Registered User
Joined: 3/28/2016
Posts: 41
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Hello Bruce,
how can i create an easy scan that show me stocks that had three red candles on the daily chart not counting the current session?
thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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What criteria are you using for the color of the candles? Net Change or the Open vs Close?
If Net Change, then three red candles proir to the candle would be C4 > C3 and C3 > C2 and C2 > C1
If Open vs Close, use C3<O3 and C2<O2 and C1<O1
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Note that you can shorten StockGuy's formulas somewhat (not much) if you are using TC2000 v17 (but not in earlier versions of TC2000).
For the net change version:
CountTrue(C2 > C1, 3) = 3
For the open vs close version:
CountTrue(C1 < O1, 3) = 3
It isn't a significant saving with only three bars, but it can be quite a savings if you were looking at 10 bars instead or longer formulas.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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