Hello Bruce,

Could you help me with the following formula;

-Current bar close is 45% or less than the current bar high.

Hopefully that make sense.

Thanks

The two main interpretations which come to mind are that the current price is 45% lower than the high of the current bar, but this seems highly unlikely unless the time frame is set to something fairly long like yearly or we are dealing with penny stocks.

C <= .55 * H

The other interpretation seems more likely and that is that the current price is at least 45% of the way down the current candle.

STOC1 <= 55 AND H > L

Hi   Bruce

Just checked the scan, the second interpretation works.

Thanks

Bruce, 

One more thing what is STOC1 mean I just want to invert the formula?

Thanks

It is a 1 period stochastic. It returns where price is relative to the high and low over the period with 100 being at the top, 50 being in the middle and 0 being at the bottom.

Because the period is 1, it is just looking at the current bar.

Inverting this would be:

STOC1 >= 45 AND H > L

The H > L is needed because STOC1 = 50 when H = L.

Great ! thank you

This isthe last question

Is it possible to add a condition to the same formula requiring the open of the bar to to the same?

Probably, but the open of the bar to be the same as what? The high, the low, the close, some value from a previous bar?

Hard to explain but I would be looking for long tails, I guess and or dojis, if that makes sense

If you actually mean a doji:

STOC1 <= 45 AND O = C AND H > L

If you just mean the open is also in the bottom 45% of the candle.

STOC1 <= 45 AND 100 * O <= 55 * L + 45 * H AND H > L

And the reverse:

If you actually mean a doji:

STOC1 >= 55 AND O = C AND H > L

If you just mean the open is also in the top 45% of the candle.

STOC1 >= 55 AND 100 * O >= 45 * L + 55 * H AND H > L

Thanks Again

You're welcome.