ABS(O1 - C1) <= H1 - C1 AND 2 * O1 + 2 * C1 < H1 + 3 * L1 AND H1 - L1 > AVGH6.1 - AVGL6.1 AND H1 = MAXH6.1 AND 5 * (C1 - C6) + 3 * (C2 - C5) + C3 > C4 AND AVGC3.1 > AVGC3.4

If you have different definitions or assumptions in mind, then we would need additional clarification from you so the formulas could be modified to better meet your expectations.

Hi Bruce,

I get an error message on the inverse  Formula.

error message :  "Error in formula , Unmatched Parentheses at position 188".

i am using Tc2000 Version 16.0.6037.18046

Please advice.

 

boni.kaston
Posted : Tuesday, June 20, 2017 3:44:25 PM
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Joined: 3/28/2015
Posts: 3

Hi Bruce,

I get an error message on the inverse  Formula.

error message :  "Error in formula , Unmatched Parentheses at position 188".

i am using Tc2000 Version 16.0.6037.18046

Please advice.

Bruce_L
Posted : Wednesday, June 21, 2017 10:13:05 AM


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

Please try the following condition formula instead.

C < LEAST(O, C1) AND 5 * ABS(O1 - C1) <= LEAST(H1 - O1, H1 - C1) AND 2 * O1 + 2 * C1 < H1 + 3 * L1 AND H1 - L1 > AVG(H1 - L1, 6) AND H1 = MAXH6.1 AND FAVGC6.1 > AVGC6.1 AND AVGC3.1 > AVGC3.4



-Bruce
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